We’re officially half the way through this year’s Santa Claus Rally.
I like to check in on this one as it goes on because of the impact it’s had on past markets. [Read more…]
Expert technical analysis of financial markets by JC Parets
by JC
We’re officially half the way through this year’s Santa Claus Rally.
I like to check in on this one as it goes on because of the impact it’s had on past markets. [Read more…]
by JC
It’s a week full of trades!.
There are so many opportunities out there in this stock market that keeps on grinding higher.
The bulls continue to get rewarded throughout the back half of the year and we see no evidence of that slowing down.
Yesterday’s Long Tesla Call is setting up nicely.
Over in our Trading Room, we traded $TSLA from the long side both yesterday and already this morning, successfully both times.
The longer-term trade looks ready to trigger as well.
In the meantime, I bought this Micron $MU that I think also provides us with a favorable risk vs reward opportunity. [Read more…]
by JC
These are the registration details for our Live Monthly Candlestick Strategy Session for Premium Members of All Star Charts.
This month’s Video Conference Call will be held on Tuesday January 3rd @ 6PM ET. As always, if you cannot make the call live, the video and slides will be archived and published here along with every other live call since 2015.
Here are the details for Tuesday evening: [Read more…]
by Louis Sykes
They say never to short a dull market.
It’s sure got dull, right?
Bitcoin’s volume and volatility have taken a summer holiday, with the biggest cryptocurrency’s monthly Bollinger bandwidth contracting to its third-lowest level in the last five years.
We’ve referenced this chart many times this year, giving us a great heads-up on when to anticipate volatility.
Just take a look at this volatility contraction…
From the Desk of Steve Strazza @Sstrazza
When investing in the stock market, we always want to approach it as “a market of stocks.”
Regardless of the environment, there are always stocks showing leadership and trending higher.
We may have to look harder to identify them depending on current market conditions. But there are always stocks that are going up.
The same can be said for weak stocks. Regardless of the environment, there are always stocks that are going down, too.
We already have multiple scans focusing on stocks making all-time highs, such as Hall of Famers, Minor Leaguers, and the 2 to 100 Club.
We filter these universes for the stocks showing the best momentum and relative strength characteristics.
Clearly, we spend a lot of time identifying and writing about leading stocks every week, via multiple reports.
Now, we’re also highlighting lagging stocks on a recurring basis.
by Ian Culley
From the Desk of Ian Culley @IanCulley
What a year for currency markets!
The USD/JPY tested its 1998 highs marked by the Asian Financial Crisis. The British pound revisited its all-time lows. And the euro fell below parity versus the US dollar for the first time in twenty years.
But where does that leave the King Dollar heading into Q1 2023 now that it has fallen almost 10% off its September peak and many global currencies have reclaimed key levels?
Let’s turn to the charts for some answers…
by JC
One thing I know about this time of the year is that whipsaws thrive.
We call it Whipsaw Hunting Season.
The lack of liquidity, and lack of interest due to other life priorities, creates over-extended and exaggerated moves that otherwise would not be allowed to occur under normal supply and demand conditions.
But since the b-squads are on the desks, you regularly get failed moves this time of the year that result in very fast moves in the opposite direction.
For some great examples see $GDX in December 2016 and check out $TLT in December 2013, among many others.
These were nasty failed moves that ripped the short sellers’ faces off into the new year.
We see these sorts of moves born around this time every single season. It’s perfectly normal market (human) behavior.
So as we go hunting this year, Tesla really stands out as a potentially great candidate. [Read more…]
From the Desk of Steve Strazza @Sstrazza.
Welcome back to Under the Hood, where we’ll cover all the action for the week ended December 23, 2022. This report is published bi-weekly and rotated with The Minor Leaguers.
What we do here is analyze the most popular stocks during the week and find opportunities to either join in and ride these momentum names higher, or fade the crowd and bet against them.
We use a variety of sources to generate the list of most popular names.
There are so many new data sources available that all we need to do is organize and curate them in a way that shows us exactly what we want: a list of stocks that are seeing an unusual increase in investor interest.
Click here for a behind-the-scenes look at our process.
Whether we’re measuring increasing interest based on large institutional purchases, unusual options activity, or simply our proprietary lists of trending tickers, there’s a lot of overlap.