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All Star Charts

Expert technical analysis of financial markets by JC Parets

Word of the Day: Thrust

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One of the hallmarks of the beginning stages of new trends, irrespective of asset class, is the thrust.

  • Thrust: push suddenly or violently in a specified direction.

There are many different ways markets can thrust, but it’s commonly one of two:

  • momentum; or
  • breadth.

In Monday’s letter, we discussed that if Bitcoin could close in the green, it’d be the first time it’s seen seven consecutive positive closes since the July short squeeze.

Fast-forward, we’re now sitting on eight with a probability of nine green candles in a row:

[Read more…]

The Most Bullish Catalyst?

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Over the past half-decade or so, we’ve seen the US Dollar Index maintain a very high negative correlation with risk assets.

When stocks are doing well, the Dollar has normally been under pressure. And when stocks have struggled, as most of them have over the past year, the US Dollar has kept a bid.

Look how poorly the Dollar did when stocks ripped in 2020 off those pandemic lows. And then look at the strength in the Dollar over the last year as most stocks have struggled: [Read more…]

Currencies Get Real

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From the desk of Steven Strazza @Sstrazza and Ian Culley @IanCulley

Rates continue to move higher around the world as central banks do their best to combat inflation. 

As investors, our best course of action is to position ourselves in those areas that benefit most from rising rates.

Commodities and cyclical stocks immediately come to mind. But there are also specific currencies that tend to excel in rising rate environments.

Today, we’ll discuss a handful of emerging-market currencies with heavy commodity exposure. 

We’ve been waiting on these currencies to catch higher and confirm the price action in commodities since last year… and it looks like it’s finally happening.

Let’s dive in.

[Read more…]

How Does Magnifi Work?

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In today’s video I sit down with Anne Harris, Client Success Manager at Magnifi.

So what is Magnifi?

How should we get started and begin using the platform?

Anne answers all of my questions and more in this short video about Magnifi, my favorite new investing search engine.

You can sign up for a Free Magnifi account using this link

[Read more…]

The Minor Leaguers (03-28-2022)

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From the desk of Steve Strazza @Sstrazza

Welcome to our latest Minor Leaguers report.

We’ve had some great trades come out of this small-cap-focused column since we launched it back in 2020 and started rotating it with our flagship bottom-up scan, Under the Hood.

For the first year or so, we focused only on Russell 2000 stocks with a market cap between $1B and $2B.

That was fun, but we wanted to branch out a bit and allow some new stocks to find their way onto our list.

The way we did this is simple…

To make the cut for our revised Minor Leaguers list, a company must have a market cap between $1B and $4B.

And it doesn’t have to be a Russell component–it can be any US-listed equity. With participation expanding around the globe, we want all those ADRs in our universe.

After our price and liquidity filters are applied, we sort by proximity to new highs in order to focus on the best players.

But, instead of all-time highs, we’re sorting by 52-week highs these days, as we don’t want to discriminate against energy or other cyclical stocks.

The goal is to catch the strongest names while they’re still small and have serious upside potential. If any of these stocks ever climb the ranks to the big leagues, the returns could be huge.

We’re looking at up to 10x moves just to break into large-cap land!

Let’s dive into this week’s report and see what’s happening in some of the hottest stocks in the Minor Leagues.

[Read more…]

Follow the Flow (03-28-2022)

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From the desk of Steve Strazza @sstrazza

This is one of our favorite bottom-up scans: Follow the Flow. In this note, we simply create a universe of stocks that experienced the most unusual options activity — either bullish or bearish… but NOT both.

We utilize options experts, both internally and through our partnership with The TradeXchange.

Then, we dig through the level 2 details and do all the work upfront for our clients. Our goal is to isolate only those options market splashes that represent levered and high-conviction, directional bets.

We also weed out hedging activity and ensure there are no offsetting trades that either neutralize or cap the risk on these unusual options trades.

What remains is a list of stocks that large financial institutions are putting big money behind… and they’re doing so for one reason only: because they think the stock is about to move in their direction and make them a pretty penny.

Then we flip through our list of stocks flashing unusual activity and pick the best setups using many of the same technical filters we do for our other scans.

And, just like that, we’ll follow the money flow and fatten our own pockets along with some of the world’s most powerful financial institutions.

[Read more…]

[Premium] Details For April 2022 Monthly Strategy Session

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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 April 5th @ 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…]

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