As our team has grown over the years, so has the amount of content we put out.
If you haven’t already, I would encourage you to go subscribe to our YouTube Channel so you never miss an update!
I think you’re really going to enjoy it. [Read more…]
Expert technical analysis of financial markets by JC Parets
by JC
As our team has grown over the years, so has the amount of content we put out.
If you haven’t already, I would encourage you to go subscribe to our YouTube Channel so you never miss an update!
I think you’re really going to enjoy it. [Read more…]
by JC
Somewhere along the way I think people forgot that we’re only in the market to make money.
This is a very selfish endeavor.
Who cares what other people are doing with their investments?
Why should it matter to me that someone else may or may not be trading recklessly in the NFT space?
That’s their problem. [Read more…]
From the desk of Steve Strazza @Sstrazza
Thanks to everyone who participated in last week’s mystery chart.
We questioned whether it was a rounding top reversal pattern – in which case we’d be looking for a breakdown.
Or, if it was actually a failed breakdown – and we all know what tends to follow those patterns…
The responses we received were mixed. But there were plenty of bulls who wanted to be long against the former lows and bet on a swift reaction higher.
That’s pretty much the camp we were in too. We recently wrote about all of the whipsaw action we’ve been witnessing.
We said the next critical piece of information we’d be looking for was whether or not these patterns would see some real follow-through and confirmation.
Fast forward a week or so, and we definitely have our answer.
So let’s talk about it, and more importantly, what it means for risk assets.
by Ian Culley
From the desk of Steve Strazza @Sstrazza and Ian Culley @Ianculley
In today’s Commodity Report, we zoomed out to our monthly charts to reconnect with the primary trend. This exercise really allows us to tune out the noise on the weekly and daily charts.
As we were reviewing our charts, there was one recurring theme that kept popping up…
Pullbacks and retests.
The CRB Index retested its breakout zone near the 2018 highs ~206.
Crude oil broke back below a 13-year downtrend line only to reclaim it in recent sessions.
Iron ore fell right back to check in on its 2013 highs.
And even palladium, the one bright spot in the precious metals space, pulled back to a six-year trendline.
But guess what? Just like we’ve recently seen in many of the weakest areas in other asset classes, buyers dug in at these key levels.
Of all these retests, one that stood out most was Uranium.
Let’s take a look. [Read more…]
Once again this month, I’m going to share info on positions that were closed in the month of August. As a reminder, our exit plans are always laid out ahead of time in each trade idea we publish. In every case, the exits mentioned below were all in accordance with the plans as laid out.
As we head towards September expiration, we have three open positions remaining with expiring September options that need our attention. Most of our delta-neutral premium-selling plays worked out in August, which makes sense considering the slow markets we just endured. Let’s dive in.
Positions with September options that need monitoring: [Read more…]
by JC
Here’s the thing.
There are going to be scams and bubbles on wall street. Humans and money are the necessary ingredients to create them.
We know that going in.
I keep being told that some of these growth stocks are in bubbles. Or that some of these Crypto Currencies are Scams.
My point is, So what?
What if some of them are bubbles or scams?
Why is that our problem? [Read more…]
by Ian Culley
From the desk of Steve Strazza @Sstrazza and Ian Culley @Ianculley
Mixed signals have been the rule rather than the exception since the market peaked in early February.
The major stock indexes have continued to print record highs while breadth has deteriorated beneath the surface, creating several bearish divergences.
Some stocks have gone up and some stocks have gone down. But the reality is that most stocks have gone nowhere.
The same is true for commodities.
We’ve noticed pockets of strength in base metals, livestock, and softs. But the majority of commodities have remained range-bound since the beginning of May.
Even the bond market is flashing its fair share of mixed signals.
One that stands out in particular is the relationship between the US 3s10s and the Regional Banks $KRE relative to the S&P 500 $SPY. [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 September 7th @ 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…]