No, not those semis! Semiconductors!
We’re seeing more and more long-term breakouts from monster bases and increasing relative strength across the entire sector.
Case in point, here’s a chart of KLA Corp $KLAC: [Read more…]
[Premium] 2-to-100 Club (11-18-2020)
From the desk of Steve Strazza @Sstrazza
Welcome to the 2 to 100 Club.
Something we’ve been working on internally this year is using various bottoms-up tools and scans to complement our top-down approach. One way we’re doing this is by identifying stocks as they climb the market-cap ladder from small, to mid, to large, and ultimately to mega-cap status (over $200B).
Once they graduate from small-cap to mid-cap status (over $2B) they come on our radar. Likewise, when they surpass the roughly $30B mark, they roll off our list.
But the scan doesn’t just end there. We only want to look at the strongest growth industries in the market as that is typically where these potential 50-baggers come from.
Some of the best performers in recent decades – stocks like Priceline, Amazon, Netflix, and Salesforce, to a myriad of others… all would have been on this list at some point during their journey to becoming the market behemoths they are today.
When you look at the stocks in our table you will notice we are only focused on technology and growth industry groups such as Software, Semiconductors, Online Retail, Solar, etc.
Then like any good technician, we filter the list down to those that are closest to new 52-week highs. This allows the cream of these strongest groups to rise to the top and makes our job easier to identify technical breakouts in the top-performing stocks.
Mystery Chart (11-17-2020)
From the desk of Steve Strazza @Sstrazza
New Mystery Chart!
For those new to this exercise, we take a chart of interest and remove the x/y-axes and any other labels that would help identify it. The chart can be any security in any asset class on any timeframe on an absolute or relative basis. Maybe it’s a custom index or inverted, who knows!
We do all this to put aside the biases we have associated with this specific security/the market and come to a conclusion based solely on price.
You can guess what it is if you must, but the real value comes from sharing what you would do right now. Buy, Sell, or Do Nothing?
November Conference Call: 5 Key Takeaways
From the desk of Steve Strazza @Sstrazza.
Tuesday night we held November’s Monthly Conference Call which our Premium Members can access and rewatch here.
In this post, we’ll provide a summary of the call by highlighting 5 of the most important charts/topics we covered along with commentary on each.
Let’s dive into it.
[Premium] Monthly Conference Call Video Recording November 2020
This is the video recording of the November 2020 Conference Call.
RPP Report: Review. Preview. Profit. (11-13-2020)
From the desk of Steve Strazza @Sstrazza
At the beginning of each week, we publish performance tables for a variety of different asset classes and categories along with commentary on each.
Looking at the past helps put the future into context. In this post, we review the relative strength trends at play and preview some of the things we’re watching in order to profit in the weeks and months ahead.
We’ve explained how we continue to see the weight of the evidence shifting in favor of the bulls with each passing week.
We can finally say we’re no longer in a split market environment. Instead, we see a market supported by strong internals where the bias is clearly higher for equities and risk-assets alike.
After the prior week’s resurgence from the Tech/Growth trade, as well as new highs from many of the major sectors and indexes, this week showed a strong rotation back into cyclical groups.
I know we’ve discussed the potential for some serious sector rotation before. But we haven’t seen such a strong week from economically sensitive groups like this just yet.
World’s Most Important Stock Index Makes All-time Highs
The Dow Jones Industrial Average just went out at new All-time weekly closing highs. The way I learned it was that, “We Don’t Want To Fight Papa Dow”.
One thing we know for sure about new All-time highs is that they are NOT a characteristic of a downtrend. When you go back and find all the best downtrends ever, you’re not going to find many new all-time highs in those trends. In fact, you won’t find any.
And as a public service announcement, if you’re one of those people who approaches life with the mentally that all downtrends start with new all-time highs, please unsubscribe. You’re clearly not listening to anything I’m saying and it’s probably just better that you go away.
For the rest of you who finished 3rd grade math class successfully, here’s the chart of the Dow Jones Industrial Average making new all-time highs: [Read more…]
Under The Hood (11-13-2020)
From the desk of Steve Strazza @Sstrazza.
Welcome to our “Under The Hood” column for the week ending November 13, 2020.
What we do 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.
Whether we’re measuring increasing interest based on large institutional purchases, unusual options activity, or simply our proprietary lists of trending tickers… there is a lot of overlap.
The bottom line is there are a million ways to skin this cat. Relying on our entire arsenal of data makes us confident that we’re producing the best list each week and gives us more optionality in terms of finding the most favorable trade setups for our clients.
- « Previous Page
- 1
- …
- 405
- 406
- 407
- 408
- 409
- …
- 529
- Next Page »
