Expert technical analysis of financial markets by JC Parets
It’s been a slow “ideas” week here at All Star Options for obvious reasons: the markets are getting destabilized ahead of the election and news flow on the Covid19 front.
As JC likes to remind us often — there are no called strikes on Wall Street. We can sit in the batters box with the bat on our shoulders and just look at pitch after pitch without taking a swing.
This is one of those times. [Read more…]
From the desk of Tom Bruni @BruniCharting
Thanks to everyone who participated in this week’s Mystery Chart.
Most of you said that you were buyers of this big base because we like to buy smiley faces, not sell them.
Unfortunately for you all I pulled the flip-flop on this week’s chart and inverted it, so let’s see what you were actually selling. [Read more…]
From the desk of Steve Strazza @Sstrazza
In this week’s RPP Report we discussed some of the major developments recently such as the increasing bid for risk-on and reflationary assets, as well as continued rotation into more cyclical areas across all asset classes.
Our report focused mainly on Financials as well as some discussion regarding the recent outperformance from Small and Mid-Caps.
To follow up on this theme, today we’ll dig into some other economically sensitive areas like Mid-Cap Industrials and Materials.
We’ll take a look at the charts as well as the internals in these sectors in order to illustrate our current outlook.
From the desk of Tom Bruni @BruniCharting
Today we want to look at why the difference in Interest Rates between European and US Bonds are causing trouble in the markets.
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 Monday November 2nd @ 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 Monday evening: [Read more…]
From the desk of Steve Strazza @Sstrazza and Louis Sykes @Haumicharts
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 discussed markets remaining more or less a mixed bag over recent weeks/months. At the same time, we’ve pointed out how the weight of the evidence continues to tilt gradually in the direction of the bulls, particularly due to the action we’ve observed in key risk assets.
This week, we finally witnessed a meaningful rotation into reflationary assets as yields rallied to their highest levels since June. We also saw a noticeable strengthening from cyclicals.
We think this kind of rotation is a very healthy development for markets.
From the desk of Steve Strazza @Sstrazza.
Welcome to our “Under The Hood” column for the week ended October 23, 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.
