Expert technical analysis of financial markets by JC Parets
From the desk of Louis Sykes @haumicharts
Welcome to the second edition of “Louis’ Look”, where I share the key lessons I’ve learnt over the past week through interning at All Star Charts. You can read the first post here.
As with any week working with this bunch, plenty was learnt, so let’s jump right into it.
Today we have a special episode of the podcast. I think it’s important to take a step back from the markets and Technical Analysis sometimes, and talk about something that is universal to us all. For this episode I invited Morgan Housel to come and talk about the importance of writing. For those of you who have been following my work for a long time, you often hear me talk about the personal benefits of putting my ideas down on paper. Sure, people all over the world get insight into what our firm is thinking, they get steady idea flow from my blog, and in some lucky cases, people might even learn something. But the truth is, my writing is an incredibly selfish endeavor. It forces me to think through the important concepts. And as Morgan talks about in this episode, the inability to express my thoughts in written form probably means my idea is stupid to begin with. The easier it is to write about, the better it will usually be received by our audience.
Morgan Housel is definitely one of my favorite financial writers in the world today. I know a lot of smart people who would agree with that. Whether you’re a market participant or not, but especially if you are, I think writing consistently is one of the most valuable things you can do. Even if you don’t share it with the public, and just keep it to yourself, I encourage you to get into the habit of writing. Think about it, people were keeping a journal and writing their ideas down way before blogs existed. There’s a good reason for that.
On the flip side, when it comes to reading, Morgan also had a few thoughts he wanted to share with us. He is very much against the Trophy Reading and ripping through an ungodly number of books just for the sport of it. He’s gone down that rabbit hole before and learned that he’s better off reading just 1 book a month, taking his time, talking to smart people about it, and really digesting it. He made some really good points about this.
This was a really fun episode and one that I think is a great compliment to a lot of the other conversations we’ve been having with smart folks about the markets. Enjoy! [Read more…]
I don’t know if I’ve made myself clear enough. It’s getting pretty obnoxious at this point isn’t it?
We talk about this internally sometimes (ahem strazza), that we sound like a broken record.
My response is that we should be aware of our own behavior. The simple fact that we are recognizing, that yes, we are indeed being super annoying and just saying the same things over and over again, is information. It’s really important to identify that.
Why? What does this mean? To me, it means that what’s been working keeps working. And what needed to start working for those things to continue are working now too.
Exhibit A has to be the Dow Jones Transportation Average breaking out to new highs BEFORE the Dow Jones Industrial Average. Wait, What???? New phone who dis? [Read more…]
From the desk of Tom Bruni @BruniCharting
Precious Metals are getting all of the Commodity attention these days, but the truth is there is a lot more opportunity in the space than just Metals.
In this post, I want to outline why we think Natural Gas is in a new bull market and how we’re taking advantage of it.
From the desk of Tom Bruni @BruniCharting
The Fixed Income, Commodity, and Currency markets are near and dear to my heart. Ever since I began learning Technical Analysis, I’ve always loved analyzing things that are “off the beaten path.” This included everything from Interest Rates to Soybeans to the Norwegian Krone. Equities are great and all, but this is the stuff that gets me up in the morning.
In addition to the blog posts we do on the site, I’ve wanted to explore new ways to share that passion with you all and show why even if you’re not investing in these markets directly, they’re worth paying attention to.
That brings us to my new weekly show, “What The FICC?”
In this weekly video series, I’ll be highlighting the most important chart or theme from these three asset classes while doing my best to tie that analysis back to Equities through an intermarket signal or a trade idea.
The first two pilot episodes are linked down below. I hope you enjoy them and look forward to seeing you all back here each week for a new episode!
From the desk of Steve Strazza @Sstrazza
Thanks to everyone who participated in this week’s Mystery Chart. Most of you either wanted to buy or do nothing and wait for more information.
The chart was the iShares Global Silver Miners ETF $SLVP. We’re bullish metals so we agree and want to be buying this over the long-term as well.
With that said, we want to be cautious at current levels for reasons we’ll outline in this post. First, let’s look at the updated chart.
I feel like at this point if they’re not on my podcast, I’m on theirs. It’s pretty funny when you think about it.
The idea here is to just continue the conversation. It’s been a habit of mine for decades. Whether it’s over dinner, cocktails, on someone’s podcast, video, doesn’t matter. I’ve found it really helpful to talk to smart people on a regular basis.
One of the things I enjoy most is learning more about technology, particularly fintech, and what sorts of tools we’re going to use in the future. This is the greatest time to be alive in human history. I’m on the edge of my seat every day waiting for what’s next. In some cases, we’re the ones building what’s next, and that’s also really cool to watch. The way I see it, if we’re not investing in Technology, it’s a big mistake. We know what we think will be helpful to us internally better than anyone else. So why shouldn’t we just build it? (we’re looking to hire 2 more engineers: Ping Me).
Howard Lindzon is one of the guys I’ve always turned to with questions about all of the above: Fintech, Trading tools and what’s in store for the next 5 years? We do a lot of fun videos together that you can find here. But today he flipped the script and invited me on to his podcast.
I think it could give you a good chance to get to know me a little better. That way, maybe you can understand where I’m coming from when you read my comments and market analysis. I’ve always found that helpful.
Enjoy! [Read more…]
This is a behind the scenes video of our team meeting held on July 6, 2020 4PM ET.
Every quarter we put out our Playbook focusing on the most important themes around the world to take advantage of, and just as importantly, which areas to avoid. This is usually about 150 pages and really dives deep into stocks, rates, commodities, forex and the intermarket relationships between all of them.
I hope this gives you some perspective on how we approach markets using our Top/Down Approach. We’ve always found it helpful to understand where people are coming from and why they say certain things. I hope this can give you some of that context about us. I think it also helps you get to know our team a little better. Enjoy!
