This is the video recording of our April 1, 2021 Monthly Charts Live Strategy Session
Checking In On GDX
From the desk of Steven Strazza @Sstrazza and Ian Culley @Ianculley
I think we can all agree that the market is an absolute hot mess right now.
The Precious Metals complex is as good an example of this as any right now.
In this post, we’ll use this shiny group of commodities as a case study to illustrate the mixed signals we see not just here but in asset classes all over the globe these days.
It’s a major development, to say the least – so we’d be irresponsible not to monitor it closely as the way things resolve from here will likely have implications that span across markets, far and wide.
We’ll also provide an update of our post from earlier in the month whereby we outlined a trade idea in Gold Miners.
RPP Report: Review. Preview. Profit. (03-29-2021)
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 absolute and relative trends at play and preview some of the things we’re watching to profit in the weeks and months ahead.
While the same themes we’ve laid out in previous reports continue to hold strong, we have seen some recent deterioration, particularly in the large-cap sectors and indexes.
Despite an increase in bearish developments, the overall weight of the evidence is still firmly in the bull camp, and we remain aggressive buyers of stocks and risk assets, particularly over any longer-term timeframe.
It is also very important to consider the recent volatility within the context of the primary trend… which is still unequivocally higher in EVERY major US Index.
Over the upcoming weeks, our view is that many of the recent leaders are likely to consolidate at logical resistance levels. So expect some chop. Be ready for whipsaws, and plan your trades accordingly to avoid being shaken out. Position size accordingly and exercise caution.
BUT! Most importantly, be prepared and watch the market closely as this could turn into something more serious, in which case we want to be sure to respect our risk levels and get out if and when they are violated. We put a lot of thought into making sure we always know when and where we are wrong and providing these levels to clients.
RPP Report: Review. Preview. Profit. (03-23-2021)
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 absolute and relative trends at play and preview some of the things we’re watching to profit in the weeks and months ahead.
We continue to reiterate the same themes and pillars that support our bullish macro thesis. This would include an abundance of evidence pointing to risk appetite, rising developed market yields, strength from commodities, and of course the ongoing rotation toward cyclicals, value, and international stocks, among others…
Just about anywhere we look, we’re seeing investors gravitate further and further out on the risk spectrum.
At the same time, some of the former market leaders have retreated since February and are currently hovering near key levels. Similarly, even the markets’ more recent leaders have shown signs of weakness the past few weeks as some have violated critical tactical levels while others are consolidating at logical levels of resistance.
We’re seeing this both in the US and abroad… and not just in Equity Markets, but also Credit and Commodities. Even many of the risk-on FX pairs we watch have rallied back to key former highs, a very natural area to see sellers step in.
In this week’s report, we highlight some of the most important charts and corresponding levels we’re currently focused on. As long as our risk levels remain intact, so does our “bullish risk-assets” thesis. On the other hand, if we start to see more and more of these key levels give out, we’ll have to re-evaluate things.
Are You Trying To Make Money Or Save The World?
From the desk of Steve Strazza @Sstrazza
What’s the FIRST question investors should ask themselves and have a clear and concrete answer to before putting money in the market?
It is literally step one. The cornerstone of any strategy or trading plan…
What is my objective?
Every investor should examine this thoughtfully and keep it top of mind to ensure that their investment decisions are aligned with their investment goals.
Usually, the answer is pretty simple and comes down to maximizing returns, or more importantly minimizing losses, in a way that fits within each individual’s unique preferences.
But as we’ll explore in this post, this isn’t always the case, and sometimes it can be a bit nuanced – as is the case with Environmental, Social, and Governance investment strategies.
So as an exercise let’s put ourselves in the shoes of ESG investors and ask a few simple questions…
March Conference Call: 5 Key Takeaways
From the desk of Steve Strazza @Sstrazza and Ian Culley @Ianculley.
We recently held March’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.
RPP Report: Review. Preview. Profit. (03-16-2021)
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 absolute and relative trends at play and preview some of the things we’re watching to profit in the weeks and months ahead.
The market continues to fire on all cylinders right now. Last week’s gains were nothing but a continuation of the same resiliency and momentum we’ve come to expect from risk assets over the last year.
As for what’s providing buying opportunities over the next few months and quarters, it is still strongly centered around cyclical areas pertaining to Energy, Financials, International Markets such as Canada, and Commodities, among many other areas we’ve been hitting on.
Last week’s price action continues to strengthen our view that we’ve reallocated into all the right areas. As such, our best course of action is to continue looking for the best risk vs reward opportunities in these leading groups.
Canadian Investors’ Dream Environment
Value stocks, Financials, Energy, Industrials and Materials.
If that doesn’t scream Canada, then I don’t know what does!
Here’s what the breakdown looks like: [Read more…]
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