Expert technical analysis of financial markets by JC Parets
I recently read a book that was recommended to me by a friend in my traders meetup group.
Once I picked it up, I couldn’t put it down.
Here are some of my favorite quotes I continue to meditate on. I think you will also go down rabbit holes while pondering them… [Read more…]
We may have stumbled upon an underpriced opportunity, one that must be off the radar of most traders because it’s practically jumping off the screen at us.
It’s an international banking name with speculative exposure to China, yet the DNA of old-money British aristocrats.
And we’re breaking out today!
Here’s a recent chart of HSBC Holdings PLC $HSBC:
What you don’t see on this chart is $HSBC breaking out above that resistance level today. As I type this, the stock traded as high as $39.14. [Read more…]
Congratulations to the 2023 NBA Champion Denver Nuggets!
I’m a total bandwagoner, having never watched a Nuggets game in the eleven years I’ve now lived in Colorado. My first Nuggets watch was the first playoff game this year. And I watched every game the rest of the way.
My timing was pretty good.
What has stood out the most to me in the interviews and press I saw and read last night and this morning following the Nuggets win is how their journey to the top required tremendous patience and a focus on their edge.
And more patience. More sharpening of the edge. And then a little more of both after that.
The Nuggets organization knew they were building a winner. But it would take time. Time for the stars to develop. Time for injuries to heal. Time for missing pieces to be added. And time for the stars to align.
And while the rest of the basketball world was focused on sexier teams on the coasts, the Nuggets were quietly building a juggernaut – a nearly 10-year overnight success story that began taking shape following the drafting of Nikola Jokic from Sombor, Serbia (where?) in 2014 and Jamal Murray from Kitchener, Canada (where?) in 2016.
What gave the Nuggets the fortitude to press forward? [Read more…]
[12/4: updated stop to 107]
We’ve been talking a lot lately about the number of stocks setting up to play “catch-up” to this bull market that is only just now starting to get the attention it deserves, in spite of it being nearly 8 months old now, by our measures.
Today’s trade is in another one of these setups that continue to work for us ($CAT and $IWM are great, recent examples).
I have a feeling there will be a large segment of the trader population that hates this trade. And that is precisely why I think it has a good chance of working.
It’s Friday. It’s late in the day. I won’t waste your time with a long preamble. Let’s get right to it.
As the bull market in stocks continues, the lifeblood to keep the ball rolling is sector rotation.
We’re already seeing some of the big caps that have driven the first leg of this run start exhibiting signs of overexertion (check out $GOOG today).
It makes sense to us that stocks further down the cap scale are going to start asserting themselves and perhaps in some cases play “catch up” to their big brothers.
Today’s trade is in a cyclical name in the Logistics space. [Read more…]
It appears to me the broader markets have declared their intention to rally this summer. As such, I want to be positioned to take advantage.
And what better way to position for a summer rally than in a company with exposure to solar energy projects?
I love it when the stars align.
