Expert technical analysis of financial markets by JC Parets
From the Desk of Ian Culley @IanCulley
The NYSE might be closed today, but futures markets are open.
And while the volume remains low during US trading hours, it hasn’t stopped Gold futures from revisiting a critical level.
Gold currently challenges a price level engrained in goldbugs’ minds worldwide…
The prior commodity supercycle peak!
From the Desk of Steve Strazza @Sstrazza
Welcome to our latest Minor Leaguers report.
We’ve had some great trades come out of this small-cap-focused column since we launched it back in 2020 and started rotating it with our flagship bottom-up scan, Under the Hood.
For the first year or so, we focused only on Russell 2000 stocks with a market cap between $1 and $2B.
That was fun, but we wanted to branch out a bit and allow some new stocks to find their way onto our list.
We expanded our universe to include some mid-caps.
To make the cut for our Minor Leaguers list, a company must have a market cap between $1 and $4B.
And it doesn’t have to be a Russell component — it can be any US-listed equity. With participation expanding around the globe, we want all those ADRs in our universe.
The same price and liquidity filters are applied. Then, as always, we sort by proximity to new highs in order to focus on the best players.
But, instead of all-time highs, we’re sorting by 52-week highs these days, as we don’t want to discriminate against energy or other cyclical stocks.
The goal is still to catch the strongest names while they’re small and have serious upside potential. If any of these stocks ever climb the ranks to the big leagues, the returns could be huge.
We’re looking at up to 10x moves just to break into large-cap land!
Let’s dive into this week’s report and see what’s happening in some of the hottest stocks in the Minor Leagues.
This is the weekly post that aggregates all the charts we put together throughout the week and organizes them all into one, easy to flip through deck.
It’s the weekly commodity edition of What the FICC?
As a responsible investor, I refuse to ignore strength. That includes stocks making fresh highs, especially when they’re bellwethers!
Check it out!
On Tuesday of this week I was in the city for a few meetings, so I dropped by Fox Business to chat with my old pal Liz Claman.
Her and I have been doing this dance together for over a decade.
She’s one of the best in the business and we always have a great time.
Liz knows me well by now so there’s no gossiping about the Fed with me.
It was all about explaining how we’re already entering Month #8 of this ongoing Bull Market for stocks. [Read more…]
