This is the video recording of the November 2020 Conference Call.
RPP Report: Review. Preview. Profit. (11-13-2020)
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 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’ve explained how we continue to see the weight of the evidence shifting in favor of the bulls with each passing week.
We can finally say we’re no longer in a split market environment. Instead, we see a market supported by strong internals where the bias is clearly higher for equities and risk-assets alike.
After the prior week’s resurgence from the Tech/Growth trade, as well as new highs from many of the major sectors and indexes, this week showed a strong rotation back into cyclical groups.
I know we’ve discussed the potential for some serious sector rotation before. But we haven’t seen such a strong week from economically sensitive groups like this just yet.
World’s Most Important Stock Index Makes All-time Highs
The Dow Jones Industrial Average just went out at new All-time weekly closing highs. The way I learned it was that, “We Don’t Want To Fight Papa Dow”.
One thing we know for sure about new All-time highs is that they are NOT a characteristic of a downtrend. When you go back and find all the best downtrends ever, you’re not going to find many new all-time highs in those trends. In fact, you won’t find any.
And as a public service announcement, if you’re one of those people who approaches life with the mentally that all downtrends start with new all-time highs, please unsubscribe. You’re clearly not listening to anything I’m saying and it’s probably just better that you go away.
For the rest of you who finished 3rd grade math class successfully, here’s the chart of the Dow Jones Industrial Average making new all-time highs: [Read more…]
Under The Hood (11-13-2020)
From the desk of Steve Strazza @Sstrazza.
Welcome to our “Under The Hood” column for the week ending November 13, 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.
Happy Diwali – Investors Celebrate With New All-time Highs
My Fundamental Analysis on Domino’s Pizza
This week we were focused on the Travel, Leisure & Entertainment stocks. One name that keeps coming up on our scans is Domino’s Pizza.
It’s been a homerun since showing all that relative strength back in February and March. It was even part of our Coronavirus Index. But I think it’s now time for another leg higher to get going.
If $DPZ is above 370, we want to be long with a target up near 600. You can find our analysis on the space here.
Here’s my attempt at Fundamental Analysis on Domino’s. How’d I do? [Read more…]
[Premium] Details For November 2020 Conference Call
These are the registration details for our live monthly conference call for Premium Members of All Star Charts.
This month’s Conference Call will be held on Monday November 16th at 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: [Read more…]
High Time We Check On Pot Stocks
It’s high time we checked in on the Marijuana stocks since our last update was in July.
Before we start, just want to give a big h/t to our intern @GrantHawkridge for helping out bigly with this research and post.
Some might even call this post a…JOINT venture.
We’ll be here all week.
Now, let’s get into the charts. [Read more…]
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