Expert technical analysis of financial markets by JC Parets
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.
From the Desk of Steve Strazza @Sstrazza and Alfonso Depablos @AlfCharts
Our Hall of Famers list is composed of the 150 largest US-based stocks.
These stocks range from the mega-cap growth behemoths like Apple and Microsoft – with market caps in excess of $2T – to some of the new-age large-cap disruptors such as Moderna, Square, and Snap.
It has all the big names and more.
It doesn’t include ADRs or any stock not domiciled in the US. But don’t worry; we developed a separate universe for that. Click here to check it out.
The Hall of Famers is simple.
We take our list of 150 names and then apply our technical filters so the strongest stocks with the most momentum rise to the top.
Let’s dive right in and check out what these big boys are up to.
From the Desk of Ian Culley @IanCulley
It’s getting busy in the commodities space.
Live cattle posted a new all-time high last month. Precious metals are gearing up for a potential rip-roaring rally, as gold retested all-time highs yesterday. And sugar futures refuse to quit.
But when I review my commodity charts, I notice more topping formations underway than bottoming patterns.
Crude oil is front and center as the energy space – commodities and stocks – remains one of the weakest areas of the market.
That’s why yesterday’s action in crude has my full attention…
From the Desk of Ian Culley @IanCulley
Fed Chair Jerome Powell has spoken…
And not much has changed. Rates churn sideways as bonds carve out tradeable lows.
The market is simply playing a new verse of the same old song.
But the tempo picks up as another antagonist enters the scene – regional banks!
