It’s the weekly commodity edition of What the FICC?
Today we’re revisiting the prior cycle highs as crude, gasoline, and copper retest critical support.
Check it out!
Expert technical analysis of financial markets by JC Parets
by Ian Culley
It’s the weekly commodity edition of What the FICC?
Today we’re revisiting the prior cycle highs as crude, gasoline, and copper retest critical support.
Check it out!
by Ian Culley
From the Desk of Ian Culley @IanCulley
In late September, we highlighted the prior-cycle highs for the top commodity contracts.
The question was whether these levels would hold as support. So far, they have. But it’s two months later, and we’re asking the same question as those 2018 highs come into play again.
Let’s check back in on these critical levels of resistance turned support for clarity heading into year-end.
by JC
Bull Markets are a way to describe the environment.
Individual stocks do not enter “bull markets”. That’s not a thing.
In a bull market, more stocks are going up than going down. In bear markets you see the exact opposite. [Read more…]
by Ian Culley
Happy Thanksgiving, everyone!
There’s so much to be thankful for. And as investors and traders, we can all rejoice that bonds have stopped falling!
Here’s our weekly bond edition of What the FICC?!?!
by Ian Culley
From the Desk of Ian Culley @Ianculley
Bonds are bouncing off key levels of potential support.
For some, it’s a former low. And for others, it’s a downside extension level. Regardless, we can all rejoice that bonds have stopped falling.
That doesn’t mean we’re rushing out to buy Treasuries. Instead, it signals a constructive start to a potential bottoming process for the bond market and relief from downside volatility.
Let’s check out the charts!
From the desk of Steve Strazza @Sstrazza
Welcome to the 2 to 100 Club.
As many of you know, something we’ve been working on internally is using various bottom-up tools and scans to complement our top-down approach. It’s really been working for us!
One way we’re doing this is by identifying the strongest growth stocks as they climb the market-cap ladder from small- to mid- to large- and, ultimately, to mega-cap status (over $200B).
Once they graduate from small-cap to mid-cap status (over $2B), they come on our radar. Likewise, when they surpass the roughly $30B mark, they roll off our list.
But the scan doesn’t just end there.
We only want to look at the strongest growth industries in the market, as that is typically where these potential 50-baggers come from.
Some of the best performers in recent decades – stocks like Priceline, Amazon, Netflix, Salesforce, and myriad others – would have been on this list at some point during their journey to becoming the market behemoths they are today.
When you look at the stocks in our table, you’ll notice we’re only focused on Technology and Growth industry groups such as Software, Semiconductors, Online Retail, Solar, etc.
Then, like any good technician, we filter the list down to those closest to new highs.
This allows the cream of these strong groups to rise to the top and helps streamline our mission to identify technical breakouts in the top-performing stocks.
by Ian Culley
From the desk of Steve Strazza @Sstrazza
Monday night we held our November Monthly Conference Call, which Premium Members can access and rewatch here.
In this post, we’ll do our best to summarize it by highlighting five of the most important charts and/or themes we covered, along with commentary on each
Let’s get right into it!
After we got past sharing each others’ Thanksgiving dinner menus, wine pairings, and recipe swaps, the All Star Charts gang got back to business this morning hunting for trade ideas.
We arrived at today’s idea in a roundabout way:
“Discretionary stocks have been the ‘least shitty’ performers as of late.”
“We’re seeing relative strength in ‘da homies. [Homebuilders]”
“In that sector, Lennar $LEN is showing the best relative strength relative to the others.”
…and that is a taste of how the Thanksgiving sausage is made.
So let’s dig into some visuals to highlight what we’re seeing. [Read more…]