Expert technical analysis of financial markets by JC Parets
From the desk of Tom Bruni @BruniCharting
We haven’t taken a look at the Marijuana sector in a while, so today I’m going to review where the sector stands on an absolute and relative basis…and which stocks we’re buying (if any).
Normally I’d have a pun or two here, but I’ve decided to take the high road and focus solely on the charts this time.
These are the registration details for the live monthly conference call for Premium Members of All Star Charts.
This month’s Conference Call will be held on Monday July 20th at 7PM ET has been changed to Tuesday July 21 at 7PM 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 Tuesday: [Read more…]
On this week’s show, I walk Howard through how to order my favorite pizza online and we discuss the price action in $TSLA and what that means for both the stock and the company.
This was fun. Check it out: [Read more…]
From the desk of Steve Strazza @Sstrazza.
Welcome to our latest edition of “Under The Hood.” Read more about it here.
In this column, we analyze the most popular Robinhood stocks over the trailing week and find opportunities to either join in and ride these momentum names higher, or fade the crowd and bet against them.
This week we have a handful of trade ideas on the long side in a number of names that continue to exhibit impressive relative strength.
Let’s dive into it. Here is this week’s list of most popular stocks, measured by net increases in Robinhood accounts that hold shares.
Sometimes, the generous idea guys at All Star Charts just happen across something that immediately catches their eye and they post it up quick on twitter.
Today Steve Strazza offered this up on Virtu Financial $VIRT:
This is Virtu Financial $VIRT, a HFT which benefits from the wider bid/ask spreads and higher volumes that accompany periods of heightened volatility… price is attempting to break out above its YTD highs ~26 pic.twitter.com/1ZmRO29QwS
— Steven Strazza (@sstrazza) July 16, 2020
That base, and the low volatility in options immediately caught my attention too. These are my favorite setups: Blue skies up above coupled with low vol.
So I’m keeping it simple and swinging for the fences. [Read more…]
From the desk of Tom Bruni @BruniCharting
Rotation is the lifeblood of any bull market, so what better way to use our “Chart of The Week” than highlighting the rotation into cyclical sectors that’s currently taking place.
This week on Happy Hour w/ Traders, I chat with 2 of the best in the business: Brian Shannon and Joe Fahmy. We’ve all been friends for a decade and I still learn from both of them every single time we talk.
The way I see it, I’m having these conversations anyway, so may as well hit record so you guys can learn from them the same way that I do.
Check it out!
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Jeff Macke is the guy I turn to whenever I have questions about the Consumer. Anything retail, restaurants, internet sales, he’s the one we want to listen to. Jeff and I have known each other for many years and are friends with a lot of the same people. Here’s an old clip I found of him and I talking about Gold & Silver back in January 4, 2012.
In this episode we talk about the restaurant stocks, pharmacies, which areas he wants to avoid and which ones he wants to own. He says the pair trade of the decade could very well be: Long Shaquille O’neil (Papa Johns $PZZA) and Short Kanye West (The Gap $GPS). This was a really fun conversation. I picked up some good ideas and had a few laughs.
I hope you enjoy!
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