We’re shorting bank stocks now too.
More details on that below.
But first…
Expert technical analysis of financial markets by JC Parets
by JC
We’re shorting bank stocks now too.
More details on that below.
But first…
Breaking News: “Dow Futures fell 100 points and the VIX rose this Friday on news of new all-time highs for the stock market”
The breadth continues to deteriorate with every week that goes by.
You notice? [Read more…]
From the Desk of Steve Strazza @Sstrazza
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.
by Ian Culley
From the Desk of Ian Culley @IanCulley
It’s time to turn our attention to the energy space.
The same market conditions that favored energy in Q3 of last year are brewing.
Interest rates are rising. King Dollar is refusing to step aside.
And energy contracts – especially crude oil – are entering a historically strong period of the year.
by Ian Culley
From the Desk of Ian Culley @IanCulley
Whenever a fellow parent asks what I do, I tell them I comment on interest rates.
I’m not involved in the semiconductor industry or the AI revolution. I don’t rob community banks (a personal favorite, despite mixed reactions). And I certainly do not analyze fixed-income, forex, and commodity markets (that’s a show-stopper).
The only thing people want to know these days – whether they’re navigating Wall St. or Main St. – is where rates are headed.
But no one seems to be listening to the one person who has a direct impact on the direction of US Treasury yields…
From the Desk of Steve Strazza @Sstrazza
When investing in the stock market, we always want to approach it as “a market of stocks.”
Regardless of the environment, there are always stocks showing leadership and trending higher.
We may have to look harder to identify them depending on current market conditions. But there are always stocks that are going up.
The same can be said for weak stocks. Regardless of the environment, there are always stocks that are going down, too.
We already have multiple scans focusing on stocks making new highs, such as Hall of Famers, Minor Leaguers, and the 2 to 100 Club.
We filter these universes for stocks that exhibit the best momentum and relative strength characteristics.
Clearly, we spend a lot of time identifying and writing about leading stocks every week, via multiple reports.
However, we’re also highlighting lagging stocks on a recurring basis.
by JC
Market breadth can be a funny thing.
People think it’s easy. People think they can just pull up some indicator and it’s always going to tell them whether market breadth is good or bad.
But that’s not how it works. Some indicators are more valuable in certain environments than others. [Read more…]
by Ian Culley
From the Desk of Ian Culley @IanCulley
King Dollar reigns supreme, and its near-term rally shows no sign of slowing.
What can you do about it?
You can profit from it.
Today, I’ll share with you three tactical setups for dollar strength. And they’re all close to triggering.
But, before I outline the trades, let’s look at the relationship between the dollar and stocks…
by JC
Another day goes by in the market, and more selling came in.
Investors are making a habit of this whole selling thing.
You notice?
In yesterday’s trading we saw the fewest amount of stocks in longer-term uptrends since mid-December. We also had the fewest stocks in short-term uptrends since mid-November.
You may not see the selling pressure as much at the index level, but for those of you who actually take the time to count what the stocks themselves are doing, you know.
Take a look at the new highs list, essentially non-existent throughout the month of January, even with the S&P500 and Dow hitting the highest levels ever.
You can also see the divergences in Consumer stocks, Small-caps and Emerging Markets currencies: