This week we’re looking at a long setup in the Services sector. With the move in the week gone by, there are only a few pockets of strength to track. And this is one of them.
Let’s take a look at this stock.
The Hall of Famers (10-22-2021)
From the desk of Steve Strazza @Sstrazza
Our Hall of Famers list is composed of the 100 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 which you can check out here.
The Hall of Famers is simple.
We take our list of 100 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.
But In Yen Terms….
If you take the US Dollar out of the equation, it’s a much different story for Gold.
While Gold continues to struggle below its 2011 highs, when priced in other currencies, it’s been consolidating well above those former highs. [Read more…]
The Outperformers
We debuted a new scan recently- The Outperformers.
The Outperformers is our newest scan that pinpoints the very best stocks in the market. It’s the fastest, easiest way to find quality names that are primed for major moves.
There’s Value Beneath the Surface
From the desk of Steven Strazza @Sstrazza and Grant Hawkridge @granthawkridge
September saw significant selling pressure in equity markets. The S&P 500 suffered its worst drawdown since last year, and many of the major indexes made a lower low. But when we look under the surface, it really wasn’t that bad.
We didn’t get an expansion in new lows to confirm the new lows in price. Instead, these readings remained muted across most of the major averages in the US.
Since then, the bulls have regained control. Breadth has improved throughout October as the indexes have rallied back toward their former highs. Although we haven’t seen a real expansion in participation at the index level, things have definitely been moving in the right direction.
Let’s talk about it.
October Conference Call: 5 Key Takeaways
From the desk of Steve Strazza @Sstrazza and Ian Culley @Ianculley
On Tuesday night we held our October Monthly Conference Call, which Premium Members can access and re-watch 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!
The Risk Revival
From the desk of Steven Strazza @Sstrazza and Grant Hawkridge @granthawkridge
Most risk assets peaked during Q1 or May of this year and have consolidated in sideways ranges ever since.
But the bulls have started to take control of many of these trends. We’re seeing more and more upside resolutions — and this phenomenon isn’t limited to Crude Oil, Rates, AUD/JPY, and cyclical stocks. Similar patterns are also playing out when we look at intermarket ratios, particularly those we use to measure risk appetite.
In today’s post, we’ll dive into one of our favorite risk-appetite relationships and check for price confirmation in a variety of ratios.
Buy In October and Get Yourself Sober
They love writing about ‘Selling in May and going away’.
Every year, they just can’t get enough of it.
But what about, “Remember to buy in November”?
Historically the best 3 month period of the year for stocks is from November through January.
As my pal Jeff Hirsch likes to say, “Buy in October and Get Yourself Sober”.
Here are all the seasonal cycles for the S&P500. The Green line includes every year since 1950 (1-year Cycle), the Blue line includes every year ending in 1 since 1951 (Decennial Cycle), and in Gray every post-election year since 1953 (Presidential Cycle): [Read more…]
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