This week we’re looking for a long setup in the Consumer Goods Sector. FMCG is a defensive sector and tends to outperform the market in a broadly weak environment.
Let’s take a look at this name.
What Is The CNN Fear & Greed Index?
We analyze a lot of data here at Allstarcharts.
Stocks in the U.S. and around the world, Interest Rates both domestic and global, Commodities, Currencies and an infinite amount of Intermarket Relationships that help us identify trends across assets.
Price is what pays. Not just around here, but also for you reading this, as well as every other investor on the planet.
Nothing else is going to pay you.
So when it comes to “What is the best Technical Indicator?”
The answer is Price.
Now, in order to supplement our price analysis, we include things like Momentum and Breadth studies, Relative Strength, Sentiment, Seasonality, Volatility and a bunch of new tools and strategies that we continue to develop as markets evolve over time.
Sentiment can be a tricky one.
I think anyone who has been in markets for a while would agree.
The short answer is that there is NO single sentiment indicator that will tell you when to buy or sell stocks, or any other asset class for that matter.
Where Sentiment really stands out to me is when it is at a historic extreme, which by definition, is not very often.
Pretty much all the time, sentiment is somewhere in the middle, and not near extreme fear or near extreme greed.
We use things like the COT Report, Investor Intelligence, NAAIM, Consensus Inc, AAII, Social Media and other data we’ve gotten our hands on over the years.
There is no one indicator that tells us everything. The idea is to aggregate it all and turn it into a composite. The best in the business do this well. The worst in the business cherry pick whichever one fits their narrative.
Which brings me to today’s topic: CNN Fear & Greed Index. [Read more…]
What Happened This Week?
2 To 100 Club (08-18-2021)
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 bottoms-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, and Salesforce, to 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 that are 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.
New 8-month Lows for Nasdaq A-D Line
Follow The Flow (08-16-2021)
From the desk of Steve Strazza @sstrazza
This is one of our favorite bottom-up scans: Follow The Flow. In this note, we simply create a universe of stocks that experienced the most unusual options activity — either bullish or bearish… but NOT both.
We utilize options experts, both internally and through our partnership with The TradeXchange. Then, we dig through the level 2 details and do all the work upfront for our clients. Our goal is to isolate only those options market splashes that represent levered and high-conviction, directional bets.
We also weed out hedging activity and ensure there are no offsetting trades that either neutralize or cap the risk on these unusual options trades. What remains is a list of stocks that large financial institutions are putting big money behind… and they’re doing so for one reason only: Because they think the stock is about to move in their direction and make them a pretty penny.
Then we flip through our list of stocks flashing unusual activity and pick the best setups using many of the same technical filters we do for our other scans. And just like that, we’ll follow the money flow and fatten our own pockets along with some of the world’s most powerful financial institutions.
The Minor Leaguers (08-16-2021)
From the desk of Steve Strazza @Sstrazza
Welcome to our latest “Minor Leaguers” report.
We’ve already had some great trades come out of this small-cap-focused column since we launched it late last year and started rotating it with our flagship bottoms-up scan, “Under The Hood.”
To make the cut for our Minor Leagues list, a company must have a market cap between $1 and $2B. There are also price and liquidity filters. Then, we simply sort by proximity to new highs in order to focus on the best players.
The goal is to catch the strongest names while they’re small and still have serious upside potential. If any of these stocks ever climbs the ranks to the big leagues, the returns could be huge. We’re looking at 5-10x moves just to break into large-cap land!
Let’s dive into this week’s report and see what’s happening in some of the hottest stocks in the Minor Leagues. [Read more…]
[Premium] Trade Of The Week
This week we’re looking at a long idea in the IT space.
Let’s take a look at this name.
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