Expert technical analysis of financial markets by JC Parets
Signals act as indicators for what’s to come or what we can expect. If you look closely, there are several signals that can be picked up from the market in order to stay ahead of the curve. A lot of analysis goes into arriving at the bottom of the funnel that is stock selection.
While the bigger trends are in place and their relative analysis helps us understand their strength and weaknesses, there are certain signals that can be picked up on a regular trading day as well.
This week we’re looking at a long setup in the Metal sector. Several stocks in this sector are performing well with our Outperformers scan throwing up another popular name last week.
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Early in February, we had published a post discussing the Adani Group and its targets as well as risk management levels.
Seeing as this particular solar system is completing rotations and revolutions rather quickly, we thought it would be a good idea to revisit these stocks and track the updated levels for the weeks and months ahead.
The weekend is when we open all our chartbooks and go through every chart in order to update or follow trends and sentiments as they build over the week. But sometimes, a few names pop up even before we hit the weekend research start button.
Today we will discuss two such names that seem to be displaying resilience in the market over the past couple of weeks.
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by JC
This is the video recording of our April 1, 2021 Monthly Charts Live Strategy Session
by Ian Culley
From the desk of Steven Strazza @Sstrazza and Ian Culley @Ianculley
I think we can all agree that the market is an absolute hot mess right now.
The Precious Metals complex is as good an example of this as any right now.
In this post, we’ll use this shiny group of commodities as a case study to illustrate the mixed signals we see not just here but in asset classes all over the globe these days.
It’s a major development, to say the least – so we’d be irresponsible not to monitor it closely as the way things resolve from here will likely have implications that span across markets, far and wide.
We’ll also provide an update of our post from earlier in the month whereby we outlined a trade idea in Gold Miners.
We published a post talking about how Chemicals were outperforming in the current market scenario. Another such group of stocks that have been performing well, is Cements. We published a post dedicated to Cement in December 2020, but it seems like the move has only started! More names are getting added to the ‘strong’ column so we thought we could revisit this sector again.
Are there any other stocks that have undergone any structural changes? Let’s find out.
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.
