JC Parets, who holds a Chartered Market Technician (CMT) designation, is the founder of All Star Charts and is one of the most widely followed Technical Analysts in the world. All Star Charts is a research platform for both professional and retail investors covering US and International stocks, interest rates, commodities and forex markets.
JC’s work has been featured regularly on Bloomberg, CNBC, Fox Business, ABC, CNN, Wall Street Journal and many other financial media outlets around the world. You will often see JC as a speaker at some of the top investing conferences; he has also been invited to speak at Harvard, Duke, NYU, University of Chicago and Hong Kong Baptist University, among other institutions, about Technical Analysis and Behavioral Finance. JC specializes in finding the most opportunistic risk vs reward propositions while at the same time bringing a top/down approach to the marketplace whose wide spectrum is rivaled by few.
In 2017, JC launched Technical Analysis Radio, a podcast dedicated to Technical Analysis and the Technicians who practice it.
When he is not looking at charts, JC enjoys playing and watching sports, good food and good wine. He splits time between New York City, Miami and Sonoma Valley but also does his best to travel the world speaking to investors from different cultures always striving to become a wiser investor.
I just got back from a week in Disney with a 4yr old and twin 2yr olds. Wow what a workout!
The experience further reiterated why I'm long $DIS and why I'm going to buy more.
They got some racket going down there in Florida. $12 hot dogs? $15 popcorn? And lines around the corner with people waiting to buy them?
That's some hustle they got. Good for them.
The way I see it, if you can't beat 'em, join 'em right? You can get frustrated by the money suck if you want, or you can be a shareholder and profit right along with them. I chose the latter when I got back from this Disney trip a year ago.
But let me tell you this, the $12 hot dogs and $300 princess dresses are NOT why I'm long the stock.
It's that the republicans hate it. They don't like how "woke" the company has gotten.
And since we know that humans have a hard time separating a company and a stock, there is money to be made here by exploiting those who let their politics and "morals" influence their decision making in public markets.
This year's Santa Claus Rally Period starts on Tuesday.
To clear up any confusion, the official period for the annual Santa Claus Rally includes the last 5 trading days of the year and the first 2 of the following year, for a total of 7 days.
Since 1950, the S&P500 has averaged a 1.3% gain during this period. And if you want to take it back further, since 1928 we've seen an average gain of 1.6%. This compares to just a 0.2% gain for any other random 7 day period throughout the rest of the year.
Every year is slightly different, depending on which days Christmas and New Years fall on the Calendar.
The last 5 days of 2024 begin this Tuesday December 24th. And the first 2 days of next year include January 2nd and 3rd. So the official 7 day period this year goes from December 24th - January 3rd.
And while traditionally, this is a much more bullish time of the year, compared to other periods, the bigger concern is if Santa doesn't show up.