Consumer Staples have been going up. Stocks like Costco, McCormick and Clorox have been ripping to new all-time highs. The Sysco in the Staples sector has even embarrassed Cisco in Technology. It’s been a nice run. The question here, however, is whether or not the strength in Staples is evidence of a flight to safety and whether we should be concerned about the overall market? This is a very important question and I want to walk you through my thought process. [Read more…]
Here’s What We See From The Monthly Candlesticks
This is easily the most valuable exercise I do each month. It takes me half an hour, just 12 times a year. It’s the best 6 hours I’ll spend in 2018. It helps eliminate the noise by forcing us to only look once a month. It brings us home, to the primary trend. It’s easy to get lost in the daily rhetoric. This part of the process helps us completely ignore that garbage and focus on what matters.
Here’s what we got this month: [Read more…]
[Options Premium] September 2018 Conference Call Video Recording
This is the video recording of the September 2018 Conference Call for Members of All Star Options [Read more…]
[Canada] REITs For The Sky
From the desk of Tom Bruni @BruniCharting
Last week I wrote about the Canada’s Energy markets to introduce our new Canadian Chartbooks (Major Sectors & Indices and TSX 60). In today’s post I want to focus on the Banking and REIT sectors, which are showing relative strength and continue to offer opportunity on the long side. Not to mention I’ve been itching to use this Toy Story pun as a title since JC hired me.
[Options Premium] Details For September 2018 Conference Call
This is the monthly conference call for Members of All Star Options. In this call we will discuss the current market environment and focus on price and volatility behavior. Throughout the session, J.C. Parets will add commentary on the technical outlook moving forward, and Sean McLaughlin will discuss the options strategies available to profit from the market activity.
This month’s Conference Call will be held on Thursday August 30th at 7PM ET. Here are the details for the call:
[Read more…]
This Week Is The 7th Inning Stretch
The Baseball-almanac calls the 7th Inning Stretch, “Perhaps the most mundane, yet physically rewarding moment of every baseball game”. Over time, I’ve learned to respect this time of the stock market calendar year in a similar manner. The timing of it is very close too, as we approach about 2/3 of the way through the game, or year in this case.
I’ve found that it’s a great time to reflect on the decisions we’ve made so far in 2018 and mentally prepare for the rest of the year. This period I’m referring to specifically is the week before Labor Day weekend and the week after. Things historically get back to normal around September 10th-11th. [Read more…]
[Options Premium] Taking Flight
Next up in the Bull Market Rotation Wheel of Fortune: Airlines.
The S&P 500 printed a new all-time high on Tuesday (Aug 21), so naturally we should expect a broadening spectrum of sectors and stocks participating to the upside. The airlines have been a bit of a laggard in the transportation sector, but appear as a whole to have put in an important base with many names starting to breakout to the upside.
We’ve got a play to take flight in one of the leaders.
US Stock Market Breadth Continues To Drive Stocks Higher
My favorite one lately is when the bears tell people that US Stock Market Breadth is deteriorating. It’s hilarious.
Their sorry excuse for a thesis has them suggesting that there are fewer stocks participating to the upside in the U.S. Stock Market, when nothing could be further from the truth. I’ve been pounding the table that we continue to see an expansion in participation, which is characteristic of an uptrend and we have wanted to be buying stocks very very aggressively. That has worked out well. See here, here, here, here, here, here and here.
The reason I keep bringing up breadth expansion, not contraction, is because it’s my job to constantly be reevaluating the data as it comes in. It’s incomprehensible to me that someone could think that breadth is deteriorating. What the hell are they looking at? [Read more…]
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