This is the video recording of the September 2018 Conference Call for Members of All Star Options [Read more…]
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.
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:
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…]
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.
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…]
From the desk of Tom Bruni @BruniCharting
On May 1st we spoke about seasonality and why the traditional “Sell In May and Go Away talk is a great headline, but not a great investment strategy this year. While most think that seasonality data is useful to position ahead of what are typically weak or strong periods, we find that the real signal occurs when the market does not adhere to its historical patterns. Now that we’re a bit more than half way through the seasonally weak May-October period, we thought it’d be helpful to look at the market’s performance thus far and see what it could possibly mean for the rest of the year.
I live in a funny world where I can just write some things on my phone or computer and people all over the world begin commenting on it. These conversations can last for months, even years. Those who know me understand that I try to do my very best everyday to look at the market as nothing but letters and math. It shouldn’t matter whether we’re long Apple or short soybean futures.
Some assets strike a cord with people and make them feel differently. There is usually a popular figure involved or hot product and sometimes even conspiracy theories. It’s fascinating to watch. Gold is definitely one of those. The crazies come out whenever you mention gold, bull or bear doesn’t matter. Natural Gas used to be like that 12-15 years ago, but not since it lost 90% of its value over the past decade. This one is the bitcoin of energy.
Over the years, things like Apple and Tesla have had some cult followings in their stocks too. But most recently it’s been $TSLA and the fact that they get to gossip about elon musk to get them away from writing about trump every day. Everyone wins. I saw an opportunity about two and a half months ago to purchase shares of $TSLA after the completion of, what I felt, was a failed breakdown, which in my experience often leads to very fast rallies in the opposite direction. [Read more…]