Do you see something else here?
Massive tops? Check.
Lower lows? Check.
Lower Highs? Check. [Read more…]
Expert technical analysis of financial markets by JC Parets
by JC
Do you see something else here?
Massive tops? Check.
Lower lows? Check.
Lower Highs? Check. [Read more…]
by JC
On the this episode of Bearish or Bullish we talk about the Crypto Crash and how when Futures opened up on Sunday, they didn’t care. Stocks were actually up a little. That’s the market signaling to us that there is no systemic risk right now in Crypto. And we’re not even close.
That’s probably a good thing, and more bullish for the Crypto space considering how much larger it would need to get to really become intertwined with Stocks and Bonds, which combined are over $150T in market cap. Crypto is only 1.6T, just to put things in perspective.
We also discuss the latest Minor Leaguers Report which scouts the farm system for Small-cap stocks between $1-2B in market cap before they get called up to the Mid-caps ($2B+)
Relative strength in Bonds and European Banks. But is that sustainable? What should we expect?
All this and why Chardonnay is the world’s most versatile grape on the latest Episode of Bearish Or Bullish.
Enjoy!
by JC
They say that you shouldn’t kick someone when they’re down. But in the markets, that’s actually the best time to kick them, when they’re already down.
We call that “Relative Weakness”. When we’re shorting stocks, those are the ones we’re looking for.
In the case of Small-caps, they’ve been a heads up of a problem in the stock market since almost 3 months ago. They suggested stocks would struggle and would go sideways, at best.
And that’s exactly what we’ve seen. Many stocks and sectors going sideways, and a bunch of them going down.
BUT, if we’re going to go from Bad to Worse, then Small-caps are most likely the ones getting hit the hardest.
You can see in these breadth numbers that the internals in Small-caps have not been improving, they’ve actually been getting worse. [Read more…]
by JC
This is the video recording of the May 2021 Conference Call.
by JC
It’s always nice to sit down and talk about what the future is going to look like.
Currently, the largest hotel chain in the world doesn’t own any hotels (Airbnb). The largest taxi cab company in the world doesn’t own any taxi cabs (Uber).
Will the largest bank in the world not own any banks? Howard Lindzon says yes, “Banks aren’t dead, they’re walking dead”.
This was fun. I learned a lot.
It gives me more reason to keep an eye on opportunities in the Crypto Markets.
I’m a chart guy, as you’re all well aware. Price drives all of my decision making. But if you’re interested in what’s happening behind the scenes (I am), then this one is for you! [Read more…]
by JC
You know by the time the journalists get wind that things are good, it’s probably almost time for it not to be anymore.
We just saw the best 52-week period for stocks in over 75 years. You know what they were telling you the week that rally started? [Read more…]
by JC
What do you want from me?
Do you want me to tell you that it’s just all rainbows and butterflies?
Is that why you come here?
Or is it because you know I don’t give a shit, and I’m just going to give it to you straight every time?
So here’s the deal.
We had a heck of a run. That was one of the best 1-year returns of all time.
What more do you want?
Give it a rest. Let Year 2 play out and see if it’s like all those others. So far it’s exactly like them.
We’ve seen a ton of relative strength out of the Value areas of the market: Financials, Natural Resources, Industrials…
Those are the areas where we’ve wanted to be as money has rotated out of Growth.
But now our upside objectives are getting hit all over the place. We laid all that out 2 weeks ago in great detail.
And now the Dow Jones Transportation Average was down this week, for the first time since January. The consecutive streak officially ends at 14 weeks of gains. [Read more…]
by JC
These are the registration details for our live monthly conference call for Premium Members of All Star Charts.
This month’s Conference Call will be held on Monday May 24th at 6PM ET. As always, if you cannot make the call live, the video and slides will be archived and published here along with every other live call since 2015.
Here are the details for Monday night: [Read more…]