Last year Sean and I flew out to Tokyo looking for Japanese Candlesticks.
Here’s what we found…. [Read more…]
Expert technical analysis of financial markets by JC Parets
by JC
Last year Sean and I flew out to Tokyo looking for Japanese Candlesticks.
Here’s what we found…. [Read more…]
by JC
Every month we get a fresh batch of Monthly Candlesticks. It only happens 12 times a year.
I promise you guys from the bottom of my heart that there is no other part of my entire process that provides as much value and information as my monthly chart review. Premium Members can access the Chartbook here. Stay tuned as we’ll be adding more workbooks of charts this week to the Chartbook section.
In the meantime, my friend Josh Brown and I have been doing these short monthly videos since the summer. They’re fun and I like how he pushes back against me sometimes. In other interviews they make it too easy on me. I like these!
This month we talk about the breakout in Biotech, Market-cap rotation into Small-caps, European Stocks performing well and what we’re doing about Gold & Bitcoin.
Here’s this month’s video in full:
by JC
This is the video recording and slides from the All Star Options Monthly Conference Call: December 3, 2020.
by JC
This week on Happy Hour w/ Traders, I sit down with venture capitalist Howard Lindzon. He’s a Tech investor, or that’s what it feels like from my perspective. So my question was how he invests when money is rotating out of large-cap tech and into other areas?
This sparked an interesting conversation about using today’s tools to generate new ideas, even if they’re out of your wheelhouse. We have a massive community and new tools at our disposal that investors before us never had. Let’s be grateful, and let’s take advantage!
Here’s the video in full:
by JC
This is the video recording of our December 1, 2020 Monthly Charts Live Strategy Session
by JC
Today a conversation came up about whether Gold is an “investment” but Bitcoin is just “Speculation”.
Come on…
Let’s be serious. One is a useless rock and the other is an almost useless currency. Both of these are speculations. Both of these can be considered “investments”. But the only reason to buy either of these is because you think someone else will pay you more for it in the future.
If you don’t think a greater fool will pay you more down the road, there’s no reason to own either of them.
On another note, the behavior we’re seeing in both of these is eerily similar. Keep in mind, since earlier this year we were bullish on both of them, betting that Bitcoin and Gold would trade much higher. Our targets? The former all-time highs: Gold’s 2011 peak and Bitcoin’s 2017 peak.
Mission accomplished. Great trades! Since then, they’re someone else’s problem.
Look at both of these and tell me they’re not behaving exactly the same. Granted, on different time horizons, but as they say, “The markets are fractal”, meaning that you’ll see the same behavior patterns across timeframes.
[Read more…]
by JC
I’m not sure if you’ve heard, but stocks as an asset class are in a strong uptrend.
As we mentioned on Saturday, more and more stocks, sectors, and countries are making new highs, not fewer of them.
The most telling chart I came across this weekend has to be The Global Dow Index breaking out of a multi-year base to new all-time highs: [Read more…]
by JC
It’s nothing new for us who keep track of this stuff regularly. We’re seeing a lot of new highs. In fact, we saw more new highs in November on both the New York Stock Exchange and the Nasdaq than we’ve seen since early 2018.
We’re not seeing deterioration in breadth, like we saw in January/February 2020. We’re seeing expansion of breadth. We’re seeing more participation, not less. More countries are breaking out to new highs, not fewer. These are all characteristics of bull markets and uptrends, not bear markets and downtrends.
They keep telling me that Tech and Discretionary and Communications are no longer participating. But then when you look at the small and mid-cap indexes of those sectors, they’ve been breaking out to new highs. But now, just to really piss off the permabears, the large-cap indexes are breaking out as well: [Read more…]