Not sure if you got the memo, but this is still a Bull Market in stocks.
That hasn’t changed.
Just to be clear.
And this, I think, is where defining who you are and your time horizon is really important. [Read more…]
Expert technical analysis of financial markets by JC Parets
by JC
Not sure if you got the memo, but this is still a Bull Market in stocks.
That hasn’t changed.
Just to be clear.
And this, I think, is where defining who you are and your time horizon is really important. [Read more…]
by JC
What a month for investors!
My understanding is that due to higher inflation, February now has 29 days.
And so here we are: March 1st.
You know what that means?
New Monthly Charts are now available, and we’ll be going over it all together this Monday March 4th @ 6PM ET.
Premium Members can register for that here.
In the meantime, check out the monthly candlesticks for Crude Oil Futures. Look at this massive base above support: [Read more…]
by JC
One thing we’ve learned from well over 100 years of Tradfi, is that during bull markets the laggards catch up to the leaders.
We see the opposite during bear markets, where the remaining leaders end up catching down to the culprits that are already leading the way lower.
You see, with Bitcoin and Ethereum getting all the headlines with their new highs this month, Solana had been the largest crypto currency that was missing in action.
And well here you have it, Solana now joining the party, and being added to the new 52-week high list: [Read more…]
by JC
These are the registration details for our Live Monthly Candlestick Strategy Session for Premium Members of All Star Charts.
This month’s Video Conference Call will be held on Monday March 4th @ 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 evening: [Read more…]
by JC
There’s a lot happening in Crypto Markets right now, in case you hadn’t heard. Bitcoin just hit $64,000. We’ll talk about all that today at 2.
But even in traditional financial markets, you’re seeing massive rotation.
How many investors do you believe are prepared for a market environment where Crude Oil prices are going up and the S&P500 is falling?
We saw that exact rotation last summer and into the Fall. But that was just the appetizer. What are you going to do when the main course gets served? [Read more…]
by JC
A lot of the major US Stock Market indexes have been having a hard time making much progress this month.
That makes sense to me because there are simply fewer and fewer stocks that are going up in price.
It’s a market of stocks, after all right?
The way I learned it was, “Don’t fight Papa Dow”.
As you can see below, Dow Futures are at the same levels they were on February 2nd. We start March this Friday.
Also, you can see momentum continue to roll over very aggressively, particularly as any new highs in the indexes failed to hold: [Read more…]
by JC
Did you see that Crypto Markets are now worth over $2 Trillion again?
And this trend is just getting started. [Read more…]
by JC
Remember when Apple was the most important company in the world?
Wasn’t that like just a few months ago?
How convenient that it is no longer relevant, now that the stock goes down in price every day.
Apple closed yesterday at the lowest levels since early November… [Read more…]