Bitcoin is celebrating American Independence day by falling over $3000 in overnight trading.
That’s over a 20% correction in less than a month. [Read more…]
Expert technical analysis of financial markets by JC Parets
by JC
Bitcoin is celebrating American Independence day by falling over $3000 in overnight trading.
That’s over a 20% correction in less than a month. [Read more…]
by JC
The rotation into Consumer Discretionary is happening.
And isn’t this exactly what we’ve always seen in bull markets?
You buy the pull back in the offensive sectors during bull markets.
That’s literally what the BTFD stands for.
This rotation into Consumer Discretionary has been exactly that – a BTFD moment.
Look at Tesla up 10% today and up 30% since we highlighted the trade right here 2 weeks ago. [Read more…]
by JC
Last night was the big LIVE Event that I host at the beginning of every month.
There is no better way to start a new month, and in this case a new quarter, than going one by one and identifying the direction of primary trends for the world’s most important stocks and assets.
Just for perspective, here are the S&P500 and Nasdaq100 Quarterly Candlesticks making new all-time highs, again.
As you can see, these are the types of things you tend to see in bull markets. You do NOT see them in bear markets. [Read more…]
by JC
This is the video recording of our July 1st Monthly Charts Live Strategy Session
by JC
This past February the market was running hot!
Too hot.
We saw some of the most bullish sentiment readings in years. And this sentiment came after a historic rally for equities throughout the 4th quarter last year that couldn’t miss. Everything was working.
But things can’t just go up forever. They need to rest eventually, and reset some of that excessive optimism.
That’s exactly what happened.
Despite some of the growth indexes making new highs, a lot of the most important groups of stocks have done absolutely nothing since February.
Look at Consumer Discretionary, Financials, Industrials and Healthcare trading sideways to down this entire time: [Read more…]
by JC
I’m being told that the Consumer is dead and can’t afford anything.
That’s why “it’s only the high end retail” that is doing so well….
Take Williams-Sonoma for instance. It’s harder to afford the things they sell at this place: [Read more…]
by JC
The price of Biden’s namesake memecoin Jeo Boden is down 45% overnight since the debates.
Not surprising to see this token pushing all-time lows.
Meanwhile, in Tradfi, the price of the Trump Media Warrants are pushing new all-time highs.
Notice how much stronger the Warrants have been compared to the common stock: [Read more…]
by JC
This is a big deal for me.
Those of you who know me well already know.
Tomorrow is the last day of June. So do you know what that means????
NEW MONTHLY CHARTS!!!!
If you’re new around here, I will just tell you that there is NOTHING, and I mean absolutely NOTHING, I do that adds more value to my approach than this process of taking a step back and reviewing a list of Monthly Charts.
It’s so easy to get lost in the day to day noise of the markets…. What did the Dow do today? What did the Powell say? Who reported earnings this morning? etc etc…
I have found over the years that it is so important to just stop, take a deep breath, and focus on the direction of the primary trends.
The reason is because asset prices trend. They’re not random. We know this. It’s just a fact.
So if we know for a fact that asset prices trend, don’t you think it would be advantageous to identify the direction of those trends?
As it turns out the answer is an overwhelming YES!
Here’s a good example of the Nasdaq going back 25 years. [Read more…]