We’re shorting bank stocks now too.
More details on that below.
But first…
Expert technical analysis of financial markets by JC Parets
by JC
We’re shorting bank stocks now too.
More details on that below.
But first…
Breaking News: “Dow Futures fell 100 points and the VIX rose this Friday on news of new all-time highs for the stock market”
The breadth continues to deteriorate with every week that goes by.
You notice? [Read more…]
by JC
Market breadth can be a funny thing.
People think it’s easy. People think they can just pull up some indicator and it’s always going to tell them whether market breadth is good or bad.
But that’s not how it works. Some indicators are more valuable in certain environments than others. [Read more…]
by JC
Another day goes by in the market, and more selling came in.
Investors are making a habit of this whole selling thing.
You notice?
In yesterday’s trading we saw the fewest amount of stocks in longer-term uptrends since mid-December. We also had the fewest stocks in short-term uptrends since mid-November.
You may not see the selling pressure as much at the index level, but for those of you who actually take the time to count what the stocks themselves are doing, you know.
Take a look at the new highs list, essentially non-existent throughout the month of January, even with the S&P500 and Dow hitting the highest levels ever.
You can also see the divergences in Consumer stocks, Small-caps and Emerging Markets currencies:
by JC
This is the video recording of our February 5th Monthly Charts Live Strategy Session
by JC
The market wasted no time starting to sell off in the month of February.
Remember, this is historically one of the worst months of the year to own stocks.
Also, the best 3 month period of the year (Nov-Jan) just came to an end.
So if stocks weren’t selling off, that would be weird. [Read more…]
by JC
Stocks move first, and then the indexes follow.
It’s a market of stocks, remember?
And while the S&P500 may have just had its 4th consecutive weekly gain of at least 1%, the stocks themselves are NOT doing that. [Read more…]
by JC
There’s nothing like a good rug pull.
Especially when I’m able to make money from it. [Read more…]
by JC
February is one of the worst months of the year to own stocks.
Is that why we’ve been seeing all this rotation into defensive sectors?
Think about it, we haven’t seen any rotation at all into Consumer Staples this entire bull market.
Until now.
And if you go back and study the history of bag holders, you’ll notice that they love buying stocks when Consumer Staples finally start to become leaders.
This is classic rotation you see quite often ahead of a tough time for the market: [Read more…]