Sector rotation is the lifeblood of a bull market.
I would encourage you to go back and study every bull market in history. Do you know what you’ll find?
Sectors rotating.
And this bull market is no different. [Read more…]
Expert technical analysis of financial markets by JC Parets
by JC
Sector rotation is the lifeblood of a bull market.
I would encourage you to go back and study every bull market in history. Do you know what you’ll find?
Sectors rotating.
And this bull market is no different. [Read more…]
by JC
This is the video recording of our December 4th Monthly Charts Live Strategy Session
by JC
Remember when they told you Black Monday was coming?
Remember how the yield curve was the greatest indicator of recessions and bear markets ever?
How about that time they told you a war was a bad thing for stocks?
The best one was how they told you that market breadth was weak. “It’s only 7 stocks, JC”, lol.
None of the people telling you these things actually took the time to count how many stocks were going up.
If they had, then they wouldn’t have to tell you fairytales about recessions and credit events.
As it turns out, November was one of the greatest months in stock market history: [Read more…]
by JC
“If people weren’t wrong so often, we wouldn’t be so rich” – Charles Thomas Munger
R.I.P. Legend.
Charlie, of course known for his fundamental analysis alongside Warren Buffett all these years, was a closet Technician at heart.
His analysis of human behavior was top notch, particularly misbehavior and stupid behavior.
His comment to Warren about the reason they were so rich was because people are so often wrong, was spot on.
If you’ve been paying attention, we use this to our advantage quite a bit.
For example, twelve months ago Wall Street strategists forecasted an outright fall for stocks in 2023, the first time this century that they had predicted a loss… [Read more…]
by JC
It’s amazing when you think about it.
The stock market is having a historic year. The S&P500 is up over 20% so far, with one of the best months of the year still ahead.
The Dow Jones Industrial Average is just 2% from new all-time highs.
And the Nasdaq100 got off to its best start to a year in history, and has already returned over 46% for 2023.
What’s odd is that with all this good news, investors are still sad.
It’s hard to quantify sentiment data, but I think we do as good of a job as anyone else out there.
When you aggregate all the data and include a variety of different polls and indicators, somehow investors are still extremely pessimistic: [Read more…]
by JC
Think about it. We were told there was a crisis.
We were promised a recession that could come at any minute.
Inflation was going to destroy the financial system.
Instead, European Banks are making new 52-week highs.
I’m old enough to remember when European Banks used to sell off during a crisis.
So if this is a bear market or some kind of credit event situation, investors sure have a funny way of showing it. [Read more…]
by JC
I can’t think of any organization or group of individuals who have had a bigger impact on my life than the CMT Association.
Yes, the things I’ve learned and friends I’ve met over the years certainly helped my career. That’s undeniable.
But at this point, it’s fair to say that this organization and its members have transcended business and have really had a huge influence on my entire life.
So to be invited to speak at the New York City chapter of the CMT Association is a huge honor, especially for me and my family.
I would encourage you to do everything in your power to join us on Wednesday December 6th down in lower Manhattan.
by JC
Last night was our LIVE Mid-Month Strategy Session. It was probably one of the most important Live Conference Calls we’ve ever held.
It’s odd because we’re in the middle of a raging bull market, but it feels that almost no one is participating in it.
Just look around. Over the past 18 months people have told me how crazy I am for buying stocks. But you know, it’s been really rewarding buying stocks.
It’s the selling of stocks that has generally not worked out very well for investors.
But what do we do now, as we enter the early stages of the most bullish time of the year? [Read more…]