The Nasdaq just went out last week at new 7-month highs.
Growth stocks are back.
But why?
Interest Rates are falling at a record pace.
And when you look at the intermarket relationships, it makes a lot of sense: [Read more…]
Expert technical analysis of financial markets by JC Parets
by JC
The Nasdaq just went out last week at new 7-month highs.
Growth stocks are back.
But why?
Interest Rates are falling at a record pace.
And when you look at the intermarket relationships, it makes a lot of sense: [Read more…]
by JC
US interest rates have fallen to their lowest levels since Q3 last year.
And with falling rates has come a consistent bid into Technology and growth all year so far.
That has driven the Nasdaq100 to its highest weekly close in 7 months: [Read more…]
by JC
This is the weekly post that aggregates all the charts we put together throughout the week and organizes them all into one, easy to flip through deck.
by JC
With Financials continuing to fall apart, we’re focused on the assets that are making new highs – Bitcoin and Gold being 2 of them.
I was on Fox Business yesterday talking about the importance of the 2007 highs in the Financials Index.
by JC
We don’t have bull markets without Financials.
Go back and check for yourself.
So this one, by definition, has to be the chart that matters the most.
Look at the Financial Sector Index currently retesting its former highs from before the Great Financial Crisis: [Read more…]
by JC
This is the video recording of the March 2023 Mid-month Conference Call.
by JC
The most impressive behavior the past few weeks has to be in Bitcoin.
You can also see the performance of things like RIOT, COIN and other Bitcoin related stocks.
The bullish action transcends the asset class.
Take a look at the recent bid in Bitcoin as it bounces off its prior cycles highs from 2017: [Read more…]
by JC
We saw a very respectable 1.4% rally in the S&P500 this week.
But the index is still stuck below overhead supply.
Nothing has changed.
This is specifically at the index level, of course.
You see, while many sectors were doing great throughout the back half of last year, Technology and other growth areas simply were not.
This held the S&P500 back.
In 2023 we’ve been seeing the opposite. [Read more…]