Was 2022 such a hard year in the market like the media keeps telling you?
Or was it just a normal year that was hard, because every year is hard?
I think about this a lot. [Read more…]
Expert technical analysis of financial markets by JC Parets
by JC
Was 2022 such a hard year in the market like the media keeps telling you?
Or was it just a normal year that was hard, because every year is hard?
I think about this a lot. [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
We’re officially half the way through this year’s Santa Claus Rally.
I like to check in on this one as it goes on because of the impact it’s had on past markets. [Read more…]
by JC
It’s a week full of trades!.
There are so many opportunities out there in this stock market that keeps on grinding higher.
The bulls continue to get rewarded throughout the back half of the year and we see no evidence of that slowing down.
Yesterday’s Long Tesla Call is setting up nicely.
Over in our Trading Room, we traded $TSLA from the long side both yesterday and already this morning, successfully both times.
The longer-term trade looks ready to trigger as well.
In the meantime, I bought this Micron $MU that I think also provides us with a favorable risk vs reward opportunity. [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 Tuesday January 3rd @ 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 Tuesday evening: [Read more…]
by JC
One thing I know about this time of the year is that whipsaws thrive.
We call it Whipsaw Hunting Season.
The lack of liquidity, and lack of interest due to other life priorities, creates over-extended and exaggerated moves that otherwise would not be allowed to occur under normal supply and demand conditions.
But since the b-squads are on the desks, you regularly get failed moves this time of the year that result in very fast moves in the opposite direction.
For some great examples see $GDX in December 2016 and check out $TLT in December 2013, among many others.
These were nasty failed moves that ripped the short sellers’ faces off into the new year.
We see these sorts of moves born around this time every single season. It’s perfectly normal market (human) behavior.
So as we go hunting this year, Tesla really stands out as a potentially great candidate. [Read more…]
by JC
You go on the twitter and all you see are people complaining about what a bad year this is for stocks, how bad the stock market is, recessions, bear markets, the Fed, blah blah blah.
I don’t understand. What’s everyone so angry about?
Stocks continue to do well. In fact, the back half of this year has been one of the better ones that we’ve ever seen.
Look how well most sectors have done since the market bottomed in June: [Read more…]
by JC
We tend to think in US Dollars.
And this is for good reason, don’t get me wrong.
The US Dollar is the world’s dominant reserve currency.
But what if we treated Gold like another currency instead of a commodity?
It certainly acts more like a currency. Just look at the recent moves in Commodities, both up and down. Gold hasn’t exactly followed along….
So if Gold wants to behave like a currency, maybe we should treat it like one.
Here’s Gold priced in some very important currencies. In other words, this is what Gold looks like if you remove your US Dollar bias: [Read more…]