Energy has made new all-time highs and today we have a long setup from the same sector.
A big name has joined the races and we’re here to discuss just that.
Expert technical analysis of financial markets by JC Parets
by JC
Energy has made new all-time highs and today we have a long setup from the same sector.
A big name has joined the races and we’re here to discuss just that.
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 April 5th @ 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
It’s easy to get lost in the weeds.
As humans, we’re vulnerable to it.
So it’s important to understand the way our minds work and set up gates that can bring us back home, to what’s important.
In the case of trading and investing, being on the right side of the trend.
A great way to do that is by zooming out.
Here’s Bitcoin, for example, going back to 2014.
Doesn’t this give you a much different perspective compared to most Bitcoin charts you see? [Read more…]
by JC
We are almost done with the first quarter of the calendar year and the last quarter of our financial year. There are certain sectors that are peeping out from beneath the surface and hence attracting attention. Is this a theme we may see play out in the quarter going forward? Most likely. Most sectors have remained sideways or subdued in their move and they are finally picking a side!
Today we are here to discuss one such sector and some interesting setups that one could take advantage of.
Let’s see what’s on the roster sheet today.
by JC
It’s Saturday Morning Chartoons time.
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 do a lot of intermarket analysis here at Allstarcharts.
We include all asset classes and countries in our process.
How can we not?
I mean we have the time.
This is what we do.
And so, Australian dollar vs. Japanese yen has historically been a great indicator for me to measure risk appetite. That’s not just in the currency markets but, more importantly, in stocks and commodities as well.
So, take a look at what Bitcoin has been doing when compared to aussie/yen, one of my favorite intermarket relationships… [Read more…]
by JC
For this week’s trade, we’re putting on a GrowGeneration $GRWG January 7.5/15 Bullish Risk Reversal for a small net credit.
This means we’ll be selling Jan 7.5-strike puts short and using those proceeds to purchase an equal amount of Jan 15 calls
Get the full details, risk management procedures and targets for this trade here:
by JC
The question keeps coming up.
As it should.
“JC, do you think this bounce in Growth has legs?”
And the answer is that yes, I think it could. There are some nice trades in these beat up growth areas that have set up very nicely.
We discussed a few of these once again on Monday night.
But I believe this one really depends on your time horizon.
Can Growth outperform for a bit? Sure.
But do I think it can do that throughout the rest of the year?
No I don’t.
Here’s the Large-cap Growth vs Value in black, as well as the Small-cap Growth vs Value in Blue: [Read more…]