This is our ASC Research Q3 2021 Playbook.
- Stocks (International & U.S.)
- U.S. Sectors & Industries
- Market Breadth & Sentiment
- Commodities
- Currencies
- Intermarket Analysis
- Crypto Currencies
- New Trade Ideas
- Overall Strategy
[Premium] Monthly Charts Strategy Session July 2021
This is the video recording of our July 6, 2021 Monthly Charts Live Strategy Session
[Video] Yahoo Finance: Bitcoin, ARK Funds & Bank Stocks
This week I popped into Yahoo Finance to chat with their Technical Analyst Jared Bilkre.
We discussed the potential bottom in Bitcoin earlier this week. If Bitcoin is above 30,000 then a long position makes sense. But if it doesn’t, I think there’s probably good support at zero. Who knows how low it can go from there. But I won’t be in it, so it’s not my problem.
With the Nasdaq100 Equally-weighted Index flirting with a breakout near 110 and the ARKK ETF near 130, these are the critical levels we’re watching.
The Dow Jones Industrial Average, Dow Jones Transportation Average, Russell2000 Small-caps and Russell Micro-cap Indexes are all below overhead supply.
Messy for longer has been the pain trade and I think European Banks could be a big tell for the next direction of markets. We’re watching that $20 level on $EUFN.
[Premium] Monthly Conference Call Video Recording May 2021
This is the video recording of the May 2021 Conference Call.
Crypto Crashes. Now What?
From the desk of Louis Sykes @haumicharts and Steve Strazza @sstrazza
The Crypto space just experienced its worst day since the height of the Covid crash.
Bitcoin was down over 30% on an intraday basis, while Ethereum was almost cut in half.
We see this recent action aligning Crypto with what’s taking place throughout the market. Bulls have had a more challenging time in recent months, and risk assets are coming under increasing pressure.
Speaking to this topic, here’s what we outlined in a note earlier this week:
One more chart that I think is interesting is the Bitcoin / Gold ratio hitting it’s upside objective and reversing hard.
How many people are telling you to sell Bitcoin to buy Gold?
I don’t hear any at all….
If we’re below 36:1 in the ratio between Bitcoin and Gold, then we prefer Gold.
Of course, we had no idea a 30% crash was on the horizon… The conditions simply warranted owning defensive assets like Gold over Bitcoin. And this is something we’ve been seeing across asset classes all over the globe.
Long story short, the writing was on the wall – and after such a great run, it’s only normal to see some corrective action.
Cash & Champagne
What do you want from me?
Do you want me to tell you that it’s just all rainbows and butterflies?
Is that why you come here?
Or is it because you know I don’t give a shit, and I’m just going to give it to you straight every time?
So here’s the deal.
We had a heck of a run. That was one of the best 1-year returns of all time.
What more do you want?
Give it a rest. Let Year 2 play out and see if it’s like all those others. So far it’s exactly like them.
We’ve seen a ton of relative strength out of the Value areas of the market: Financials, Natural Resources, Industrials…
Those are the areas where we’ve wanted to be as money has rotated out of Growth.
But now our upside objectives are getting hit all over the place. We laid all that out 2 weeks ago in great detail.
And now the Dow Jones Transportation Average was down this week, for the first time since January. The consecutive streak officially ends at 14 weeks of gains. [Read more…]
Looking Beyond Bitcoin
From the desk of Louis Sykes @haumicharts and Steve Strazza @Sstrazza
Alt Season is still very much alive and well.
In February, we did a deep dive into the wide world of crypto assets outside of Bitcoin. This turned out to be quite timely as many of these “alt-coins” have booked significant gains in the time since.
It’s no longer just Bitcoin, Ethereum, Litecoin, and some others. There are thousands of cryptocurrencies out there now!
As this new asset class continues to grow and blossom, we continue to pay close attention to the leadership within the Crypto complex.
The Underachievers: Nasdaq & Bitcoin
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