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All Star Charts

Expert technical analysis of financial markets by JC Parets

Under The Hood (10-18-2021)

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From the desk of Steve Strazza @Sstrazza.

Welcome back to our latest “Under The Hood” column, where we’ll cover all the action for the week ended October 15, 2021. This report is published bi-weekly and rotated with our “Minor Leaguers” column.

What we do here is analyze the most popular stocks during the week and find opportunities to either join in and ride these momentum names higher, or fade the crowd and bet against them.

We use a variety of sources to generate the list of most popular names. There are so many new data sources available that all we need to do is organize and curate them in a way that shows us exactly what we want: a list of stocks that are seeing an unusual increase in investor interest.

Watch this video for a “behind the scenes” look at our process.

Whether we’re measuring increasing interest based on large institutional purchases, unusual options activity, or simply our proprietary lists of trending tickers, there’s a lot of overlap.

[Read more…]

This Week’s Watchlist: Asset Shortage

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There is more money being allocated to risk assets than there are risk assets to feed that demand.

It’s not about the Fed, or the Trump or the COVID.

Prices go up when there’s more demand than supply for assets. And that’s what we see.

Here’s exhibit A. Crude Oil is making new 7-year highs.

And why do you think that is happening? Is it because there’s more supply of oil than there is demand for it? Or is it because there is more demand than supply? [Read more…]

Filed Under: ASC

[Options] My Favorite Strategies: Short Strangles

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(While on vacation until Oct 26th, I’m going to be sharing some anecdotes on my favorite trading strategies: why I use them, when, and how I manage them once they are on.)

The majority of trades we do here with All Star Options tend to be directional in nature. And why not? We’re leveraging best-in-class technical analysis to give us an uncommon edge to participate in emerging and/or continuing trends. And if we know anything as Traders, we know that if we have an edge, we should attempt to execute against that edge as often as possible.

Meanwhile, I recognize there is an entire cottage industry around “selling options premium” and for good reason — it works! That doesn’t mean it always works nor does it mean it’s easy. I just don’t like to make it my only thing.

That said, one of my favorite strategies is to sell premium via Short Strangles. [Read more…]

What Bubble?

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I agreed to give a presentation Saturday morning about Crypto Currencies.

But if you’ve seen me walk through my charts in the past, you know I have a hard time sticking to one asset class.

If we’re talking about stocks, how can we do that without talking about the bond market?

If we’re talking about Commodities, how can we have a serious conversation without including interest rates?

And if we’re talking about Crypto Currencies, how can we not include the bank stocks with Crypto exposure, who are benefiting from both rising crypto prices AND rising interest rates?

Well, that’s what happened Saturday morning.

A conversation that was supposed to be about Crypto, turns into an all out blitz of rising asset prices due to an asset shortage that we’re seeing worldwide.

The reason risk assets are going up in price has nothing to do with the economy, or the federal reserve or who the president is…. [Read more…]

Filed Under: ASC

International Hall Of Famers (10-15-2021)

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From the desk of Steve Strazza @Sstrazza

Our International Hall Of Famers list is composed of the 50 largest US-listed international stocks, or ADRs.

These stocks range from some well-known mega-cap multinationals such as Toyota Motor and Royal Dutch Shell to some large-cap global disruptors such as Sea Ltd and Shopify.

It’s got all the big names and more — but only those that are based outside the US. You can find all the big US names on our original Hall Of Famers list.

The beauty of these scans is really in their simplicity.

We take the 50 largest names each week and then apply technical filters in a way that the strongest stocks with the most momentum rise to the top.

Let’s dive in and take a look at what some of the largest stocks around the world are doing.

[Read more…]

Confirmation From Dr. Copper

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From the desk of Steve Strazza @Sstrazza and Ian Culley @Ianculley

Copper was a critical piece missing from the intermarket puzzle heading into the fourth quarter.

Just last week, copper was testing year-to-date lows and looking vulnerable for a downside break. Meanwhile, energy futures and interest rates were rising, and cyclical and value stocks were getting back in gear.

The mixed signals were impossible to ignore. It’s not likely that the recent breakouts in crude oil and the US 10-year yield would hold in an environment where copper is breaking down.

Dr. Copper is a great leading economic indicator and critical to the global growth narrative. Let’s see what it’s saying. [Read more…]

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