As markets start to (relatively) calm down, trading opportunities with clearly defined risk management levels are once again starting to reveal themselves.
One such opportunity is presenting right now in the semi-conductors space. [Read more…]
Chart Summit 2020: Speakers Announced!
Are you ready for Chart Summit this Saturday??? I’ve never been more excited to attend a financial conference in my life. And I don’t even have to leave my house!!! And it’s FREE. Are you kidding me?
THIS SATURDAY 3/28 8AM-6PM ET
ALL DAY!
And don’t forget, all donations go to help fight against the COVID-19 pandemic. We’ve partnered with Traders4ACause to put together the greatest financial conference of all-time. DONATE NOW
Check out this list of presenters!
Taking Cues From The QQQs
From the desk of Steve Strazza @Sstrazza
This week’s Mystery Chart exercise gives us a nice glimpse into the current sentiment amid the recent volatility, so thanks to all those who responded. The overwhelming majority of you we’re either selling or doing nothing, which comes as little surprise.
Many of you wanted to sell this chart aggressively and even cited the current market environment as part of you’re reasoning. But! The chart was inverted… so all those who were pounding the table to short it were actually buying the Nasdaq 100 (QQQ) relative to the Russell 3000 (IWV).
I’m curious to see how, if at all, this changes your perspective on the chart. Tweet me @sstrazza with your thoughts!
[Premium] Searching For Strength Through The Storm
From the desk of Steve Strazza @Sstrazza
In a post earlier this month, we scanned the S&P 500 for the strongest uptrends so that we’d be prepared to buy stocks when the market stabilized. Well three weeks and an additional 25% drawdown later, and we’re going to do a similar exercise.
The last two days’ rally in stocks confirmed bullish breadth divergences which suggest a tradeable bottom is near and put the S&P 500 back above its 2018 lows around 2350, giving us a well-defined level to manage risk against. If prices fail to hold this level, all bets are off, but as long as we’re above it, we think the bias is to the upside over the coming weeks to months. As such, we’re looking for long opportunities that offer asymmetric risk/reward setups in the strongest stocks, three of which we outline below.
[Chart Of The Week] Improving Breadth Suggests A Near-Term Bottom
From the desk of Steve Strazza @Sstrazza
We are constantly analyzing market breadth. We do this not just for insight into the strength of the current trend but also because it helps us identify key turning points. We outlined a variety of deteriorating breadth measures in a post last month to support our bearish outlook on stocks, and the signal turned out to be quite timely as the market collapsed soon after.
With the market now severely oversold amid one of the swiftest bear markets in history, we’re looking to breadth measures once again for signs of a tradeable low.
Chart Summit 2020: A FREE Live Online Event Saturday 3/28
I’m so excited to announce that this year’s Chart Summit will be held this Saturday March 28th from 8AM-6PM ET. This will be a FREE live event hosted online for investors of all kinds, located anywhere in the world, to watch from the comfort of your own home.
This is the 4th annual Chart Summit. For those of you who remember, we hosted the first ever Virtual Technical Analysis Conference back in January of 2017, and did it again in early 2018. Last year we took the event up into the mountains and held Chart Summit in Breckenridge, CO. And now due to the current circumstances, we’re back to an online conference FREE for everyone to attend!
This year we partnered with our friends at Traders4ACause, and although Chart Summit 2020 is FREE to attend, we will be encouraging everyone to donate to a group of hand selected organizations that we feel can make the biggest impact, the fastest, to help with the current global crisis.
My friends have really pulled together to try and help out. The schedule and list of speakers will be published on the site shortly, but I can tell you that this is a very impressive group of speakers. There has never been a conference with this much talent ever put together in the history of financial conferences. I promise you. And it’s FREE! Are you kidding me?
You can register to attend here: Chart Summit 2020
The list of presenters includes names like Ari Wald, Chief Market Technician at Oppenheimer, Trader Brian Shannon, Author of Technical Analysis Using Multiple Timeframes, Craig Johnson, Chief Strategist at Piper Jaffray, Gina Martin Adams, Chief Equity Strategist at Bloomberg, Michael Batnick, Director of Research at Ritholtz Wealth, Tony Dwyer, Chief Strategist at Canaccord Genuity, Ryan Detrick, Chief Strategist at LPL Financial, and many many more talented presenters. We have about 25 presentations total planned for this 10 hour Charting Extravaganza!
This really is a can’t miss event!
We’re going to raise a ton of money and we’re going to help a lot of people. I want to give a big thank you to Traders4ACause, CMT Association, Dani Fava and Tyrone Ross who are helping us with our mission: Help As Many People As Possible!
Make sure you’ve registered here and then go tell your friends about it!
See you Saturday!
[Options Premium] A Bullish Trade (this is not a misprint)
A Bullish Trade? Is Sean crazy?
Believe it or not, there are stocks holding up “well” in this tape. “Well” is obviously a relative term.
JC published a bullish piece on Docusign $DOCU this week that speaks to me and I’m going to leverage this insane volatility into an options trade. [Read more…]
The Copper & Emerging Markets Signal
From the desk of Tom Bruni @BruniCharting
As we look for signs of a tradeable low in Equities, we’re not only looking at breadth and the stock market’s leaders, we’re also looking to the Commodity market for a signal of what’s to come.
Let’s get into why Copper needs to be on your radar.
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