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Expert technical analysis of financial markets by JC Parets

[Video] Fox Business: Bull Market Rotation

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Thursday morning I was in New York City chatting with Maria Bartiromo about the ongoing Bull Market in Stocks.

Maria and I have been talking about this topic pretty regularly since she looked at me like I was crazy last October.

A lot has happened since then as both the Nasdaq and S&P500 just closed out back to back months at the highest levels in a year.

The market got the sector rotation it needed as we entered 2023.

And now we’re looking for that rotation back into those original leading sectors off the lows last summer.

I believe we already started to see it get going right after we finished up our conversation Thursday morning.

Here’s the interview in full:

[Read more…]

The Hall of Famers (06-02-2023)

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From the desk of Steve Strazza @Sstrazza and Alfonso Depablos @AlfCharts

Our Hall of Famers list is composed of the 150 largest US-based stocks.

These stocks range from the mega-cap growth behemoths like Apple and Microsoft – with market caps in excess of $2T – to some of the new-age large-cap disruptors such as Moderna, Square, and Snap.

It has all the big names and more.

It doesn’t include ADRs or any stock not domiciled in the US. But don’t worry; we developed a separate universe for that which you can check out here.

The Hall of Famers is simple.

We take our list of 150 names and then apply our technical filters so the strongest stocks with the most momentum rise to the top.

Let’s dive right in and check out what these big boys are up to.

[Read more…]

“It’s Only 5 Stocks” LOL

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Last year they would complain that the biggest growth stocks were not participating in the stock market rally.

This year they’re complaining that the biggest growth stocks are participating too much in the stock market rally.

It’s quite obvious that people just like to complain.

We’ve already addressed the fact that this is perfectly normal, healthy sector rotation, and NOT a weakening breadth issue.

See here.

Periods of concentrated leadership do not necessarily mean widespread distribution.

Besides, it hasn’t just been 5 stocks that have been going up. Or 7 stocks, or even 10.

A lot of stocks, in both the U.S. and around the world, have already been going up for some time.

In fact, the All Country World Index just went out at new 52-week highs: [Read more…]

Uranium Stocks Approach a Key Breakout

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From the Desk of Ian Culley @IanCulley

Commodities are on the rocks.

Our Equal-Weight 33 Commodity Index is printing fresh two-year lows. Crude oil is hanging around the lower bounds of a multi-month consolidation. And Dr. Copper is loitering below former support.

This isn’t bull market behavior.

But just as the stock market is a market of stocks, the commodity market is a market of, well, a diverse set of commodities.  

So, while I don’t want to buy many high-profile procyclical contracts – and certainly not the commodity indexes – I do like the more obscure areas showing strength…

[Read more…]

[Options Premium] Taking Advantage of Cheap Call Premiums

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It feels like whatever items have been holding the broader markets back are falling by the wayside one by one, clearing the path to the next leg higher in this bull market.

And with volatility (as measured by $VIX) making new yearly lows, it’s getting more affordable to make a bullish play with simple long call option trades.

So we’re going to do just that!
[Read more…]

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