This has to be it right?
How is this one not the world’s most important chart?
With the US 10-year Yield hitting the highest levels in 15 years, Crude Oil has caught a bid lately hitting the highest levels all year. [Read more…]
Expert technical analysis of financial markets by JC Parets
by JC
This has to be it right?
How is this one not the world’s most important chart?
With the US 10-year Yield hitting the highest levels in 15 years, Crude Oil has caught a bid lately hitting the highest levels all year. [Read more…]
by Ian Culley
From the Desk of Ian Culley @IanCulley
The US Dollar Index $DXY has posted its tenth week consecutive in the green.
And with the dollar off to a solid start Monday morning, an eleventh looks promising.
This is excellent news for dollar bulls.
But it’s a gloomy prospect for risk assets, especially precious metals… [Read more…]
by David
From the Desk of Kimmy Sokoloff
Overall, that was a decent bounce today.
We’ll see if it continues through the week.
If we do get a heavy one, $SPY has potential to 438.
After slowly dipping my toes last week into the idea that it might be time to start getting into some new long exposure, the market’s reaction to the latest Federal Reserve action tells me the direction is still sideways until further notice.
So we’re literally betting on that today with a delta-neutral credit spread in the Russell 2000. [Read more…]
From the Desk of Steve Strazza @sstrazza and Alfonso Depablos @Alfcharts
This is one of our favorite bottom-up scans: Follow the Flow.
In this note, we simply create a universe of stocks that experienced the most unusual options activity — either bullish or bearish, but not both.
We utilize options experts, both internally and through our partnership with The TradeXchange. Then, we dig through the level 2 details and do all the work upfront for our clients.
Our goal is to isolate only those options market splashes that represent levered and high-conviction, directional bets.
We also weed out hedging activity and ensure there are no offsetting trades that either neutralize or cap the risk on these unusual options trades.
What remains is a list of stocks that large financial institutions are putting big money behind.
And they’re doing so for one reason only: because they think the stock is about to move in their direction and make them a pretty penny.
Then we flip through our list of stocks flashing unusual activity and pick the best setups using many of the same technical filters we do for our other scans.
And, just like that, we’ll follow the money flow and fatten our own pockets along with some of the world’s most powerful financial institutions.
by David
From the Desk of Kimmy Sokoloff
The market has been in a steady decline since mid-September.
I’ll be truthful: As of right now, not too much is interesting to me.
I need to see how stocks act today.
by JC
On the eve of Chart Summit 2023, let’s take a look at how some of the most important areas of the market are holding up during what is seasonally the most bearish time of the year.
Technology represents close to 30% of the S&P500 and almost half the entire Nasdaq100. And here it is going out at its lowest weekly close since May: [Read more…]
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.