With sloppy Friday action like this, it’s about a 50-50 shot we do well.
Happy Father’s Day, and have a great long weekend.
Expert technical analysis of financial markets by JC Parets
by David
From the Desk of Kimmy Sokoloff
With sloppy Friday action like this, it’s about a 50-50 shot we do well.
Happy Father’s Day, and have a great long weekend.
That company is still a thing? I thought the iPhone killed it? ~ JC during The Morning Show on 6/15/23
Yep. Today’s trade is a play on a stock in a company we were all kind of surprised still exists, and even more surprising that is doing well!
Upon further digging, we learned the company has handled the pivot away from online maps for car drivers into things like GPS for boats, golfers, and wearables! [Read more…]
by David
From the Desk of Kimmy Sokoloff
Happy Father’s Day! Have a great long weekend!!
Today is quad witching, so we could see a choppier market and lots of volatility.
I recently read a book that was recommended to me by a friend in my traders meetup group.
Once I picked it up, I couldn’t put it down.
Here are some of my favorite quotes I continue to meditate on. I think you will also go down rabbit holes while pondering them… [Read more…]
by David
From the Desk of Kimmy Sokoloff
I haven’t seen a presser of a market like this in a very long time. People are piling in.
It feels like everyone who was late to the party is trying to play catch-up.
by Ian Culley
From the Desk of Ian Culley @IanCulley
Forget about Wednesday’s FOMC decision.
Yes, investors continue to react, unpacking Jerome Powell’s words while looking ahead to next month’s meeting. It’s a never-ending cycle proffered by unrelenting data.
But it’s this constant flux that makes the market the most engaging puzzle in the world (aside from life, of course).
Yet one piece of the puzzle renders the chaos manageable…
The closing price.
That’s the main reason I choose to devote the majority of my energy to price charts. The closing price is seldom revised, acting as an anchor during turbulent conditions.
Call me old school, but price is never wrong.
With that in mind, let’s take a fresh look at a key intermarket ratio many (including me) have labeled “broken”…
by David
From the Desk of Kimmy Sokoloff
The market has a hangover after yesterday’s Fed meeting. No rate hike, but Powell might continue to hike down the road.
The indices are extremely overbought. $TGT and $NKE had their first real up days.
by JC
These are the registration details for our LIVE Mid-month Conference Call for Premium Members of All Star Charts.
Our Live Call will be held on Tuesday June 20th at 6PM ET. As always, if you cannot make the call live, the video and slides will be archived and published here along with every other live call since 2015.
Here are the details for Tuesday night: [Read more…]