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.
ATTN Goldbugs: We’re Headed to the 2011 Highs!
From the Desk of Ian Culley @IanCulley
Former resistance turns into potential support – and vice versa.
That’s Polarity 101. It’s a pattern found throughout the market. It doesn’t matter the asset class – Bitcoin or Berkshire. It’s simply human psychology at work.
These levels often mark missed opportunities. And, in the process, they create price memory that fuels increased activity. Traders and investors are driven to transact at these levels, highlighting supply and demand zones that act as support or resistance.
Why does this matter right now?
Because gold futures have sliced through near-term support, careening toward a level etched in the minds of goldbugs everywhere…
International Hall of Famers (05-26-2023)
From the Desk of Steve Strazza @Sstrazza and Alfonso Depablos @AlfCharts
Our International Hall of Famers list is composed of the 100 largest US-listed international stocks, or ADRs.
We’ve also sprinkled in some of the largest ADRs from countries that did not make the market cap cut.
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 largest US stocks on our original Hall of Famers list.
The beauty of these scans is really in their simplicity.
We take the largest names each week and then apply technical filters in a way that the strongest stocks with the most momentum rise to the top.
Based on the market environment, we can also flip the scan on its head and filter for weakness.
Let’s dive in and take a look at some of the most important stocks from around the world.
Stocks Defy Rising Rates
From the Desk of Ian Culley @IanCulley
“You can’t pay me enough to buy US Treasuries.”
That’s the message from the bond market.
The result: a persistent rise in interest rates.
Classic intermarket ratios – copper versus gold, regional banks $KRE versus REITs $IYR, and the Russell 2000 $IWM versus the S&P 500 $SPY – all point to lower yields.
This has been going on for months. Some may argue that these ratios are broken or no longer carry significant insight into the direction of rates.
It may be true that the strong relationship between the above ratios and interest rates has indeed decoupled.
But it’s not solely relative trends hinting at declining yields.
The stocks that benefit the most from a rising rate environment also look terrible on absolute terms…
Swing Trader Pro: Afternoon Briefing (05-26-2023)
Typical market action on a pre-holiday weekend trading day: Rally time!
The indices were up more than 1%, and we’re heading into gap-fill on $SPY.
Enjoy your Memorial Day.
[Options Premium] Tracing Higher
I’m continuing with my recent bent of positioning carefully in speculative names that have the potential to rip if the market resolves higher out of this Washington nonsense.
Today’s trade is in a name that is showing signs of squeezing higher. It just needs a spark.
Let’s get right to it.
[Read more…]
Smash That Reset Button!
Swing Trader Pro: Morning Briefing (05-26-2023)
From the Desk of Kimmy Sokoloff
Happy Memorial Day, and thank you to our Veterans!
It’s Friday, and it’s options expiration, so trading is bound to be more difficult today.
- « Previous Page
- 1
- …
- 166
- 167
- 168
- 169
- 170
- …
- 951
- Next Page »