It was never just large-cap Tech.
That was a lie.
And as it turns out, yesterday’s gains were pretty much everything BUT large-cap Tech. [Read more…]
Expert technical analysis of financial markets by JC Parets
by JC
It was never just large-cap Tech.
That was a lie.
And as it turns out, yesterday’s gains were pretty much everything BUT large-cap Tech. [Read more…]
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 Monday July 15th @ 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 Monday evening: [Read more…]
Man… at midday today when I was conducting this week’s Jam Session, the market was getting pummeled. At least, that’s what one would think if they looked at the major indexes.
But the real story is (was) that the mega caps were getting hit hard, but outside of that, most stocks were seeing pretty muted action – at least in my portfolio.
Curiously, the stocks I have short positions in were my leading gainers on the day.
Talk about confusing!
In this week’s Jam Session, I talk about the current state of the market and what VIX is signaling to me, as well as updates to a bunch of open positions.
Buckle up!
Sean McLaughlin | Chief Options Strategist, All Star Charts
by Ian Culley
From the Desk of Ian Culley @IanCulley
Will the Fed finally cut interest rates?
We can’t say for sure…
All that matters is what the market thinks. And following Powell’s testimony this week, investors are increasing their September rate-cut bets.
Let’s review a few of our recent bond trades, as US treasuries could rip in the coming weeks.
From the Desk of Steve Strazza @Sstrazza
When investing in the stock market, we always want to approach it as “a market of stocks.”
Regardless of the environment, there are always stocks showing leadership and trending higher.
We may have to look harder to identify them depending on current market conditions. But there are always stocks that are going up.
The same can be said for weak stocks. Regardless of the environment, there are always stocks that are going down, too.
We already have multiple scans focusing on stocks making all-time highs, such as Hall of Famers, Minor Leaguers, and the 2 to 100 Club.
We filter these universes for stocks that exhibit the best momentum and relative strength characteristics.
Clearly, we spend a lot of time identifying and writing about leading stocks every week via multiple reports.
But, we also highlight lagging stocks on a recurring basis.
by Sam Gatlin
From the Desk of Steve Strazza @Sstrazza
We love our bottoms-up scans here at All Star Charts. We tend to get really creative when making new universes as we want to be sure they will deliver us the best opportunities the market has to offer.
However, when it comes to this one, it couldn’t be any simpler!
With the goal of finding more bullish setups, we have decided to expand one of our favorite scans and broaden our regular coverage of the largest US stocks.
Welcome to The Junior Hall of Famers.
This scan is composed of the next 150 largest stocks by market cap, those that come after the top 150 and are thus covered by the Hall of Famers universe. Many of these names will someday graduate and join our original Hall Of Famers list. The idea here is to catch these big trends as early on as possible.
There is no need to overcomplicate things. Market cap is a quality filter at the end of the day. It only grows if price is rising. That’s good enough for us.
The bottom line is it is a bull market. We want as many vehicles and options to express our bullish thesis as possible. This is a good way to do just that.
Let’s dive right in and check out what these future big boys are up to.
The All Star Charts analyst team continues to believe that the industrial sector will be one of the leading areas to lift the market higher as sector rotation works its magic to keep this bull market going.
And the chart of Caterpillar $CAT looks like a potential failed top in the making:
If we’re right, $CAT could quickly recapture all-time highs north of $382 per share and then the sky’s the limit from there. [Read more…]
From the Desk of Steve Strazza @Sstrazza.
Welcome back to Under the Hood, where we’ll cover all the action for the two weeks ended June 21, 2024. This report is published bi-weekly, in rotation with The Minor Leaguers.
What we do here is analyze the most popular stocks during the week and find opportunities to either join in and ride these momentum names higher, or fade the crowd and bet against them.
We use a variety of sources to generate the list of most popular names.
There are so many new data sources available that all we need to do is organize and curate them in a way that shows us exactly what we want: a list of stocks that are seeing an unusual increase in investor interest.
Click here for a behind-the-scenes look at our process.
Whether we’re measuring increasing interest based on large institutional purchases, unusual options activity, or simply our proprietary lists of trending tickers, there’s a lot of overlap.