We saw a nice gap up on the $SPX today, but we weren’t able to hold on to 4,000 or 4,017.
The market decided to close the gap down, which is all fine and well. But I’d like roughly that area held at 3,980 or so.
Expert technical analysis of financial markets by JC Parets
by David
From the Desk of Kimmy Sokoloff
We saw a nice gap up on the $SPX today, but we weren’t able to hold on to 4,000 or 4,017.
The market decided to close the gap down, which is all fine and well. But I’d like roughly that area held at 3,980 or so.
by David
From the Desk of Kimmy Sokoloff
The $SPX had about a hundred-point drop in a span of a week’s time.
It’ll take a bit of proving if this market wants to rally.
by Ian Culley
It’s the weekly commodity edition of What the FICC?
Coffee, cocoa, and OJ are all ripping higher.
So can we extend an underlying bullish thesis for ag commodities to the grain contracts traded on the CBOT?
I don’t think it’s that simple. Regardless, I want to be prepared if and when the Chicago grain markets break out…
by Ian Culley
It’s the weekly bond edition of What the FICC?
The narrative is quickly shifting back to tighter monetary policy following last week’s higher-than-anticipated CPI and strong economic data.
With these newfound recessionary fears circulating, I want to share a chart I like to avoid… The 2s10s treasury spread.
by JC
In some market environments Technology, and other sectors full of growth stocks, tend to outperform.
Usually interest rates are falling in that type of market.
You got a good dose of that for about decade.
US Stocks were the global leaders while Europe and other parts of the world, without that exposure to growth, made little progress.
And now with interest rates rising, other sectors have emerged as leaders. Industrials, for example.
This is all perfectly normal for this type of environment. We’ve seen it before, and to expect anything else would be irresponsible.
There was a time where Tech stocks were the leadership group.
That time is behind us.
You could wish and pray and hope that it becomes that environment once again.
Or you can live in reality.
That’s up to you.
Look at Materials, for example, holding above all that former support from the past couple years. If $XLB is above 80, this is sector we need to own: [Read more…]
by JC
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.
From the Desk of Steve Strazza @Sstrazza
Earlier this week we held our February Monthly Conference Call, which Premium Members can access and rewatch here.
In this post, we’ll do our best to summarize it by highlighting five of the most important charts and/or themes we covered, along with commentary on each
Let’s get right into it!
by Ian Culley
From the Desk of Ian Culley @IanCulley
I can’t stop talking about the softs trading on the NYMEX.
Coffee, cocoa, and OJ are all ripping higher. It seems only a matter of time before sugar and cotton join the fun.
So can we extend an underlying bullish thesis for ag commodities to the grain contracts traded on the CBOT?
I don’t think it’s that simple. Regardless, I want to be prepared if and when the Chicago grain markets break out…