From the Desk of Kimmy Sokoloff
I hope everyone had a nice Thanksgiving!!
Today is a half day of trading, so let’s see if the bull still pushes on.
Expert technical analysis of financial markets by JC Parets
by David
From the Desk of Kimmy Sokoloff
I hope everyone had a nice Thanksgiving!!
Today is a half day of trading, so let’s see if the bull still pushes on.
by JC
Bull Markets are a way to describe the environment.
Individual stocks do not enter “bull markets”. That’s not a thing.
In a bull market, more stocks are going up than going down. In bear markets you see the exact opposite. [Read more…]
by Ian Culley
Happy Thanksgiving, everyone!
There’s so much to be thankful for. And as investors and traders, we can all rejoice that bonds have stopped falling!
Here’s our weekly bond edition of What the FICC?!?!
by Ian Culley
From the Desk of Ian Culley @Ianculley
Bonds are bouncing off key levels of potential support.
For some, it’s a former low. And for others, it’s a downside extension level. Regardless, we can all rejoice that bonds have stopped falling.
That doesn’t mean we’re rushing out to buy Treasuries. Instead, it signals a constructive start to a potential bottoming process for the bond market and relief from downside volatility.
Let’s check out the charts!
From the desk of Steve Strazza @Sstrazza
Welcome to the 2 to 100 Club.
As many of you know, something we’ve been working on internally is using various bottom-up tools and scans to complement our top-down approach. It’s really been working for us!
One way we’re doing this is by identifying the strongest growth stocks as they climb the market-cap ladder from small- to mid- to large- and, ultimately, to mega-cap status (over $200B).
Once they graduate from small-cap to mid-cap status (over $2B), they come on our radar. Likewise, when they surpass the roughly $30B mark, they roll off our list.
But the scan doesn’t just end there.
We only want to look at the strongest growth industries in the market, as that is typically where these potential 50-baggers come from.
Some of the best performers in recent decades – stocks like Priceline, Amazon, Netflix, Salesforce, and myriad others – would have been on this list at some point during their journey to becoming the market behemoths they are today.
When you look at the stocks in our table, you’ll notice we’re only focused on Technology and Growth industry groups such as Software, Semiconductors, Online Retail, Solar, etc.
Then, like any good technician, we filter the list down to those closest to new highs.
This allows the cream of these strong groups to rise to the top and helps streamline our mission to identify technical breakouts in the top-performing stocks.
by Ian Culley
From the desk of Steve Strazza @Sstrazza
Monday night we held our November 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 David
From the Desk of Kimmy Sokoloff
It was a decent morning for us, a few decent trades to send us off into the holiday!!
The market is trying to breakout, and hopefully we get follow-through on Friday.
After we got past sharing each others’ Thanksgiving dinner menus, wine pairings, and recipe swaps, the All Star Charts gang got back to business this morning hunting for trade ideas.
We arrived at today’s idea in a roundabout way:
“Discretionary stocks have been the ‘least shitty’ performers as of late.”
“We’re seeing relative strength in ‘da homies. [Homebuilders]”
“In that sector, Lennar $LEN is showing the best relative strength relative to the others.”
…and that is a taste of how the Thanksgiving sausage is made.
So let’s dig into some visuals to highlight what we’re seeing. [Read more…]