That was a fun day in the live trading room. J.C. joined us, and it was fantastic!!
Now, on to the markets folks.
Expert technical analysis of financial markets by JC Parets
by David
From the Desk of Kimmy Sokoloff
That was a fun day in the live trading room. J.C. joined us, and it was fantastic!!
Now, on to the markets folks.
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 are exhibiting 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.
Now, we’re also highlighting lagging stocks on a recurring basis.
by Louis Sykes
There’s only one thing you need to know about Bitcoin miners. That is, they’re essentially long Bitcoin’s price, short the hash rate, and short electricity prices.
Wonder why publicly traded Bitcoin miners have been laughable? It’s because all these three are moving in the completely opposite direction.
by JC
One of the things that continues to really stand out to me is the relentless outperformance in Energy stocks, even in the midst of a major correction in Crude Oil.
You can see it perfectly in this chart. Energy stocks today are making new 52-week highs relative to Crude: [Read more…]
by JC
The bond market is the biggest and baddest market of them all.
All these crypto currencies can go to zero and no one who matters will care.
The entire pot industry can disappear tomorrow and it won’t matter.
Small-cap stocks aren’t relevant, from a systemic perspective.
Do you know what matters? The bond market.
And if there’s real stress out there in financial markets, you are going to see it show up in bonds.
It’s just math.
But a funny thing happened in Q2 this year. High Yield Credit spreads began to tighten.
If there was real stress, you would be seeing them widening.
In this chart below we’re looking at lower lows in the S&P500 but higher lows in the ratio between Junk Bonds and US Treasury Bonds: [Read more…]
by David
From the Desk of Kimmy Sokoloff
The SPX futures are back above 3,700. That’s a level I’d like to see maintained.
And I’d prefer SPX above 3712.
by JC
This is the video recording of the October 2022 Mid-month Conference Call.
We discussed:
by Ian Culley
From the Desk of Ian Culley @IanCulley
I don’t care what your favorite TikTok financial guru says: Trading isn’t easy.
The market has made this point again and again this year.
The market has also driven home another essential truth: Trends persist.
I talk about this approach quite a bit because I’m a trend-follower. It’s my favorite Dow Theory Tenet, and it’s the foundation of my approach to the markets.
Trend-following might sound simple. But it’s far from effortless. Like any worthwhile philosophy, real-world applications can sometimes be a struggle.
In fact, no other market has tested my trend-following resolve quite like this year’s unstoppable dollar. And I’m still looking for opportunities to get long…