The math has been simple.
When the Dollar is doing well, stocks don’t.
And when the Dollar is weakening, stocks are strong.
It’s been made very clear to us all.
The US Dollar is the enforcer: [Read more…]
Expert technical analysis of financial markets by JC Parets
by JC
The math has been simple.
When the Dollar is doing well, stocks don’t.
And when the Dollar is weakening, stocks are strong.
It’s been made very clear to us all.
The US Dollar is the enforcer: [Read more…]
Tuesday night we held our September 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 Louis Sykes
From the Desk of Louis Sykes @haumicharts
Bear markets bring out the worst in us.
Investors lose money and look to others to blame for their mistakes. It’s human nature; it takes less mental fortitude to pin the blame on an externality rather than adopt responsibility and work on yourself.
In bear markets, conspiracies are born, and hatred is often devised.
“If it wasn’t for the Fed, my equity curve would still be sloping up.”
“Wall Street and the wealthy are conspiring to make me poorer.”
In my short stint in this industry, I’ve noticed a lot of this self-destructive behavior.
One particular notion I’ve seen catch traction in recent days is that the CME Group — operator of the world’s largest financial derivatives exchange — is actively trying to suppress Bitcoin from global adoption.
The theory goes like this…
by David
Yesterday was all about the Federal Open Market Committee meeting.
I kept my trades tight, as I didn’t want to trade after the rate decision. And, as everybody saw, it was just way too volatile in the afternoon.
What a whipsaw that was — the $SPY rallying up to 389 then dropping down to 377.
by Ian Culley
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.
Eventually, even thick skulls like mine get the point.
Pretty much all summer long, the team here at All Star Charts has been mentioning Enphase Energy $ENPH as a strong outperformer that is on the verge of a potential epic breakout. During today’s internal Analyst meeting, the team agreed that now is finally the time to get involved.
JC and I did a video on a possible trade in $ENPH ahead of today’s Fed Reserve Interest Rates announcement. We did just get into it moments ago. Enjoy this video to get a great idea of why we like this trade and how we’ll play it:
A Bull Phase for Enphase Energy? @allstarcharts https://t.co/INbp6CH827
— Sean McLaughlin, NLD 📈 (@chicagosean) September 21, 2022
by JC
Markets trade in cycles.
We’ve seen these cycles play out over and over again throughout many decades.
But how do we profit from it all?
Well, for me, I like to use seasonal tendencies to help put the current market environment into context.
It’s not about today and tomorrow, and it’s not about next year. Where are we right now?
Our Cycle Composite does a good job of helping us put together a road map for this market’s cycle.
On the left side of this chart we have the 2021 seasonal trends and on the right we have the 2022 trends.
Last year’s composite includes every year since 1950, every post election year since 1950 and every year ending in 1, to include the decennial cycle. Look how closely last year’s actual results mirrored the composite:
by JC
This is the video recording of the September 2022 Mid-month Conference Call.
We discussed: