For this week’s trade, we’re selling $GIS September 72.50 puts for an approximately $1.85 credit.
Get the full details, risk management procedures and targets for this trade here:
Expert technical analysis of financial markets by JC Parets
by JC
For this week’s trade, we’re selling $GIS September 72.50 puts for an approximately $1.85 credit.
Get the full details, risk management procedures and targets for this trade here:
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 JC
There are many examples of important Indexes and Sector ETFs that are retesting key former highs, the 2018 peak in particular.
You can see it in Small-caps, Financials, European Indices, Bitcoin/Ethereum and many others. We discussed all of these on this week’s live Premium Conference Call, and also in our Q3 Playbook to Profit.
But you can also see these important retests in the bellwethers.
Here are two of the most important on the planet, one representing Industrials and the other Financials – 2 key sectors in America. [Read more…]
The latest Quarterly Playbook is out, which has given us a bunch of ideas to begin exploring.
One idea stood out for me in particular because of a recent pullback offering a good entry point. It’s in a bellwether dividend-paying stock that we wouldn’t mind owning for the long term, but we’re going to take advantage of elevated options premiums to leverage into a high-probability bet for some opportunistic income. [Read more…]
by JC
This is our ASC Research Q3 2022 Playbook.
Investors have a lot of questions right now. With sentiment and at some of the most pessimistic levels in history, what will it take for some of these trends to change in the second half of the year? I believe some major trends are already changing.
The Playbook takes a step back and looks at things from a more Structural perspective. If you’re specifically looking for more tactical opportunities, you can check out this week’s Live Mid-Month Conference Call.
Here’s what we’ll be discussing in our Q3 Playbook:
by Ian Culley
From the Desk of Ian Culley @IanCulley
The US dollar and interest rates are still two of the most important charts out there. You’re probably tired of hearing it, but their future direction impacts the entire marketplace.
And, believe it or not, the currency market provides a great read on both.
Bullish data points continue to roll in left and right, supporting dollar strength. From the Korean won and Singaporean dollar to the euro and the pound, the dollar seems to break out against another currency every few days.
No matter where we look, the US dollar is dominating.
When we evaluate the trends in emerging market commodity currencies, it reveals insight into the recent rise in interest rates. Instead of showing strength, these currencies are catching lower — which doesn’t jibe with a rising rate environment.
Let’s take a look.
by JC
Shares of Apple stock just went out at the highest levels in history relative to the S&P500.
This is what we refer to as “Relative Strength”.
Apple had originally peaked relative to the market almost 2 years ago towards the end of the summer of 2020.
That’s when the Apple’s underperformance first began.
And now here we are making new all-time highs once again: [Read more…]
by JC
This is the video recording of the July 2022 Mid-month Conference Call.
We discussed: