So there you have it folks, here’s your Crude Oil breakout.
It was bound to happen right? It kept pushing up against those former highs. [Read more…]
Expert technical analysis of financial markets by JC Parets
by JC
So there you have it folks, here’s your Crude Oil breakout.
It was bound to happen right? It kept pushing up against those former highs. [Read more…]
by Ian Culley
From the desk of Steven Strazza @Sstrazza and Ian Culley @Ianculley
As May just came to a close, many spent the weekend celebrating the kick-off to the Summer season at Memorial day barbeques. We did that too. BUT… being the nerds we are, we also spent much of the weekend pouring over some fresh monthly candles now that yet another one is in the books.
In the spirit of our sacred monthly candlestick process here at Allstar Charts, in this week’s column, we’re going to take a step back and discuss some of the primary trends at play in Commodities Markets.
We only get this incredibly valuable information ONCE a month. That’s right. Just TWELVE times a year. As such, we really cherish weeks like these.
So, let’s dive right in and talk about one of the charts that really stuck out this month: None other than the good old Thomson Reuters $CRB Index, arguably the broadest barometer for the asset class as a whole.
by JC
This is the video recording of our June 4, 2021 All Star Charts Crypto Weekly Charting Session.
The team at All Star Charts has started putting out a new report called “Follow the Flow.” The goal of this report is to “create a universe of stocks that experienced the most unusual options activity – either bullish or bearish… but NOT both.”
The unusual activity we’re witnessing in these stocks is not necessarily “smart” money, but “aggressive” or “motivated” money. This is a useful signal.
With this in mind, one of the names mentioned in the most recent report caught my eye for a shorter duration bullish options bet. [Read more…]
by JC
With the Dow Jones Transportation Average hitting our upside targets last month, it’s become a wait and see game.
Are consolidations resolving higher, like they were before? Or are they resolving lower?
Based on the overwhelming amount of evidence, the bet we want to make as that Transports resolve lower, and join some of the other areas that have already been under pressure for months, like Tech and Small-caps. [Read more…]
There is now more than enough evidence to say with certainty that digital currencies are here to stay.
In the last few quarters, the market has spoken. The size of some of these coins is mind-blowing.
What was once peanuts, the total market cap of the asset class achieved the $2T milestone at its peak last month.
There are literally several thousands of options or individual coins/tokens to express our opinions, and the list is growing every day.
So the number of options and ease of access is only accelerating the interest and activity in the space. We don’t see this changing. [Read more…]
by JC
This is the video recording of our June 3, 2021 Monthly Charts Live Strategy Session
by Peter
This is the video recording of the June Options Conference Call with Sean McLaughlin & JC Parets.