What overbought conditions? We haven’t even broken out yet. Take a look at what’s actually going on!
After 14 years of no progress, Financials just went out at a new all-time high!
Expert technical analysis of financial markets by JC Parets
by JC
What overbought conditions? We haven’t even broken out yet. Take a look at what’s actually going on!
After 14 years of no progress, Financials just went out at a new all-time high!
This is arguably the most important sector in the world. We don’t have bull markets without Financials, at least, participating.
Just imagine them emerging as a leadership group… [Read more…]
by Louis Sykes
From the desk of Steve Strazza @sstrazza and Louis Sykes @haumicharts
Leadership in this environment is stretching far and wide.
We’re seeing a growing number of industry groups and areas not only making new highs but also outperforming and offering us more and more avenues to express our bullish thesis on stocks and risk assets in general.
Last week, we discussed Commodities and Ags.
The week before that, we dove into Chinese equities.
And for some time now, we’ve been vocal on SMIDs in general.
The point is, with such an overwhelming amount of leadership these days, we can be picky and place our bets on only the best of the best in each group.
In today’s post, we’ll explore a hot new growth industry we haven’t covered in much detail yet – Autonomous Vehicles.
We’ll discuss the broad-based strength we’re seeing from this group of stocks, and outline setups in some names we’re buying as a way to bet on this trend.
by JC
You have 2 choices:
1) You can complain that you don’t like the rules, you don’t like the people who make and enforce those rules, you don’t like the people who take advantage of those rules and you can take your ball and go home. You can do that. You have that right in this country.
or
2) You can acknowledge the fact that you don’t like certain rules, you may not like some of the people who make and enforce the rules, and you especially don’t like some people who take advantage of those rules. But if you can’t beat them, join them!
We choose #2. Because this is nothing new. We figured this out decades ago.
Welcome to the market.
Enjoy! [Read more…]
From the desk of Steve Strazza @sstrazza and Louis Sykes @haumicharts
As JC pointed out the other day, this week we saw the most amount of new 52-week highs in the history of the Nasdaq.
That’s right. The highest reading ever. That’s bullish.
We’ve also witnessed another very encouraging development in market internals of late.
Let’s talk about it…
When semiconductor stocks are making all-time highs, I always pay attention. And when they also appear on the All Star Charts Young Aristocrats scan? Well, pass the gravy. Daddy’s ready to eat! [Read more…]
by JC
Probably some time a little over a decade ago I took the train from New York City up to Fairfield, CT where I went to school to watch Howard Marks give a talk. He was just starting to become famous, or at least famous to me, so I was really pumped.
I called all my friends from college and told them to meet me for this because he’s the man and it’s going to be awesome!
Crickets.
Only one friend showed up, and probably because we were getting drinks afterwards at our old favorite bar, (the Sea Grape, if you’re familiar).
Something Howard Marks once said that has stuck with me is this:
To be a disciplined investor you have to be willing to stand by and watch other people make money on things that you passed on.”
This lesson has served me very well. I promise.
And it’s not easy either. We’re human. We’re not robots. We have these emotions that are perfectly natural. In fact, not having them would be abnormal.
It’s how you react (or not react) to those emotions that separates the winners from the losers.
You see it every day. Pay attention and you’ll start to notice.
by Louis Sykes
From the desk of Louis Sykes @haumicharts
Two ETFs tracking the same sector, industry, or niche area can yield significantly different outcomes.
We see it all the time.
I’ll share a few examples, along with a short discussion of what I’ve taken away from it all.
by JC
These are the registration details for our live monthly conference call for Premium Members of All Star Charts.
This month’s Conference Call will be held on Tuesday February 16th at 6PM ET. As always, if you cannot make the call live, the video and slides will be archived and published here along with every other live call since 2015.
Here are the details for Tuesday night: [Read more…]