As Steve Strazza was putting together the latest “2-to-100” report, he and I were chatting about his latest great stock idea. He is pretty excited about this one, and who am I to not join him?
Let’s get right to it. [Read more…]
Expert technical analysis of financial markets by JC Parets
As Steve Strazza was putting together the latest “2-to-100” report, he and I were chatting about his latest great stock idea. He is pretty excited about this one, and who am I to not join him?
Let’s get right to it. [Read more…]
by JC
Every month we get a fresh batch of Monthly Candlesticks. It only happens 12 times a year.
I promise you guys from the bottom of my heart that there is no other part of my entire process that provides as much value and information as my monthly chart review. Premium Members can access the Chartbook here. Stay tuned as we’ll be adding more workbooks of charts this week to the Chartbook section.
In the meantime, my friend Josh Brown and I have been doing these short monthly videos since the summer. They’re fun and I like how he pushes back against me sometimes. In other interviews they make it too easy on me. I like these!
This month we talk about the breakout in Biotech, Market-cap rotation into Small-caps, European Stocks performing well and what we’re doing about Gold & Bitcoin.
Here’s this month’s video in full:
by JC
This is the video recording and slides from the All Star Options Monthly Conference Call: December 3, 2020.
From the desk of Steve Strazza @Sstrazza
Welcome to the 2 to 100 Club.
Something we’ve been working on internally this year is using various bottoms-up tools and scans to complement our top-down approach. One way we’re doing this is by identifying 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, and Salesforce, to a myriad of others… all 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 will notice we are 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 that are closest to new 52-week highs. This allows the cream of these strongest groups to rise to the top and makes our job easier to identify technical breakouts in the top-performing stocks.
The latest Under the Hood report is out, and as always, plenty of great ideas for me to sink my teeth into.
This week’s report revealed a software name emerging from a pretty impressive base which has some pretty significant upside targets in it’s sights. [Read more…]
by JC
This week on Happy Hour w/ Traders, I sit down with venture capitalist Howard Lindzon. He’s a Tech investor, or that’s what it feels like from my perspective. So my question was how he invests when money is rotating out of large-cap tech and into other areas?
This sparked an interesting conversation about using today’s tools to generate new ideas, even if they’re out of your wheelhouse. We have a massive community and new tools at our disposal that investors before us never had. Let’s be grateful, and let’s take advantage!
Here’s the video in full:
by JC
This is the video recording of our December 1, 2020 Monthly Charts Live Strategy Session
by JC
Today a conversation came up about whether Gold is an “investment” but Bitcoin is just “Speculation”.
Come on…
Let’s be serious. One is a useless rock and the other is an almost useless currency. Both of these are speculations. Both of these can be considered “investments”. But the only reason to buy either of these is because you think someone else will pay you more for it in the future.
If you don’t think a greater fool will pay you more down the road, there’s no reason to own either of them.
On another note, the behavior we’re seeing in both of these is eerily similar. Keep in mind, since earlier this year we were bullish on both of them, betting that Bitcoin and Gold would trade much higher. Our targets? The former all-time highs: Gold’s 2011 peak and Bitcoin’s 2017 peak.
Mission accomplished. Great trades! Since then, they’re someone else’s problem.
Look at both of these and tell me they’re not behaving exactly the same. Granted, on different time horizons, but as they say, “The markets are fractal”, meaning that you’ll see the same behavior patterns across timeframes.
[Read more…]