For those of you who couldn’t attend the complimentary All Star Charts Members-Only September 2020 Conference Call, here is a video recording. Enjoy!
Mystery Chart (09-16-2020)
From the desk of Steve Strazza @Sstrazza
New Mystery Chart!
For those new to the exercise, we take a chart of interest and remove the x/y-axes and any other labels that would help identify it. The chart can be any security in any asset class on any timeframe on an absolute or relative basis. Maybe it’s a custom index or inverted, who knows!
We do all this to put aside the biases we have associated with this specific security/the market and come to a conclusion based solely on price.
You can guess what it is if you must, but the real value comes from sharing what you would do right now. Buy, Sell, or Do Nothing?
[Premium] Monthly Conference Call Video Recording September 2020
This is the video recording of the September 2020 Conference Call.
Are You Ready For Another Run in Gold?
Whatever your geopolitical, global macro, moral, or ethical concerns are about the price of gold and its implications about the US dollar, the Fed, the US Economy, etc — the only truth is price.
And price is telling us that Gold is setting up for another run higher.
Sorry if that conflicts with your world view? [Read more…]
Louis’ Look (09-15-2020)
From the desk of Louis Sykes @haumicharts
Welcome to this week’s edition of Louis’ Look, where I write a brief note for the blog to document the lessons I’m learning every week. You can read the previous post here. Today, I’ll fill you in on some of the neat stuff we’re building over here and my realization that passion is the engine of creativity and uniqueness.
Chips And Trains
From the desk of Steve Strazza @Sstrazza
Something we discuss a lot, especially internally, is what we refer to as “New Dow Theory.”
It’s merely the idea that instead of looking at Dow Transports $DJT as the confirming average for Dow Industrials (or the broader market), we should be looking at the Semiconductors index $SOX.
The reasoning behind this is simple, and we won’t get too far into it. The bottom line is that as the US has shifted from a Manufacturing to Services Economy, the methods used to transport modern-day goods and services are very different than they were almost a century ago when Dow Theory was first introduced.
If you feel like going down the rabbit-hole on this like I did, here’s an excellent academic paper on the “Electronic Transport Properties Of Semiconductor Nanostructures.”
As with anything in Technical Analysis, we need to remain flexible and adjust to the new data in front of us. And in recent years at least, one can make a strong argument that the price action from Semiconductors has given us much better information than Transports have.
We don’t know what the right answer is, but we know Transports remain a key cyclical area of the economy, so we simply use both.
In this post, we’ll look at how the two Indexes have performed recently and what signals they’re sending for the broader market.
We’ll then outline trade ideas in a chipmaker and railroad stock that are currently offering a favorable risk/reward.
The RPP Report: Review. Preview. Profit. (09-14-2020)
From the desk of Steve Strazza @Sstrazza
At the beginning of each week, we publish performance tables for a variety of different asset classes and categories along with commentary on each.
Looking at the past helps put the future into context. In this post, we review the relative strength trends at play and preview some of the things we’re watching in order to profit in the weeks and months ahead.
Our last RPP report took a high-level look at the initial damage endured by the recent selloff.
This past week, we saw follow through on that weakness. That means we’ve got to take a deeper look at how the most important assets in the world have held up.
For the first time off the March lows, we’re starting to see a change in character in the way that the market corrects. Particularly Equity Markets, so that will be our focus this week.
Ultimately, while the primary trend remains higher, recent developments have forced a more cautionary short-term outlook. Let’s dive into it!
[Options Premium] Looking Abroad
I don’t trade Chinese stocks often. But when I do, I most definitely define my risks up front. I don’t want to be the next person to become “UnLuckin’d”, if you know what I mean…
With that in mind, there’s a chinese stock that showed up on our recent Under the Hood report that has caught my interest for a tactical play. [Read more…]
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