If you’re worried, scared, uncertain, unhappy, on tilt — or all of the above, depending on the hour — it’s ok to do nothing.
Cash is a position.
Cash is comfort. Cash is control. Cash is Safety. [Read more…]
Expert technical analysis of financial markets by JC Parets
If you’re worried, scared, uncertain, unhappy, on tilt — or all of the above, depending on the hour — it’s ok to do nothing.
Cash is a position.
Cash is comfort. Cash is control. Cash is Safety. [Read more…]
by JC
Have you noticed how stocks keep making lower lows and lower highs? We call those downtrends.
There’s an important reason why I bring this up. There is a much higher likelihood for markets to continue in the direction they’re heading in, than for them to just reverse course and start to move in the opposite direction. This is true for both uptrends and downtrends.
We live in an interesting world of double standards. When stocks are going up and “irresponsible” shorts are getting squeezed, no one feels bad for them. In fact, short sellers get ridiculed for “being so stupid” (see: $TSLA last year). But when longs are getting killed for being irresponsible, we’re supposed to feel bad for them right? That’s how this works?
I know there are certain perceptions about the intentions of shorts betting on a company failing vs shareholders betting on a company’s growth. Fine. But seriously, is there a difference at the end of the day. It’s really just math for most of us. I think we really need to think about these things. I don’t have the answers, but I certainly question the hypocrisy.
Here’s what this nice gentleman on the internet had to say: [Read more…]
by JC
There has been a lot of risk in the stock market over the past 2 months and that still has not changed. Things are getting worse, not better. I tried to emphasize in this week’s Live Call that we have NOT seen any evidence to suggest that the worst of the selling is behind us.
We’ve been inundated with emails from Financial Advisors and traders all over the world. From New York to London, South Africa, Malaysia, Laguna Beach they keep coming in. We work really hard and it is so nice to see how much we’ve been able to help people, both pros and every day hard working individuals. Thank you from all of us at Allstarcharts! We don’t take these notes for granted even for a second.
We know times are tough for some people right now. I have friends and family that lost their jobs today. I’m seeing it outside of markets.
To lighten things up a bit, I asked Twitter if I should do the live TV hit from my house in a suit or my hoodie? The feedback was overwhelmingly to keep it real!
i’m doing live tv from my house later. should I put on a full suit and pretend we’re all not at home? or should I just rock my Adidas hoodie and keep it real?
— J.C. Parets (@allstarcharts) March 20, 2020
Here is my conversation with the legend Francis Horodelski! We talked about some really important concepts that I think will help investors navigate the market moving forward. Markets move in trends. We pride ourselves in understanding the internals that precede changes in these trends. That’s what we talked about this afternoon.
I hope this adds some value to your process: [Read more…]
On Monday, I laid out my plan for entering into $SPY Iron Condors steadily throughout the week. I entered into the final Iron Condor this morning and wanted to give you a little update on where we stand with them. [Read more…]
by Tom Bruni
From the desk of Tom Bruni @BruniCharting
Tuesday’s Mystery Chart makes an interesting point during these volatile times, so thank you all for your feedback and participation.
Let’s get into it.
From the desk of Steve Strazza @Sstrazza
Just as we focus on the strongest markets and stocks to find opportunities during equity bull markets, we look to identify the weakest areas during bear markets. We just want to be in the strongest trends, regardless of their direction.
A few weeks ago we ran some statistics to highlight US stocks that were bucking the trend during the selloff, as those would be the areas to focus on if/when equities eventually regained their footing. While many names have fared well, we were a bit early as the market soon broke below our risk management levels, putting us in a position where we no longer want to be long stocks.
As the selling has accelerated recently, we thought it prudent to do a deep dive into World Equity Markets to see where the strength and weakness is, as well as what these indexes are telling us about global breadth. Now that the structural picture has changed for equities it is time to start considering some of the weaker areas around the globe for potential opportunities on the short side.
by JC
This is the video recording of the March 2020 Conference Call.
by JC
This is the video recording of the March 2020 Conference Call.