In the most recent ASC Monthly Conference call, JC laid out a case for what would get him bullish in Anglogold $AU: a break above $24.00.
We’re getting that today.
It’s time to get involved. [Read more…]
Expert technical analysis of financial markets by JC Parets
In the most recent ASC Monthly Conference call, JC laid out a case for what would get him bullish in Anglogold $AU: a break above $24.00.
We’re getting that today.
It’s time to get involved. [Read more…]
From the desk of Steve Strazza @Sstrazza
We don’t need to dig too far into the internals to know breadth has been deteriorating since last week even as the S&P 500 was making new incremental highs. Most large-cap sectors failed to make new highs with the S&P as well as many other major indexes, including small-caps, mid-caps, and Transports.
We’ll talk about this more below. First, here is a new breadth indicator we’re looking at using the Anchored Volume Weighted Average Price (AVWAP).
by Tom Bruni
From the desk of Tom Bruni @BruniCharting
It’s been a while since our last post on Canadian stocks, so today we’re going to take a look at the trends that matter and the related trends.
Post #1 of 2 focuses on sector relative trends.
Post #2 of 2 focuses on the absolute trends and stocks we want to be buying and selling.
by Tom Bruni
From the desk of Tom Bruni @BruniCharting
It’s been a while since our last post on Canadian stocks, so today we’re going to take a look at the trends that matter and the related trends.
Post #1 of 2 focuses on sector relative trends.
Post #2 of 2 focuses on the absolute trends and stocks we want to be buying and selling. [Read more…]
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?
From the desk of Steve Strazza @Sstrazza
We turned bearish on equities in February from a structural standpoint and have been tactically positioning ourselves in both directions since. We’ve taken advantage of the bifurcated market we’re in by continuing to find opportunities on both the long and short side. Right now we believe the near-term risk is to the downside in equities.
How defensive should we be and what will it take for us to turn bullish again?
Last week we put together a list of key levels that we want to see certain assets hold before turning bullish on stocks over any longer-term timeframe. We’re using this as our risk gauge for now.
As promised, we put that list into a table so that we can easily track and update its progress. Let’s dive in and see what the weight of the evidence is telling us right now.
You know who wins in volatile markets? The companies that collect fees on every trade — that’s who. Seems like a no-brainer, right?
And that concludes my deep dive into fundamental analysis.
Now let’s take a look at a great technical setup in the exchanges space.
by JC
This is an intermarket world that we live in. If you think what happens in the commodities and bond market isn’t directly tied with what’s also happening in the stock market, you’ve got a lot of homework to do.
You guys who have been following around along time know that we start out every single conversation about the stock market with, “Okay, what are bonds and commodities doing”. It starts there. And then we go into the asset in question.
Look at Crude Oil still crashing down to new multi-decade lows: [Read more…]