The team is out with a couple bullish pieces on the metals sector this week. This chart in Gold, in particular has my attention:
This looks like an upside move I want to play. [Read more…]
Expert technical analysis of financial markets by JC Parets
The team is out with a couple bullish pieces on the metals sector this week. This chart in Gold, in particular has my attention:
This looks like an upside move I want to play. [Read more…]
by Tom Bruni
From the desk of Tom Bruni @BruniCharting
We’ve been fading gold since September for a variety of reasons, but primarily due to the overwhelming amount of selling being done by Commercial Hedgers.
While many of those conditions still exist our risk management for this thesis has always been Gold closing above 1,600.
This week we’re getting that, so let’s take a look at what’s next and how we’re taking advantage of it. [Read more…]
by Tom Bruni
From the desk of Tom Bruni @BruniCharting
This post is a follow-on to this week’s “Chart of The Week” which covers the recent breakout in Gold.
Here we’ll take a macro look at the Precious Metals space, update our thesis, and outline the best ways to take advantage of it.
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?
by JC
Jeff Hirsch is the Author of the Annual Stock Trader’s Almanac. He, and before that his father Yale Hirsch, has been publishing the must-read almanac every year since 1967. This year is the 53rd edition of the Almanac and a lot of the smartest traders I know keep the most recent copy on their desk. I personally have issues I’ve kept going back decades. When it comes to Seasonality, whether it’s the 1-year cycle, Presidential cycle, or even intra-month and intra-week cycles, Jeff is the person I turn to first. The month of January brings along a ton of information we can use to help us make decisions in the stock market the rest of the year. The track record is pretty spectacular, as we discuss in this episode. Today, Jeff uses these seasonal trends to help him in his role as Chief Strategist at Probabilities Fund Management. In this episode of the podcast we discuss what the down January might mean for the rest of this year, how markets tend to behave on Election Years and why Seasonal trends are so important to recognize.
[Read more…]
Feels to me the stock market is at one of those inflection points. Personally, I’m finding it difficult to find trades that I’m willing to bet too aggressively long here. But on the flip side, I’m not willing to get aggressively short here either. In situations like this, the best move is often to patiently wait for the market to tip her hand. Problem is, we all know waiting is the hardest part (cue Tom Petty).
Of course, there are strategies options traders can employ profitably when the expected move is a sideways chop fest. And the best way to line the odds of profitability more in our favor is to find situations where a sideways grind has already begun to take shape and it is coupled with higher than average volatility being priced into the options. When selling premium, this gives us some nice cushion to absorb some moves.
I’ve found just such a situation for us to take advantage of. [Read more…]
by JC
It’s been a while since we’ve had a conversation about new all-time lows for stocks. But this week we saw the Regional Bank Index Fund close at new all-time relative lows. This is the lowest they’ve ever been.
What’s fascinating is how this is happening just as the Financials Index Fund is attempting to break out to new all-time highs, finally exceeding their 2007 peak before the financial crisis.
Here in this chart you can see the $XLF trying to finally get through those 2007 highs for the first time ever. But Regional Banks are not confirming these new highs. Neither is Momentum or Relative Strength. [Read more…]
by JC
What are you doing on Monday March 9th? Come hang out with us and let’s talk markets! It’s free.
At 2:15 I’ll be hosting a workshop where I’ll walk you through exactly what we’re seeing in the market and what we’re doing about it. I only get 45 minutes, but that should be enough time for me to get through about 100 charts of stocks, indexes in the U.S. and around the world, interest rates, commodities like gold, oil and wheat, currencies for developed and emerging markets and, of course, the intermarket relationships between them all.
Using a top/down approach, we’ll look for stocks to buy and sell using all of the information we have.
Then at 4:15 the same day, I’ll be joined by my esteemed colleague Phil Pearlman for a discussion about markets and human behavior.
As soon as we’re done, we’ll head over to one of the local pubs.
I hope you can make it!
Ping me and let me know if you’re coming!
JC