Stocks move first, and then the indexes follow.
It’s a market of stocks, remember?
And while the S&P500 may have just had its 4th consecutive weekly gain of at least 1%, the stocks themselves are NOT doing that. [Read more…]
Expert technical analysis of financial markets by JC Parets
by JC
Stocks move first, and then the indexes follow.
It’s a market of stocks, remember?
And while the S&P500 may have just had its 4th consecutive weekly gain of at least 1%, the stocks themselves are NOT doing that. [Read more…]
This is the weekly post that aggregates all the charts we put together throughout the week and organizes them all into one, easy to flip through deck.
From the desk of Steve Strazza @Sstrazza
Our International Hall of Famers list is composed of the 100 largest US-listed international stocks, or ADRs.
We’ve also sprinkled in some of the largest ADRs from countries that did not make the market cap cut.
These stocks range from some well-known mega-cap multinationals such as Toyota Motor and Royal Dutch Shell to some large-cap global disruptors such as Sea Ltd and Shopify.
It’s got all the big names and more–but only those that are based outside the US. You can find all the largest US stocks on our original Hall of Famers list.
The beauty of these scans is really in their simplicity.
We take the largest names each week and then apply technical filters in a way that the strongest stocks with the most momentum rise to the top.
Based on the market environment, we can also flip the scan on its head and filter for weakness.
Let’s dive in and take a look at some of the most important stocks from around the world.
by Ian Culley
From the Desk of Ian Culley @IanCulley
Holy reversals, Batman!
The tactical direction flipped for the dollar and rates this morning on the heels of stronger-than-expected job growth.
Whipsaws are dotting the charts, erasing weeks of progress.
How should we react?
Today, I want to show you a trade we can take to sidestep the market chop.
by JC
There’s nothing like a good rug pull.
Especially when I’m able to make money from it. [Read more…]
We’re gonna keep this quick cuz I’m on the road doing errands.
I just got off the phone with JC, who called me in the car. His “spidey senses” are tingling and he thinks there might be a low-risk/high-reward opportunity to short the broader indexes here.
He likes it both as a standalone bearish bet and as a portfolio hedge against a bunch of longs that are working for us right now.
Today’s trade is a “keep it stupid simple” kinda trade that might take a little intestinal fortitude if you do not enjoy buying stocks at all-time highs.
But in my experience, these are the types of stocks that continue to defy odds.
So let’s get after it.
by JC
February is one of the worst months of the year to own stocks.
Is that why we’ve been seeing all this rotation into defensive sectors?
Think about it, we haven’t seen any rotation at all into Consumer Staples this entire bull market.
Until now.
And if you go back and study the history of bag holders, you’ll notice that they love buying stocks when Consumer Staples finally start to become leaders.
This is classic rotation you see quite often ahead of a tough time for the market: [Read more…]