Today’s trade is in a $79B company that provides software, hardware, services, and reusable integrated circuit design blocks.
Here is a chart of Cadence Design Systems $CDNS: [Read more…]
Expert technical analysis of financial markets by JC Parets
Today’s trade is in a $79B company that provides software, hardware, services, and reusable integrated circuit design blocks.
Here is a chart of Cadence Design Systems $CDNS: [Read more…]
From the Desk of Steve Strazza @Sstrazza
Welcome to The Junior International Hall of Famers.
With the goal of finding more bullish setups, we have decided to expand one of our favorite scans and broaden our regular coverage of the largest US-listed international stocks, or ADRs.
This scan is composed of the next 100 largest stocks by market cap, those that come after the top 100 and are thus covered by the International Hall of Famers universe.
Many of these names will someday graduate and join our original International Hall Of Famers list. The idea here is to catch these big trends as early on as possible.
Let’s dive right in and check out what these future big boys are up to.
From the Desk of Steve Strazza @Sstrazza
When investing in the stock market, we always want to approach it as “a market of stocks.”
Regardless of the environment, there are always stocks showing leadership and trending higher.
We may have to look harder to identify them depending on current market conditions. But there are always stocks that are going up.
The same can be said for weak stocks. Regardless of the environment, there are always stocks that are going down, too.
We already have multiple scans focusing on stocks making all-time highs, such as Hall of Famers, Minor Leaguers, and the 2 to 100 Club.
We filter these universes for stocks that are exhibiting the best momentum and relative strength characteristics.
Clearly, we spend a lot of time identifying and writing about leading stocks every week, via multiple reports.
Now, we’re also highlighting lagging stocks on a recurring basis.
Today is Day Two for the All Star Charts team hosting our Portfolio Accelerator event in New York City.
During our group conversations today, Strazza and I put our heads together and put on this trade in Snowflake $SNOW.
For the past seven weeks, it was “do-or-die” for my favorite football team, the Buffalo Bills.
They came into the season as one of the favorites to make it to the Super Bowl. Las Vegas even had them at good odds to win it all for the first time in franchise history.
Of course, nobody can predict the future. Not in sports, not in markets, not anywhere.
And naturally, the real world had different ideas.
Twelve games into the seventeen-game season, it looked like all was lost and Bills fans would have to “wait ’til next year” once again. The Bills’ record was just 6-6 and they were looking up at 10 teams ahead of them in line for only 7 available playoff spots.
It looked like it was over. They faced a situation where their only real path to make it to the playoffs was to win their final five games. And those final five games were scheduled against a gauntlet of teams who were locks for the playoffs already — each with their own valid dreams of winning the Super Bowl.
But the Bills won against the Chiefs in Kansas City (I was there!). They beat Dallas. Then the Jets. Then New England. Finally, they finished off Miami to make the playoffs. And they continued the streak by beating their first playoff opponent, the Pittsburgh Steelers.
But this post isn’t about all that winning. It’s about HAVING to win.
The Bills put themselves in the unenviable position of playing MUST-WIN games for 5 straight weeks before entering the playoffs tournament which are also MUST-WIN games if one hopes to win the Super Bowl. All in, they would’ve had to win nine straight MUST-WIN games to become Super Bowl Champions.
Talk about long odds!
As the Kansas City Chiefs were running out the clock to eliminate my Buffalo Bills in this past Sunday’s game, I couldn’t help but think about the times I’d inadvertently found myself trading as if I HAD TO WIN.
Sometimes I was trading as if I had to win because I’d been on a terrible losing streak and I just wanted to get back to even. You might call this revenge trading. I’m not sure whether it was fear of accepting that I’d lost, or greed to get back what I viewed as “mine” that would drive me during these times, but I can tell you the end result was usually the same — more losses. [Read more…]
Hey folks…
The entire All Star Charts team is presently in NYC hosting our Portfolio Accelerator event. So I will skip the preamble and get right to the point for today’s trade in $TSM… [Read more…]
From the Desk of Steve Strazza @Sstrazza.
Welcome back to Under the Hood, where we’ll cover all the action for the week ended January 19, 2024. This report is published bi-weekly, in rotation with The Minor Leaguers.
What we do here is analyze the most popular stocks during the week and find opportunities to either join in and ride these momentum names higher, or fade the crowd and bet against them.
We use a variety of sources to generate the list of most popular names.
There are so many new data sources available that all we need to do is organize and curate them in a way that shows us exactly what we want: a list of stocks that are seeing an unusual increase in investor interest.
Click here for a behind-the-scenes look at our process.
Whether we’re measuring increasing interest based on large institutional purchases, unusual options activity, or simply our proprietary lists of trending tickers, there’s a lot of overlap.
by Ian Culley
From the Desk of Ian Culley @IanCulley
First, gold failed to hold its breakout to new all-time highs.
Then, the silver-to-gold ratio undercut a critical shelf of former lows.
Now, the Gold Miners ETF $GDX is printing a new all-time low versus the broader market!
Is there any sane reason to bet on the miners right now?
Let’s take a look…