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"Only 5-10 stocks are holding up this market"

April 5, 2023

Have you heard the latest?

They're telling us that only 5-10 stocks are holding up this market.

How dumb do they think we are?

Go look for yourself.

I count well over 100 stocks that are over $10B market cap with returns greater than 20% just in 2023 alone. These are NYSE and Nasdaq stocks.

Half of those are up over 30%.

And many more are up over 40%.

All Star Charts Premium

Will EM Currencies Rip as the Dollar Dips?

April 4, 2023

From the Desk of Ian Culley @IanCulley

The US Dollar Index $DXY is dropping – and our bearish USD trade ideas are beginning to trigger.

While I tend to stick to major developed-market (DM) currencies for placing trades, I still monitor the less liquid forex pairs for information. 

I want to see DM currency strength spill over into emerging-market (EM) currencies, confirming the broadening US dollar weakness. 

As always, I strive to break it down to one level, one chart, whenever possible. 

This next chart does the job…

Here’s the WisdomTree Emerging Currency Fund ETF $CEW:

Collaborative Profits

April 4, 2023

Strazza and I have been having fun discussing options stuff on Twitter Spaces over the past few weeks. Even our friend Brian Lund (@bclund) has been contributing mightily to the conversations.

The topic of discussion has mostly centered around 0-DTE – or daily expiring – options and some experimentation I’ve been doing in this very active corner of the options market. While I will continue to talk about that, we decided we want to broaden out the topic material to include anything else we’re seeing that we can trade with options.

We’ll discuss trades we have on, trades we might be considering entering or anything else that feels topical in the world of options.

During the calls, we like to encourage audience participation. One piece of feedback I’ve heard from a few of you is that you don’t know how to actually participate. “Where’s the button to raise my hand?”

It would be weird

April 4, 2023

Asset prices trend.

We know this.

We all have the data.

Just because some (most) investors choose to ignore it, doesn't mean that moves in stock prices are random.

They're not.

Stock prices trend.

It's just math. Or science maybe. Or both, I don't know.

But they do trend. This we know is a fact.

And since last June, the majority of stocks have been appreciating in price. And very few stocks have been falling in price, to the point where there are almost no stocks that are still falling.

So if stocks were not going up in price in this environment, that would be really weird.

Cormorant Likes BMEA

April 4, 2023

Today’s most significant insider transaction report is a Form 4 filing by Cormorant Asset Management.

The firm revealed a purchase of $12 million in Biomea Fusion $BMEA.