The strategy was simple: long Coinbase $COIN above the May lows while cutting our losses below there.
And, lo and behold, it took out those pivot lows. Like any responsible trader using good risk-management practices, we took the loss on the chin and got out of the position.
We were either plain wrong or got the timing off on the trade, so we stuck to our plan and obeyed the price action. We thought the stock was good for a bounce.
We retired our "Five Bull Market Barometers" in 2020 to make room for a new weekly post that's focused on the three most important charts for the week ahead.
This is that post, so let's jump into this week's edition.
This week we're looking into the Healthcare Sector. On a broader level, it is a weak sector, but a few stocks are moving higher along strong segments of the market.
Dividend Aristocrats are easily some of the most desirable investments on Wall Street.
These are the names that have increased dividends for at least 25 years, providing steadily increasing income to long-term-minded shareholders.
As you can imagine, the companies making up this prestigious list are some of the most recognizable brands in the world. Coca-Cola, Walmart, and Johnson & Johnson are just a few of the household names making the cut.
Here at All Star Charts, we like to stay ahead of the curve. That's why we've turned our attention to the future aristocrats.
In an effort to seek out the next generation of the cream-of-the-crop dividend plays, we curate a list of stocks that have raised their payouts every year for five to nine years.
We call them the Young Aristocrats, and the idea is that these are "stocks that pay you to make money."
Imagine if years of consistent dividend growth and high momentum and relative strength had a baby, leaving you with the best of the emerging dividend giants that are outperforming the averages.
The Bank of Japan hasn’t officially raised rates and is continuing to buy Japanese government bonds. But its surprise decision to stop defending the 0.25% ceiling on 10-year bond yields has reverberated through the global financial markets.