Everyone is used to complaining about how large-cap tech stocks are the leaders of this market.
I think there could be something new for them complain about.
You see, last time the Russell 2000 Small-cap Index was at these levels relative to the Large-cap Nasdaq 100 Index, Small-cap stocks went on a historic run, particularly relative to those large-caps.
It started exactly 20 years ago, from the exact price we're at today.
Earlier this month Meb Faber invited me on to his podcast. I really enjoy doing these, especially when they're a bit outside of the Technical community. While Meb is definitely "one of us", in terms of how he views markets, his audience includes people who might not be as informed about technical analysis and its benefits.
This is where I can try my best to do my part to spread the good word. In this conversation we talked about all sort of things from skiing, to markets, to life.
We had some great responses, most of which were mixed, with a slight majority wanting to "do nothing" and wait to see how price reacts at its former highs.
The chart was the Lithium ETF $LIT, which is breaking out to fresh highs along with a ton of other subsectors within the Materials space right now.
In this post, we will analyze almost every one of the key Materials industry groups to determine whether participation is broadening underneath the surface and supporting the recent strength and rotation into the sector, or vice versa.
The stock that has caught my attention was mentioned in the most recent All Star Charts monthly conference call and it's setting up in a nice base just above our buy level, with plenty of room to the ASC profit target.
Sometimes, I can't help myself when a good pun presents itself. Especially when I can use it to express my inner geekiness in options trading.
This name should be so obvious, it has "interest" in its name.
In yesterday's Members-Only Conference Call, we outlined our view on Precious Metals and provided several new trade ideas in the space.
All of the Miners we looked at were US-listed, so today I want to look to those listed on the TSX to outline which have the best reward/risk at current levels.
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?
Whatever your geopolitical, global macro, moral, or ethical concerns are about the price of gold and its implications about the US dollar, the Fed, the US Economy, etc --- the only truth is price.
And price is telling us that Gold is setting up for another run higher.
