There's nothing more annoying than a stubborn injury that just won't go away. All you want is to exercise or to play a sport, but you're just physically unable to do it.
Among high-level athletes, there are countless stories of seasons, careers, even livelihoods lost due to injury.
I'm quite possibly the furthest thing imaginable from a high-level athlete, but I have been dealing with a minor shoulder injury of my own.
I'm working with physios to get some mobility on my left shoulder back so I can finally make use of the home gym I've recently built in my garage.
It certainly wasn't an acute injury, more of a cumulative thing worsened by living a lazy university student's life. And it's correctable. It might not be easy, but it can be fixed.
There are many types of injuries, some the consequence of normal use, some that stem from genuine human error.
We debuted a new scan recently which goes by the name- All Star Momentum.
All Star Momentum is a brand new scan that guides us towards the very best stocks in the market. We have incorporated our stock universe of Nifty 500 as the base this time around. Among the 500 stocks that we follow, this scan will pump out names that are most likely to outperform the market.
The bulls have moved back into the driver seat over the past few months, as a good deal of technical damage was repaired during the summer rally.
It appears that the weakest stocks have at least stopped falling as growth indexes have transitioned to more constructive, base-building action since late Q2.
And, more recently, the strongest sectors during the current cycle have reclaimed key levels.
We’re talking about materials rallying back into their old range and energy stocks resolving above a shelf of former highs.
As both cyclical sectors are now back above our risk levels, we are looking for the strongest stocks to buy to express a bullish thesis on these groups.
When we think about the strongest stocks within materials, the coal industry and its recent resilience is top of mind.
We see no reason why the relative strength from these stocks shouldn’t continue, so let’s dive in and outline some of our favorite charts in the space.
I can’t think of an area of the market we like more than energy.
Both energy stocks and commodities held up better than their peers during the recent bout of selling pressure. And now that they’re starting to reclaim key levels, we want to put our bullish bias to work.
I recently expressed my growing unease with a short crude oil position, given the mounting bullish evidence in energy. So, let's talk about how I plan to flip the book long crude oil futures on a break higher.
Key Takeaway: It takes bulls to have a bull market. Seeing cyclical sentiment moving from pessimism to neutral in recent weeks has been fuel for the rally off of the June lows. From both a fund flow and survey perspective, investors have been increasing participation since mid-year. But with a robust appetite for Risk On assets still not apparent, the biggest risk from a sentiment perspective is that macro headaches fuel an uptick in pessimism that overwhelms the positive thrust developments of the past few weeks. That could lead to a more complete unwind from a strategic positioning perspective. For now, optimism is on the rise but far from excessive, and that tends to be a sweet spot for stocks.
Sentiment Report Chart of the Week: Households Hold On To Stocks
That's right, we're in the 'hood. Robinhood stock $HOOD, that is.
Steve Strazza has been pounding the table about this name for so long that JC and I finally relented and agreed that it's starting to become that "put up or shut up" time.
With the stock swimming just below $10 per share, JC said: "Let's just leverage into this thing! If it's gonna work, we'll crush it. If it's not going to work, we'll know pretty soon. Below $9 we're out."
