These are the registration details for our live mid-month conference call for Premium Members of All Star Charts.
Our next Live Call will be held on Monday March 21st at 6PM ET. As always, if you cannot make the call live, the video and slides will be archived and published here along with every other live call since 2015.
The most notable names with the big gains these last two three days have been sugar stocks. And today we're going to go over a bunch of stocks that are displaying great strength and momentum at present. It's a sweet deal you guys, you're gonna wanna check it out!
Sugar stocks continue to power through and are the sweet spot of the market. They benefit from the rising ethanol price and broad strength in the agriculture produces segment.
High Beta vs. Low Volatility, Copper vs. Gold, and our custom Risk-On vs. Risk-Off ratio have all gone nowhere since the beginning of 2021.
The Australian dollar/Japanese yen also falls into the range-bound category, as the risk-on pair looks a lot like the ratios we just mentioned.
But AUD/JPY has been showing resilience the past few weeks and is currently challenging the upper bounds of its multi-month range.
Since most risk appetite indicators aren’t giving us much in the form of new information these days, an upside resolution from AUD/JPY would be a major development.
It hasn’t happened yet, but things are certainly setting up that way.
In today’s post, we’ll dive into one of our favorite risk-on/risk-off gauges – the AUD/JPY cross - and discuss what it’s currently suggesting about risk-seeking behavior.
Risk On index remains stalled, Risk Off components gaining strength
Use breadth thrusts as guide that Risk On appetites have returned
The headlines remain noisy, but the message of the market is one of risk off leadership. Our Risk Off - Risk On Range-O-Meter shows the risk off component in most of these asset pairs gaining strength. Of the 20 pairs displayed here, only three (Value vs Growth, Aussie Dollar vs Yen, Lumber vs Gold) have the risk on component anywhere near new relative highs. In more than half the cases, the risk off component is within 10% of its highest level in the past year. This pair-wise intermarket view confirms the message from our Weight of the Evidence dashboard that argues for caution as conditions have deteriorated. The rest of this piece puts the current readings from this range-o-meter into some historical context and takes a closer look at our ASC+Plus Risk On & Risk Off Indexes.
Abdiel Capital filed a Form 4 yesterday revealing a purchase of an additional 105,500 shares in the software company Appian Corp $APPN.
The firm also made a large purchase in February in the amount of roughly $6.5 million. It now owns nearly 6 million shares of APPN, representing an ownership stake of approximately 14%.
Another software stock, Shift4 Payments $FOUR, had insider activity reported, as the chairman of the board and CEO, Jared Isaacman, filed a Form 4 revealing a purchase worth approximately $1.7 million.
Price trends have been a tad bit clear in the week gone by and some of that has translated to new trade ideas. This week we're looking at a name from the Consumer Durables sector.
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.
We’ve had some great trades come out of this small-cap-focused column since we launched it back in 2020 and started rotating it with our flagship bottom-up scan, Under the Hood.
We recently decided to expand our universe to include some mid-caps…
For the first year or so, we focused only on Russell 2000 stocks with a market cap between $1B and $2B.
That was fun, but we wanted to branch out a bit and allow some new stocks to find their way onto our list.
The way we did this is simple…
To make the cut for our new Minor Leaguers list, a company must have a market cap between $1B and $4B.
This is one of our favorite bottom-up scans: Follow the Flow.
In this note, we simply create a universe of stocks that experienced the most unusual options activity — either bullish or bearish, but not both.
We utilize options experts, both internally and through our partnership with The TradeXchange. Then, we dig through the level 2 details and do all the work upfront for our clients.
Our goal is to isolate only those options market splashes that represent levered and high-conviction, directional bets.
We also weed out hedging activity and ensure there are no offsetting trades that either neutralize or cap the risk on these unusual options trades.
It has an ominous name, but not much of a signal. The so-called “Death Cross” occurs when the 50-day average closes below the 200-day average. Today, for the 25th time since 1970, that will happen for the S&P 500. This table shows both where the S&P 500 tends to be in relation to its peak when these Death Crosses have occurred in the past and the experience of the index in the wake of past crosses.
