I continue to wonder what people are so angry about.
More and more stocks keep going up.
Fewer and fewer are going down.
More sectors are participating.
More countries are acting strong.
What’s the problem? [Read more…]
Expert technical analysis of financial markets by JC Parets
by JC
I continue to wonder what people are so angry about.
More and more stocks keep going up.
Fewer and fewer are going down.
More sectors are participating.
More countries are acting strong.
What’s the problem? [Read more…]
by Ian Culley
It’s the weekly currency edition of What the FICC?
Today we’re turning our attention to key commodity currencies for insight into the US dollar’s next directional move.
Check it out!
by Ian Culley
From the Desk of Ian Culley @IanCulley
The 2020 V-shaped recovery has warped investors’ brains.
But this is nothing more than recency bias. In reality, bottoms are a process, not an event.
Don’t fall victim to what’s easy or comfortable. Instead, let’s focus on the facts.
Markets continue to send mixed signals, testing the resolve of even the most disciplined investor. Rather than fight the trend or trendless nature of the markets, I prefer to identify evidence that supports the next directional move.
And there’s one insightful chart atop my deck regarding the direction of the US dollar.
This is the recording from the live November 2022 Conference Call for Members of the Allstarcharts India! Before getting into individual stock ideas in India, we’re going to first start with the global macro perspective. Once we identify the direction of the underlying trends from a structural and broader view, then we’ll dive into the NIFTY Indexes on both longer-term and short-term timeframes. We want to look at Large-caps, Small-caps, and everything in between before getting into the Sector and Industries themselves like Energy, Banks, and Pharma.
This is when we finally break things down to the individual stock scenario with identified risk vs reward opportunities. That is what this is all about – aligning ourselves in the direction of the underlying trend while at the same time identifying where the risk is to make sure the potential reward is skewed exponentially in our favor. You will find that throughout this process we discuss Momentum, Fibonacci and Relative Strength. I encourage you to check out the Education Section so you know exactly where I’m coming from when you hear me mention these tools.
Here is the video in full:
by Ian Culley
From the desk of Steve Strazza @Sstrazza
Monday night we held our November Monthly Conference Call, which Premium Members can access and rewatch here.
In this post, we’ll do our best to summarize it by highlighting five of the most important charts and/or themes we covered, along with commentary on each
Let’s get right into it!
by Ian Culley
It’s the weekly currency edition of What the FICC?!?!
Based on the potential trend reversal underway in the dollar, our bias for the USD has flipped bearish. That means we’re focusing on short USD trade setups.
Today, we’re selling the dollar against the Mexican peso:
Click here to read the post.
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Thanks for watching!
by Ian Culley
From the Desk of Ian Culley @IanCulley
It’s time to short the USD.
Based on the weight of the evidence, our bias for the US dollar has flipped bearish.
Our first shot at betting on a weaker dollar was successful, as the EUR/USD hit its target earlier in the month. That’s encouraging!
But it’s important to note most dollar pairs are running into logical levels of support or resistance.
Many of these charts are messy at best.
Except the Mexican peso.
In fact, no currency has stood its ground during the dollar’s parabolic advance like MXN.
by JC
This is the video recording of the November 2022 Mid-month Conference Call.
We discussed: