It’s the weekly currency edition of What the FICC?
It’s victory at sea across currency markets. But it’s not stopping the US dollar from cutting through the chop…
Check it out!
Expert technical analysis of financial markets by JC Parets
by Ian Culley
It’s the weekly currency edition of What the FICC?
It’s victory at sea across currency markets. But it’s not stopping the US dollar from cutting through the chop…
Check it out!
by Louis Sykes
The most underrated element of technical analysis has to be relative strength.
It’s impossible to outperform your benchmark if you own assets that are underperforming.
Much of this work is grounded in the overarching notion that asset prices trend while volatility mean-reverts.
But humans behave as if it’s the opposite.
Relative strength is merely denominating prices in a different asset than the native currency. Like price trends, relative strength also exhibits a tendency to trend, rather than mean-revert.
So, what does that mean?
From the Desk of Steve Strazza @Sstrazza
When investing in the stock market, we always want to approach it as “a market of stocks.”
Regardless of the environment, there are always stocks showing leadership and trending higher.
We may have to look harder to identify them depending on current market conditions. But there are always stocks that are going up.
The same can be said for weak stocks. Regardless of the environment, there are always stocks that are going down, too.
We already have multiple scans focusing on stocks making all-time highs, such as Hall of Famers, Minor Leaguers, and the 2 to 100 Club.
We filter these universes for stocks that are exhibiting the best momentum and relative strength characteristics.
Clearly, we spend a lot of time identifying and writing about leading stocks every week, via multiple reports.
Now, we’re also highlighting lagging stocks on a recurring basis.
by Ian Culley
From the Desk of Ian Culley @IanCulley
Challenging conditions prevail across currency markets.
It’s victory at sea!
But that’s not stopping the dollar from cutting through the chop.
Does that mean it’ll go on a run, applying downside pressure on risk assets?
It’s tough to say.
Nevertheless, I have one chart for you that provides clarity as the dollar begins to make its move.
Slippery markets make for rising options premiums. And one sector ETF is currently rising head and shoulders above the rest, offering some juicy premiums for us to sell into along with a wide risk management band for us to dance in.
So let’s take advantage of the rising fear in this sector for an opportunistic trade and potentially quick profits.
by JC
This is the video recording of the February 2023 Mid-month Conference Call.
by Ian Culley
The stage is set for an epic rally. The catalysts are in place.
Yet messy conditions persist as we await ignition and blast off.
Regardless, we can use the current environment to find the most buoyant and promising names.
Check it out… [Read more…]
by Ian Culley
From the Desk of Ian Culley @IanCulley
With the dollar beginning to rise, gold and silver are coming under some selling pressure.
Nevertheless, these shiny rocks and their related mining stocks are hanging tough.
Instead of getting bent out of shape, I plan on using the recent bout of selling as an opportunity.
When markets come under pressure, it’s time to identify the most resilient names.
Why?
The strongest stocks will likely lead the next leg higher.
Some call it the “beachball” effect. These names tend to rip higher after sellers fail to submerge these stocks.
And I have a potential beachball of a gold mining stock I want to share with you today…