Here are the returns of a series of country ETFs since October.
Notice how the ones from the U.S. are further down the list than you might expect.
At the top you’ve got Argentina, Peru, Colombia and Mexico: [Read more…]
Expert technical analysis of financial markets by JC Parets
by JC
Here are the returns of a series of country ETFs since October.
Notice how the ones from the U.S. are further down the list than you might expect.
At the top you’ve got Argentina, Peru, Colombia and Mexico: [Read more…]
No setup gets me more excited than buying a fresh new all-time high.
There are no bagholders looking to unload their losing position to breakeven. Every investor or trader holding a long position is making money. And every trader holding a short position is losing money and the only way they correct that sad state of affairs is to buy stock to stop their losses.
In other words, blue skies above.
This doesn’t guarantee success on a long trade here, of course. But these are the types of trades that commonly lead to my biggest gains.
Here’s a weekly chart of semiconductor name Analog Devices $ADI: [Read more…]
by JC
The Small-cap Indexes in America have had a tough time for a while now.
Since the start of 2022, both of these Small-cap Indexes have actually produced a negative return.
The S&P600 Small-cap Index requires companies to have a track record of earnings in order to be included in the index.
The Russell2000 lets anyone in. It doesn’t matter how much money you lose, if your market cap is above $300 Million, then you’re in.
Both of them have been terrible.
by Ian Culley
From the Desk of Ian Culley @IanCulley
Stock market bulls are scooping and scoring as the Nasdaq Composite, the S&P 500, and the Dow Jones Industrial Average all show green.
Stocks and rocks should benefit on the heels of renewed rate-cut hopes.
Today, I’ll outline a name that checks both boxes.
Spoiler alert: It’s a prime candidate for a short squeeze…
From the Desk of Steve Strazza @Sstrazza
Welcome to The Minor Leaguers.
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.
For the first year or so, we focused only on Russell 2000 stocks with a market cap between $1 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.
We expanded our universe to include some mid-caps.
To make the cut for our Minor Leaguers list now, a company must have a market cap between $1 and $4B.
And it doesn’t have to be a Russell component — it can be any US-listed equity. With participation expanding around the globe, we want all those ADRs in our universe.
The same price and liquidity filters are applied. Then, as always, we sort by proximity to new highs in order to focus on the best players.
The goal is to catch the strongest names while they’re small and have serious upside potential. If any of these stocks ever climb the ranks to the big leagues, the returns could be huge.
We’re looking at up to 10x moves just to break into large-cap land!
Let’s dive into this week’s report and see what’s happening in some of the hottest stocks in the Minor Leagues.
by JC
It’s amazing what price action can do to change sentiment.
We went from frothy optimism just a couple of months ago, to a much more pessimistic environment for investors.
This table below is a great summary of the different gauges we look at to measure sentiment and what they’ve done over the past month.
The blue diamonds are the current readings and the gray triangles represent where these were a month ago. [Read more…]
by JC
What’s on your mind these days?
I’ll tell you what I’m thinking about.
I’m used to a market where stocks struggle when the US Dollar are US rates are rising. And that’s what we’ve seen all year.
And while the data certainly points to a market of stocks that have been grinding mostly sideways over the past few months, stocks haven’t done nearly as bad as you’d think, considering just how strong the Dollar has been and how much rates have risen.
So the question for me is whether these consolidations are going to resolve higher or lower?
And what the implications might be….
A lower resolution here could be a massive tailwind for stocks.
Remember, during Election years, the market tends to bottom in May ahead of a very strong summer, particularly when there is an incumbent candidate.
If these resolutions are, in fact, to the downside, then that’s exactly what I would expect to see happen: [Read more…]
This is the weekly post that aggregates all the charts we put together throughout the week and organizes them all into one, easy to flip through deck.