This is the video recording of our July 6, 2021 Monthly Charts Live Strategy Session
Yen Strength Bubbles Up
From the desk of Steve Strazza @Sstrazza and Ian Culley @Ianculley
As US Dollar strength unfolds and US treasuries continue to catch a bid, it’s no wonder our motto around here has been bonds, cash, champagne.
It’s been working, and it continues to work!
We’ve been downright obnoxious about our tactical view of the US Dollar over the past month.
A potential bounce was developing, strength emerged, and we pointed out numerous crosses in which the dollar was poised for a push higher.
The market environment directed our focal point toward the Dollar. And now that it appears risk is coming off the table, we’re shifting our focus to the Yen.
Usually, when we talk about risk-on/risk-off behavior and the Yen, the AUD/JPY is at the center.
But let’s take it a step further to gain a broader perspective by looking at numerous Yen fx pairs.
Follow The Flow (07-06-2021)
From the desk of Steve Strazza @sstrazza
This is one of our favorite bottoms-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. What remains is a list of stocks that large financial institutions are putting big money behind… and they’re doing so for one reason only: Because they think the stock is about to move in their direction and make them a pretty penny.
Then we flip through our list of stocks flashing unusual activity and pick the best setups using many of the same technical filters we do for our other scans. And just like that, we’ll follow the money flow and fatten our own pockets along with some of the world’s most powerful financial institutions.
The Minor Leaguers (07-05-2021)
From the desk of Steve Strazza @Sstrazza
Welcome to our latest “Minor Leaguers” report.
We’ve already had some great trades come out of this small cap-focused column since we launched it late last year and started rotating it with our flagship bottoms-up scan, “Under The Hood.”
To make the cut for our Minor Leagues list, a company must have a market cap between $1 and $2B. There are also price and liquidity filters. Then, we simply sort by proximity to new highs in order to focus on the best players only.
The goal is to catch the strongest names while they’re small and still 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 5-10x 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.
Some Stocks Are Going Up. Most Are Not.
There are stocks going up and there are stocks that are not going up.
What you’re not really seeing is many stocks going down.
That’s probably the best way to describe this market.
We’ve outlined our long positions, particularly those that have been showing relative strength and positive momentum. Those areas are working.
But most stocks are not.
You can see the difference in the Value Line indexes, when we compare them to the S&P500. Think of these more of the “Median” stock: [Read more…]
[Premium] Details For July 2021 Monthly Strategy Session
These are the registration details for our Live Monthly Candlestick Strategy Session for Premium Members of All Star Charts.
This month’s Video Conference Call will be held on Thursday July 6th @ 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.
Here are the details for Tuesday evening: [Read more…]
Commodities Weekly: Base Metals Hang Tough as Copper Corrects
From the desk of Steven Strazza @Sstrazza and Ian Culley @Ianculley
June is officially in the books!
Now, it’s time to dig into a fresh batch of monthly candles…
As everyone prepares to celebrate over the long weekend, we’re pouring over our monthly charts to reconnect with the primary trend.
And we witnessed some key developments in the commodity markets in June that are hard to ignore:
- Lumber was down almost 45%
- Copper was down 8%
- Natural Gas was up 24%
- Crude Oil was up 10%
Tumbling lumber futures and copper’s failure to hold above its former 2011 highs raised caution for risk assets.
On the flip side, natural gas and crude oil continued to show strength, supporting the potential rotation into energy we highlighted in last week’s post.
But what stands out when reviewing our charts is the resiliency of other base metals as copper prices correct.
Let’s take a closer look at a few charts that go beyond good old Dr.Copper. [Read more…]
[Options] Monthly Positions Review – July
Once again this month, I’m going to share info on positions that were closed in the month of June. As a reminder, our exit plans are always laid out ahead of time in each trade idea we publish. In every case, the exits mentioned below were all in accordance with the plans as laid out.
As we head towards July expiration, we have six open positions remaining with expiring July options.
Positions with July options that need monitoring: [Read more…]
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