From the desk of Tom Bruni @BruniCharting
My tweet this morning got some traction, so I figured I’d think out loud and give you some things to think about over the weekend.
Expert technical analysis of financial markets by JC Parets
by Tom Bruni
From the desk of Tom Bruni @BruniCharting
My tweet this morning got some traction, so I figured I’d think out loud and give you some things to think about over the weekend.
by Tom Bruni
From the desk of Tom Bruni @BruniCharting
Thanks to everyone who participated in this week’s Mystery Chart.
Most were looking at this as a potential inflection point and waiting for more info, so let’s get into what it was and what our interpretation is.
by JC
This is Part 2 of my Happy Hour with Brian Shannon and Joe Fahmy. I learn something new from these guys every time we chat.
In this video we discuss the importance of Risk Management and why paying attention to our own emotions and behavior patterns is so critical.
Make sure to also check out Part 1 of this Episode.
The title of this trade plan is a modified take on a famous old floor traders saw. Basically, when experienced floor traders saw the entire pit screaming to hit the same bid or offer, the rule of thumb was to give ’em what they want. Take the other side and close your position when all those same lemmings try to hit the exits at the same time too.
It was the second easiest money on the floor (first was “trading against paper” — which is you and me.)
The trade I’m putting on the board is a loose take on this idea. But instead of fading direction, we’re going to fade the volatility premium priced into Gold options today. [Read more…]
From the desk of Steve Strazza @Sstrazza
Every week we publish performance tables for a variety of different asset classes and categories along with commentary on each.
Looking at the past helps put the future into context. In this post, we review the relative strength trends at play and give our outlook and some of the things we’re watching for in the week ahead.
This week we’re going to highlight our International ETF and Global Index tables, and focus on some of the rotation we’re seeing into more offensive assets across the board. Let’s dive into it.
From the desk of Steve Strazza @Sstrazza.
Welcome to this week’s edition of “Under The Hood.” You can read more about the column here.
What we do is analyze the most popular Robinhood stocks over the trailing week and find opportunities to either join in and ride these momentum names higher, or fade the crowd and bet against them.
This week we have a handful of trade ideas on the long side, many of which belong to the Health Care space and are working on Covid-19 vaccines.
We’ll also walk through a number of mega-cap bellwethers and get a feel for what’s going on in that space.
by Tom Bruni
From the desk of Tom Bruni @BruniCharting
Cryptocurrencies are back on our radar for the first time in a while…but we’re not talking about Bitcoin, which remains stuck below a year of overhead supply.
Instead, our focus is on Ethereum, which is breaking out on an absolute and relative basis.
Let’s get into it.
JC’s been pounding the table to me about Abbott Labs $ABT for a couple weeks now.
I’ve been slow playing it, waiting for some new highs. We’re getting them now. It’s time to get involved.
The base $ABT formed over the last three months is a thing of beauty. And the fact that it’s in a hot sector and printing new all-time highs is only sweetener. Then when you add in the fact that options premiums are at the lowest levels since March and I’m starting to get pretty excited. [Read more…]