My favorite setups are stocks making new all-time highs after emerging from a consolidation.
My second favorite setup is a 52-week breakout.
We’re on the cusp of getting one in Autodesk $ADSK.
Check out this chart:
Expert technical analysis of financial markets by JC Parets
My favorite setups are stocks making new all-time highs after emerging from a consolidation.
My second favorite setup is a 52-week breakout.
We’re on the cusp of getting one in Autodesk $ADSK.
Check out this chart:
by JC
These are the registration details for our LIVE Mid-month Conference Call for Premium Members of All Star Charts.
Our Live Call will be held on Monday December 18th @ 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 Monday night: [Read more…]
From the Desk of Steve Strazza @sstrazza and Alfonso Depablos @Alfcharts
This is one of our favorite bottom-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.
From the desk of Steve Strazza @Sstrazza.
Welcome back to Under the Hood, where we’ll cover all the action for the week ended December 8, 2023. This report is published bi-weekly, in rotation with The Minor Leaguers.
What we do here is analyze the most popular stocks during the week and find opportunities to either join in and ride these momentum names higher, or fade the crowd and bet against them.
We use a variety of sources to generate the list of most popular names.
There are so many new data sources available that all we need to do is organize and curate them in a way that shows us exactly what we want: a list of stocks that are seeing an unusual increase in investor interest.
Click here for a behind-the-scenes look at our process.
Whether we’re measuring increasing interest based on large institutional purchases, unusual options activity, or simply our proprietary lists of trending tickers, there’s a lot of overlap.
by Louis Sykes
From the Desk of Louis Sykes @haumicharts
Remember Solana Summer?
We have fond memories of those times.
But it all changed about two years ago when the crypto market peaked and collapsed.
Going from 250 to the single digits in a little over a year, everybody thought it was the end of Solana… and everything else.
“It’s never going to recover.”
“It’s all over for crypto.”
Now look at us…
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.
by Louis Sykes
From the desk of Louis Sykes @haumicharts
Whenever we want to gauge animal spirits in the precious metals space, we resort to our trusty intermarket ratios.
Two weeks ago in our Gold report, we covered the notable bounce we were witnessing in the Silver/Gold ratio, pointing to brewing risk appetite within this space. And this week, we outlined a bullish trade in the iShares Silver ETF off the back of this recent momentum.
But when we take this relationship one step further, we see a similar situation in the relationship between Silver and Gold mining stocks.
by Louis Sykes
Credit spreads have tightened a good deal since October.
I can’t help but think this is just more classic bull market behavior.
As the major US equity indices have been rallying into year end, we’ve seen confirmation out of a number of credit ratios we track to gauge risk appetite within fixed income markets. Specifically, the the iShares High Yield Corporate Bond ETF $HYG is trading at 52-week highs relative to the iShares 3-7yr Treasury Bond ETF $IEI.