This is the video recording of our February 5th Monthly Charts Live Strategy Session
The market wasted no time starting to sell off in the month of February.
Remember, this is historically one of the worst months of the year to own stocks.
Also, the best 3 month period of the year (Nov-Jan) just came to an end.
So if stocks weren’t selling off, that would be weird. [Read more…]
Let me remind everyone what a bad idea it is to sell naked calls.
We don’t do it.
I often want to do it.
Many times, it makes sense to do it.
But the answer is always no.
It’s just not worth it.
Go ask around. The old timers will tell you.
“Don’t do it kid”
But that doesn’t mean that as a philosophy, we shouldn’t approach the market with that sort of “naked call selling” mentality, at least for the foreseeable future. [Read more…]
The S&P500, Dow Jones Industrial Average and Nasdaq100 all went out last week at new all-time highs. Again.
We’re now officially in Month #20 of this bull market that began in June of 2022.
We’ve seen some corrections along the way, and my bet is that we see more of them this year.
One could argue that stocks have already been correcting over the past 6 weeks. [Read more…]
From the desk of Steve Strazza @Sstrazza
Last week, we held our January Monthly Conference Call, which Premium Members can access and rewatch here.
In this post, we’ll do our best to summarize it by highlighting five of the most important charts and/or themes we covered, along with commentary on each.
Let’s get right into it!
This is the video recording of the January 2024 Mid-month Conference Call.
Coming into 2024, we already had a nice list of things that needed to happen to approach the market from a much more defensive perspective.
Let’s remember that throughout the 4th quarter we were going out of our way to be more aggressive than even we were accustomed to.
It was a different environment.
And while we did not know what 2024 would bring, we still don’t, at least we came in with a good list of developments that would likely be occurring before a more severe correction was underway.
Remember, the new highs list peaked on December 14th. So that means we’re over a month into a market correction that you can only see taking place underneath the surface if you bother to look.
Here’s how each of the sectors have performed during this correction: [Read more…]
US Treasury Bonds continue to be one of the best ways to underperform during bull markets.
Yesterday the Nasdaq100 closed at new ALL-TIME highs relative to US Treasuries.
In bull markets, the best stocks not only do well on an absolute basis, but they also outperform their alternatives.
Treasury Bonds are a good alternative to stocks, of course. Just not during raging bull markets: [Read more…]