This is our ASC Research Q1 2022 Playbook.
- Stocks (International & U.S.)
- U.S. Sectors & Industries
- Market Breadth & Sentiment
- Commodities
- Currencies
- Intermarket Analysis
- Crypto Currencies
- New Trade Ideas
- Overall Strategy
Expert technical analysis of financial markets by JC Parets
by JC
This is our ASC Research Q1 2022 Playbook.
With the current market environment giving us many mixed messages, what better time to dive in and see what’s happening underneath the surface?
by JC
Have you noticed the sense of entitlement from investors left holding the bag in these growth stocks?
Why is that our problem?
The rest of the planet doesn’t care about your obsession with U.S. growth stocks. It’s a much bigger world out there.
Oh, you fell for that narrative about a female rock star portfolio manager?
Too bad.
Oh, you decided to buy stocks that historically do poorly in rising rate environments, during a rising rate environment?
Too bad. [Read more…]
by JC
Do you think the world is coming to an end if Financials are breaking out to new all-time highs?
The answer is no.
If America’s most important sector is leading the way higher, then that probably speaks to more continued rotation, not massive distribution.
Sure, some sectors are getting hit.
Some sectors got hit last year too. Most of them did at some point actually.
But if you recall, when some stocks were struggling, there was always another group coming in to pick up the slack.
In this case, it’s arguably the world’s most important sector: [Read more…]
by JC
We trust the bond market around here.
I don’t have a lot of faith in people, or media or economists. But bonds are something we certainly take seriously.
There’s no bullshit with them.
The biggest players in the world have no choice but to be intimately involved in fixed income markets. So if you’re curious which way the pendulum is swinging, you’ll be able to see it in bonds.
Here’s a quick look at US Interest Rates making new highs – from the 1yr to 10yr yields these are going towards the upper right: [Read more…]
by JC
Until now, the answer to the Growth vs Value question has depended on what type of market cap conversation you’re having.
Through the end of 2021 Large-cap Growth was still a leader. It was the Small-cap Growth stocks that had been crushed most of the year, particularly when compared to the performance of Small-cap Value.
You can see the new 52-week lows in IWO / IWN coming into 2022: [Read more…]
by JC
Wall Street sell side analysts are coming out with their 2022 forecasts.
And we all know how accurate those tend to be 😉
In the latest float of the bear parade, wall street’s sell side analysts are putting out some of the most bearish forecasts in recent memory.
From the WSJ,
And we already know that Individual investors (AAII) and Financial Advisors (II) are much more bearish going into 2022 than they were over the prior two years.
We’re seeing almost half the amount of bulls and twice the bears. [Read more…]
by JC
It’s always fun having Paul Ciana on the podcast. You guys familiar with the show have already heard some our conversations over the years. They’re always insightful, and he always gets me thinking.
While here at Allstarcharts.com we approach the world through the lens of an equities investor, and use other asset classes as a supplement, Paul does the exact opposite. His days both begin and end with the study of fixed-income markets, commodities, and currencies. Paul is the Chief Global FICC Technical Strategist at Bank of America.
In this episode, we dive right into it starting with the US dollar, gold, crude oil, and the most important currency crosses for stock market investors to focus on.
We covered a lot in a very short period. Interested in where rates are going? We cover it. Lumber? Yup! Agriculture? Definitely. Precious metals? How could we not?
You won’t want to miss this one!
Enjoy.
by JC
It’s not a secret around here that market breadth started to deteriorate in February.
If you recall, that’s when everyone had a SPAC.
The IPO index peaked, ARK Funds, Biotech, the new highs list, etc all stopped going up.
But more recently, market breadth is getting all the attention. Everyone is a breadth expert now, you notice?
I’m even getting software developers asking me about my breadth analysis wishlist so they can build it for me. Which I love and I certainly appreciate, but just goes to show you another sign of the times.
The way I see it, if you’re trying to get defensive NOW because of breadth deterioration, I think you might be looking at it completely wrong. [Read more…]