As we look for signs of a tradeable low in Equities, we’re not only looking at breadth and the stock market’s leaders, we’re also looking to the Commodity market for a signal of what’s to come.
Let’s get into why Copper needs to be on your radar.
Expert technical analysis of financial markets by JC Parets
by Tom Bruni
As we look for signs of a tradeable low in Equities, we’re not only looking at breadth and the stock market’s leaders, we’re also looking to the Commodity market for a signal of what’s to come.
Let’s get into why Copper needs to be on your radar.
by JC
This is the video recording of the March 2020 Conference Call.
by JC
Every month I host a Conference Call for members of All Star Charts Pro. From the feedback we get from our readers all over the world, this one feature of our Membership is a fan favorite.
A lot has happened in the past month. You hear things about interest rates getting slashed to zero, viruses impacting stocks all over the world and many things that none of us could have predicted a month ago. However, Technical Analysis gave us the ability to get out of the way and avoid this entire mess. Not only did we want to buy bonds, but we simultaneously wanted to sell stocks!
Today I want to share with you the video of last month’s Live Conference Call. I’ve unlocked it so anyone can watch it, not just Premium Members. I’ve gotten a lot of requests to do this, even from paid subscribers, because opening it up serves as a great educational resource for the future. We can all learn from this, myself included.
Watch the February Conference Call (Feb 11, 2020) and Download the slides here.
Let me know what you think.
by JC
Mike Hurley has been an inspiration to me for many years. When it comes to market breadth, this is the guy. He’ll tell you he learned it from his predecessors and how he’s standing on the shoulders of giants and all those things he discusses in this episode, but for me personally, he’s been a great influence for sure. Many of you know how seriously I take my breadth work and how valuable it has been to so many of us for many years. It’s people like Mike and others who have helped my process evolve to where it is today.
This was a really fun podcast for me because the topic of market breadth and internals is so near and dear to my heart. In this podcast episode, Mike and I talk about history and how different turning points in the stock market have been led by breadth deterioration (at tops) and breadth improvement (at bottoms). We also discuss 2020 so far and how breadth was deteriorating well before the S&P500 and Dow hit their ultimate highs. Once again, it was breadth that got us out of the way of trouble this cycle. Give this one a listen. I think it’s one of those episodes that can live for a lifetime and help people many years (or decades) into the future. [Read more…]
From the desk of Steve Strazza @Sstrazza
Thank you to everyone who responded to this week’s Mystery Chart.
We had a few buyers but most of you were selling at this logical level of interest or exercising patience to see how prices react here. A few responses also pointed out that this likely isn’t the best time to enter on the long side but are anticipating an eventual breakout and would be buyers if and when we get it.
This is the same camp we’d fall into and we provide details why in the original Mystery Chart post. With that as our backdrop, let’s look at the chart.
From the desk of Steve Strazza @Sstrazza
We look at a variety of intermarket ratios that span just about every asset class in order to get a read on interest rates. Here is one that we don’t discuss too often, but its relationship with the 10-Year Yield is obvious from looking at the chart below.
The S&P High Beta/S&P Low Volatility (SPHB/SPLV) ratio made significant lows around the same time and place as the 10-Year has several times over the past decade.
From the desk of Steve Strazza @Sstrazza
Thanks to the handful of you for playing and entertaining this week’s Mystery Chart.
My apologies if this one was a bit of a layup, but that was the point. You were all buyers and so are we. Since we’re all in agreement let’s dive right in and talk about why we’re bullish on this chart but more importantly, why it matters.
by JC
Stocks got hit nicely this week and we did very well in our bond positions. So where do we profit next? [Read more…]