Wednesdays are becoming my favorite trading day of the week.
What the heck is so special about Wednesday? Well, nothing really. But it’s the day when all the All Star Charts analysts converge on a weekly internal zoom call and throw out our best observations and ideas. We start identifying themes. What’s new? What’s old? Where aren’t people looking? Where are our blind spots? What would have to happen for us to change our view? What’s the best music to listen to while charting and strategizing? (I prefer anything instrumental — no singing).
Now, to be fair, when the nerds start geeking out about currency pair relationships and long-end versus the short-end of interest rates, that’s when I pretend to be listening and interested. But when the conversation comes back around to individual stocks, that’s when my ears perk up.
So, today, when it came around the horn to me, I mentioned to the guys that I’m really liking this setup in Valvoline $VVV that the team highlighted in their most recent Young Aristocrats report. [Read more…]