Expert technical analysis of financial markets by JC Parets
In a recent Under the Hood piece, we highlighted a software name that is breaking out of a major base and happens to be in the news — which has the social medias chirping.
Price action today is giving us a good opportunity to get in on a pullback for an opportunistic bet for potentially uncapped gains. [Read more…]
The stock that has caught my attention was mentioned in the most recent All Star Charts monthly conference call and it’s setting up in a nice base just above our buy level, with plenty of room to the ASC profit target.
Sometimes, I can’t help myself when a good pun presents itself. Especially when I can use it to express my inner geekiness in options trading.
This name should be so obvious, it has “interest” in its name.
Wait for it… [Read more…]
For those of you who couldn’t attend the complimentary All Star Charts Members-Only September 2020 Conference Call, here is a video recording. Enjoy!
Whatever your geopolitical, global macro, moral, or ethical concerns are about the price of gold and its implications about the US dollar, the Fed, the US Economy, etc — the only truth is price.
And price is telling us that Gold is setting up for another run higher.
Sorry if that conflicts with your world view? [Read more…]
I don’t trade Chinese stocks often. But when I do, I most definitely define my risks up front. I don’t want to be the next person to become “UnLuckin’d”, if you know what I mean…
With that in mind, there’s a chinese stock that showed up on our recent Under the Hood report that has caught my interest for a tactical play. [Read more…]
You’d be forgiven if you read this headline and completely discarded this blog post to the trash heap. I feel you. But assuming you’re reading these words, you seem to be willing to entertain the possibility of “unpopular” ideas.
In my experience, when getting bearish on a stock or an index, it is rarely a smart play (statistically speaking) to purchase straight long puts. The reason being that if I’m spotting a bearish opportunity, then likely the rest of the world sees it too and therefore people are probably getting nervous and beginning to hedge their long positions with puts or are starting to bid up speculative downside bets. In either case, it usually inflates the implied volatility in the options pricing, making puts an unfavorable purchase.
But every so often, we find a case where a stock or an index has really just worn people out and people have just lost interest. And when the security starts to show signs of losing support, the opportunistic speculator can get ahead of the crowd before the opportunity becomes obvious to everyone else.
This appears to be the situation in the Energy Sector ETF $XLE. [Read more…]
Well well well… markets go in both directions. Who knew??
I jest of course, but man it was starting to feel like the market will only go up forever. And naturally, when market participants start feeling that way and then they are suddenly hit with a small dose of reality, those of us caught leaning the wrong way tend to panic.
But the panic always recedes as cooler heads prevail and realize that they may have overreacted. This is the bet I’m willing to make right now with today’s trade. [Read more…]
So is this two-day selloff a start of something new? Or is this a gift from the Pullback Gods to get into those longs positions you were FOMO-ing about?
— Sean McLaughlin, NLD 📈 (@chicagosean) September 4, 2020
Heading into Labor Day weekend, we sure have some excitement, eh? (shoutout to my Canadian friends).
I usually like to enter new trades on Fridays. But today feels like a precarious time to be wading in to these suddenly choppy waters. [Read more…]
