This is the video recording of the December 1st, 2022, Weekly Town Hall w/ Willie Delwiche.
12/1/22 2:00 PM ET [Read more…]
Expert technical analysis of financial markets by JC Parets
by Peter
This is the video recording of the December 1st, 2022, Weekly Town Hall w/ Willie Delwiche.
12/1/22 2:00 PM ET [Read more…]
by Peter
From the desk of Willie Delwiche.
The Scales are unchanged this month, continuing to tip toward risk and away from opportunity.
A strong finish to November has renewed hopes that the 2022 bear market is moving from present reality to past experience. The weight of the evidence argues against jumping to that conclusion just yet. Simply put, we have not seen enough market strength to justify looking past the still present macro concerns. The evidence remains cautious and so do we.
Our Weight of the Evidence Dashboard fills in the details and includes a few charts that have our attention heading into December.
by JC
I continue to wonder what people are so angry about.
More and more stocks keep going up.
Fewer and fewer are going down.
More sectors are participating.
More countries are acting strong.
What’s the problem? [Read more…]
by Ian Culley
From the Desk of Steve Strazza @Sstrazza
When investing in the stock market, we always want to approach it as “a market of stocks.”
Regardless of the environment, there are always stocks showing leadership and trending higher.
We may have to look harder to identify them depending on current market conditions. But there are always stocks that are going up.
The same can be said for weak stocks. Regardless of the environment, there are always stocks that are going down, too.
We already have multiple scans focusing on stocks making all-time highs, such as Hall of Famers, Minor Leaguers, and the 2 to 100 Club.
We filter these universes for stocks that are exhibiting the best momentum and relative strength characteristics.
Clearly, we spend a lot of time identifying and writing about leading stocks every week, via multiple reports.
But we also highlight lagging stocks on a recurring basis.
by Peter
From the desk of Willie Delwiche.
The S&P 500 and various measures of investor sentiment all remain below their August highs. We are getting neither the broad increase in optimism nor the improving price action needed to argue that the bounce off of the October lows is the beginning of a new bull market.
Why It Matters: Price and sentiment often move in tandem. Optimism rebounded as stocks rallied off its October low but has struggled (like it the S&P 500 itself) to eclipse it’s summer highs. All three sentiment indicators have now ticked lower and we are seeing some evidence that the upside price momentum that accompanied the rally off of last month’s lows is starting to wane. Investors getting impatient with an unexpectedly persistent downtrend in prices could be reflected in sentiment indicators moving back toward their recent lows. Ultimately, time will tell how investors respond to their resolve being tested.
In this week’s Sentiment Report we take a closer look at the latest options data and how various groups of investors are responding to the latest market developments.
by JC
These are the registration details for our Live Monthly Candlestick Strategy Session for Premium Members of All Star Charts.
This month’s Video Conference Call will be held on Monday December 5th @ 6PM ET. As always, if you cannot make the call live, the video and slides will be archived and published here along with every other live call since 2015.
Here are the details for Monday evening: [Read more…]
by Ian Culley
It’s the weekly currency edition of What the FICC?
Today we’re turning our attention to key commodity currencies for insight into the US dollar’s next directional move.
Check it out!
From the Desk of Steve Strazza @Sstrazza
While there have been some real winners during the recent rally, the run off the lows from this fall has also left many stocks behind.
Value stocks, cyclicals, and blue-chip names have prospered for the past two months, as groups like financials and industrials have been the latest beneficiaries of sector rotation.
At the same time, mega-cap technology and the most-speculative growth areas of the market have continued to show relative weakness.
To be clear, it’s not like these stocks have been crashing lower while the rest of the market rallies. Of course, many have participated in the upside action.
But, on balance, the performance from growth stocks has been lackluster.