If the world was coming to an end, would Homebuilders be breaking out of 6-month bases to new all-time highs?
I would argue no.
The Homies are one of those groups we look to for leadership in strong markets, not in weak ones. [Read more…]
Expert technical analysis of financial markets by JC Parets
by JC
If the world was coming to an end, would Homebuilders be breaking out of 6-month bases to new all-time highs?
I would argue no.
The Homies are one of those groups we look to for leadership in strong markets, not in weak ones. [Read more…]
From the desk of Steven Strazza @Sstrazza and Grant Hawkridge @granthawkridge
Breakouts and breadth expansion kicked off the month of November.
But the market had other ideas…
Instead of fresh legs higher, investors were dealt a handful of downside reversals and failed moves. Last week, we went from discussing breakouts and new highs for stocks… to throwbacks and retests of old ranges. This all happened in the matter of a few trading sessions.
A lot has changed in a short period. In times like these, it’s important to take a good look under the hood to see what market internals are suggesting.
As we reviewed our breadth chartbook today, we asked ourselves the following questions:
Are we seeing a notable expansion in new lows? Is it enough that we should be worried?
Let’s take a look beneath the surface and see if we can find some answers!
by JC
They’re baaaaack….
Did you see the spike in bearish individual investors?
We just got the most amount of bears in over a year: [Read more…]
by Ian Culley
From the desk of Steve Strazza @Sstrazza
We held our December Monthly Strategy Session last night. Premium Members can click here to review the recording and the accompanying slides.
Non-members can get a quick recap of the call simply by reading this post each month.
By focusing on long-term, monthly charts, the idea is to take a step back and put things into the context of their structural trends. This is a valuable exercise, as it forces us to put aside the day-to-day noise and simply examine markets from a “big picture” point of view.
With that as our backdrop, let’s dive right in and discuss three of the most important charts and/or themes from this month’s call.
by Peter
This is the video recording of the December 2nd Weekly Town Hall w/ Willie Delwiche
12/02/21 3:00 PM ET [Read more…]
by Peter
From the desk of Willie Delwiche.
There’s no shortage of headlines this week — a potpourri of potentially market-moving developments.
And boy, have markets moved! Of course, these market gyrations are probably not quite for the reasons the headline writers have proposed. But we can leave that discussion for another day…
Today, I want to talk about when to change course and when to sit tight.
Let’s consider the recent comments from Fed Chair Powell on inflation and apply a lesson I learned when sailing on the waters of Lake Michigan.
by JC
We have a new Options trade up this week.
We’re selling an $IWM December 31 (weekly) Iron Condor. We’ll be short the 210 puts and 235 calls, while protecting the position $5 away in both direction with long 205 puts and 240 calls. This entire spread can be put on for about a $1.70 credit.
Check out our short video with the thought process behind these trades: [Read more…]
by JC
This is the video recording of our December 1, 2021 Monthly Charts Live Strategy Session