Where did all the bears go?
Have you noticed?
There aren’t any left… [Read more…]
Expert technical analysis of financial markets by JC Parets
by JC
by Ian Culley
From the desk of Steve Strazza @Sstrazza and Ian Culley @Ianculley
Earlier in the week, we held our June Monthly Conference Call, which Premium Members can access and rewatch here.
In this post, we’ll do our best to summarize it by highlighting 5 of the most important charts and/or themes we covered, along with commentary on each.
Let’s get right into it!
by Peter
This is the video recording of the June 24th Town Hall Meeting w/ Willie Delwiche & JC Parets
06/24/21 2PM ET [Read more…]
From the desk of Steven Strazza @Sstrazza and Ian Culley @IanCulley
There’s no question the landscape in the currency market has dramatically changed with the US Dollar reasserting its dominance in recent weeks.
You can read more about this in our weekly currency post, but here’s an excerpt with the long and short of it:
King dollar is definitely back in the driver’s seat from a tactical viewpoint as we’ve seen a significant shift in favor of USD over the near term. But even the intermediate and long-term trends for most major FX pairs have flipped in the direction of the Dollar over the past month or so.
Considering this broad-based strength, it’s clear that bulls are back in control of the Dollar… at least from a near-term perspective.
So, earlier in the week we analyzed the US Dollar Index $DXY and outlined some critical levels to watch over the short run.
Now, we’re going to take it a step further and highlight a handful of tactical trade ideas in USD crosses as vehicles to express our bullish thesis.
Let’s dive in!
There’s nothing more gratifying than watching our youngsters graduate to the next level, cheering on athletes who advance through the ranks, or enjoying the ride of our investments moving from “small cap” to “large cap” during our hold.
The 2 to 200 Club report that the All Star Charts team produces attempts to give us the heads up on the next companies that are likely to make the step up to the next level. You can read our latest report here.
One of the names that caught my attention is one involved in data analytics utilizing Artificial Intelligence to drive performance. [Read more…]
by Peter
From the desk of Willie Delwiche.
This morning I once again had the opportunity to catch up with my colleague Oliver Renick on the TD Ameritrade Network. Our discussion is a great follow up on yesterdays perspectives piece as I highlight the lack of broad based participation in this recent move to new index highs.
Click here to access a replay of our conversation.
by JC
For me the Small-caps really tell the story.
Curious what the past 4+ months have been like being long equities?
It looks a lot like this: [Read more…]
From the desk of Steve Strazza @Sstrazza
Welcome to the 2 to 100 Club.
Something we’ve been working on internally is using various ‘bottoms-up’ tools and scans to complement our top-down approach.
One way we’re doing this is by identifying the strongest growth stocks as they climb the market-cap ladder from small, to mid, to large – and ultimately mega-cap status (over $200B).
Once they graduate from small-cap to mid-cap status (over $2B) they come on our radar. Likewise, when they surpass the roughly $30B mark, they roll off our list.
But the scan doesn’t just end there. We only want to look at the strongest growth industries in the market as that is typically where these potential 50-baggers come from.
Some of the best performers in recent decades – stocks like Priceline, Amazon, Netflix, and Salesforce, to a myriad of others… all would have been on this list at some point during their journey to becoming the market behemoths they are today.
When you look at the stocks in our table you will notice we are only focused on technology and growth industry groups such as Software, Semiconductors, Online Retail, Solar, etc.
Then like any good technician, we filter the list down to those that are closest to new highs. This allows the cream of these strong groups to rise to the top and helps streamline our mission to identify technical breakouts in the top-performing stocks. [Read more…]