One thing we know about new lows is that they are not a characteristic of uptrends.
We know this.
So here’s an update on that whole Growth vs Value thing: New Monthly closing lows all the way down the cap scale. [Read more…]
Expert technical analysis of financial markets by JC Parets
by JC
One thing we know about new lows is that they are not a characteristic of uptrends.
We know this.
So here’s an update on that whole Growth vs Value thing: New Monthly closing lows all the way down the cap scale. [Read more…]
by Ian Culley
From the desk of Steven Strazza @Sstrazza and Ian Culley @Ianculley
Here we are on Friday, and it’s been yet another eventful week for the commodity complex.
Steel futures ripped higher. Corn was limit-up on Thursday. Lumber continues to digest its gains with the same volatile fashion it made them in, giving back another 10% on the week.
And then of course there’s Dr. Copper which appears to have successfully defended former resistance turned support at its all-time highs from 2011. It’s impossible to overstate the importance of how this massive base in Copper resolves.
Bulls definitely don’t want this move to evolve into a failed breakout… The 4.50-4.60 zone is the line in the sand.
As for Energy Markets… Crude Oil making its highest daily close since October 2018 might be the biggest development of all.
We’ve talked a lot about Crude over the past few months as it’s consolidated beneath a handful of key prior highs for the better part of the year. And now that it looks poised to breakout, we’d be remiss not to discuss it again today!
by Peter
From the desk of Willie Delwiche.
We had fun with this one all week. We can frame it in the context of Ford’s aggressive foray into the EV market or more narrowly as an expression of suburbanite luxury truck preferences. It fits well within the growth to value conversation as well as “old is new and new is old” themes. Even if it’s not seen strictly as a pair trade, it reflects a shift in investor interest and preference. After establishing a big base versus Tesla (one which looks an awful lot like an inverted head-and-shoulders pattern), Ford is poised to break out and move into empty space.
by JC
What if these consolidations in Financials and Materials do NOT resolve higher?
What then? [Read more…]
From the desk of Steve Strazza @Sstrazza
Earlier in the week, we held our May 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 JC
Do you see something else here?
Massive tops? Check.
Lower lows? Check.
Lower Highs? Check. [Read more…]
by JC
On the this episode of Bearish or Bullish we talk about the Crypto Crash and how when Futures opened up on Sunday, they didn’t care. Stocks were actually up a little. That’s the market signaling to us that there is no systemic risk right now in Crypto. And we’re not even close.
That’s probably a good thing, and more bullish for the Crypto space considering how much larger it would need to get to really become intertwined with Stocks and Bonds, which combined are over $150T in market cap. Crypto is only 1.6T, just to put things in perspective.
We also discuss the latest Minor Leaguers Report which scouts the farm system for Small-cap stocks between $1-2B in market cap before they get called up to the Mid-caps ($2B+)
Relative strength in Bonds and European Banks. But is that sustainable? What should we expect?
All this and why Chardonnay is the world’s most versatile grape on the latest Episode of Bearish Or Bullish.
Enjoy!
by Peter
This is the video recording of the May 27th Town Hall Meeting w/ Willie Delwiche & JC Parets
05/27/21 2PM ET [Read more…]