This is the video recording of the February 11th Town Hall Meeting w/ Willie Delwiche & JC Parets.
02/11/21 2PM ET [Read more…]
Expert technical analysis of financial markets by JC Parets
by JC
This is the video recording of the February 11th Town Hall Meeting w/ Willie Delwiche & JC Parets.
02/11/21 2PM ET [Read more…]
by JC
These are the registration details for our live monthly conference call for Premium Members of All Star Charts.
This month’s Conference Call will be held on Tuesday February 16th at 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 Tuesday night: [Read more…]
From the desk of Steve Strazza @Sstrazza
Welcome to the 2 to 100 Club.
Something we’ve been working on internally this year is using various bottoms-up tools and scans to complement our top-down approach. One way we’re doing this is by identifying stocks as they climb the market-cap ladder from small, to mid, to large, and ultimately to 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 52-week highs. This allows the cream of these strongest groups to rise to the top and makes our job easier to identify technical breakouts in the top-performing stocks.
From the desk of Steve Strazza @Sstrazza
Dividend aristocrats are easily some of the most desirable investments on Wall Street. These are the names that have increased dividends for at least 25 years, providing steadily increasing income to longer-term minded shareholders.
As you can imagine, the companies making up this prestigious list are some of the most recognizable brands in the world. Coca-Cola, Walmart, and Johnson & Johnson are just a few of the household names making the cut.
Here at All Star Charts, we like to stay ahead of the curve. That’s why we’re turning our attention to the future aristocrats. In an effort to seek out the next generation of the cream-of-the-crop dividend plays, we’re curating a list of stocks that have raised their payouts every year for 5-9 years.
Introducing the Young Aristocrats. We like to say these are “stocks that pay you to make money”. Imagine if years of consistent dividend growth and high momentum & relative strength had a baby, leaving you with the best of the emerging dividend giants that are outperforming the averages.
By adding our technical analysis to the mix, the Young Aristocrat setups give you the opportunity to own the best of the market’s future blue-chip winners before they become must-own household names.
And maybe the best part? This list is not just designed for long-term investors. Traders of all time frames can use this list to help generate ideas even in the shorter-term. Remember, some of the most important filters we use for this list are momentum, relative strength, and proximity to new highs. So let’s keep it real, these stocks are going up across all time horizons.
With that said, let’s dive right in.
Like many people, we’ve been geeking on short squeezes lately. There’s been so much action in heavily shorted names.
Pity the fools who are shorting stocks that are at or near all-time highs. If they want to try to be Heroes, be my guest. But we’re smarter than that. We’ll use these hurting shorts as fuel to catapult our trades higher. I recently got into Live Person $LPSN and Rackspace $RXT — both of which are working. And I’m hungry for more. [Read more…]
by JC
Forget the hedge funds. You want to crush the suits?
Well, they still make sell side analysts wear suits and come into the office.
It’s wild, I know.
Sell side analysts have worse herd behavior habits than your average investor. They have their cushy jobs (a few of them still do anyway). They get to tell their friends and family that they work on wall street, because some people still think that’s “cool”.
But the truth is, it’s our job to take advantage of them. It’s a lonely and dying business and they’re not having any fun. In fact, they’re finding it really difficult to run their antiquated valuation models on today’s business. It’s hilarious to watch them try.
Now, making fun of the situation doesn’t get us paid. BUT, taking advantage of their conflicts of interest certainly can, if done correctly.
You see, they have families, kids in private school, expensive mortgages and used to nice vacations. It’s a lifestyle. Their wives don’t work and it’s up to daddy to make sure the big check comes home every month, regardless of the cost.
To be clear, this is not ‘every’ sell side analyst. But for the purposes of this strategy, this is how we want to view them as a group. It helps understand their flaws and motivations.
They’re not going to have their jobs for much longer. That business is dead. BUT, in the meantime, we can take advantage. They say you shouldn’t kick someone when they’re down, but that’s actually the best time to kick someone, when they’re already down.
The herd behavior on the sell side is off the charts. Because, for example, if 20 other analysts cover a stock and they all have buy recommendations on it, for you to give it a sell rating, YOU BETTER BE RIGHT!
If the stock rips and you’re the only loser with a sell on it, you’ll be looking for a new job soon. It’s not worth it for you to go out on the limb, no matter how confident you might be.
“Should I put a sell on this one, because I really think it’s a zero? Or, do I just agree with the rest of the analysts so that if I’m wrong, so was everyone else? That way little Chad can start 7th grade in the same expensive private school with all his friends.”
Family > Doing My Job Correctly. [Read more…]
From the desk of Steve Strazza @sstrazza
We’ve enjoyed a ton of success with the bottoms-up scans and the columns they’ve inspired.
We absolutely love our scans! When we combine them with our traditional top-down approach, they make it almost impossible to miss key market themes.
In fact, we’ve launched four columns around these scans since last year — and we have many more that we only run internally.
Today, we’re sharing one with you. We call it “Fade The Street,” and it’s one of my personal favorites.
The scan leverages data from sell-side analysts including their buy/sell ratings and price targets in order to identify stocks with the potential to become the market’s next big winners.
by JC
We like buying stocks that are breaking out of bases, regardless of what sector they’re a part of.
But when you combine a emerging leadership with these base breakouts, now you have a smokin’ combination!
That’s exactly what’s happening in the Pot space. Make sure to check out our latest on Marijuana Stocks here.
But today it’s the Cresco Labs that has my attention. [Read more…]