From the Desk of Ian Culley @IanCulley
Commodities are hot.
Even the most ardent tech investors can’t avert their gaze from Gold’s eye-catching new highs.
If you find yourself unprepared, don’t be alarmed. We have a plan…
Expert technical analysis of financial markets by JC Parets
by Ian Culley
From the Desk of Ian Culley @IanCulley
Commodities are hot.
Even the most ardent tech investors can’t avert their gaze from Gold’s eye-catching new highs.
If you find yourself unprepared, don’t be alarmed. We have a plan…
From the desk of Steve Strazza @Sstrazza
Our Hall of Famers list is composed of the 150 largest US-based stocks.
These stocks range from the mega-cap growth behemoths like Apple and Microsoft – with market caps in excess of $2T – to some of the new-age large-cap disruptors such as Airbnb and Uber.
It has all the big names and more.
It doesn’t include ADRs or any stock not domiciled in the US. But don’t worry; we developed a separate universe for that. Click here to check it out.
The Hall of Famers is simple.
We take our list of 150 names and then apply our technical filters so the strongest stocks with the most momentum rise to the top.
Let’s dive right in and check out what these big boys are up to.
From the desk of Steve Strazza @Sstrazza
We held our April Monthly Strategy Session earlier this week. Premium Members can access and rewatch it here.
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 easily one of our most valuable exercises 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 JC
How I learned it more than a couple of decades ago was that there were 3 asset classes: Stocks, Bonds AND Commodities.
But a funny thing happened throughout the 2010s. Commodities did so poorly, particularly when you compare their performance to Stocks and Bonds, that investors completely forgot that Commodities were an asset class.
Many newer investors never even knew in the first place.
But yes folks, there are 3 asset classes. And that 3rd one that everyone conveniently forgot about is the one that is dominating returns this cycle.
Here is a ratio of Commodities to Bonds in a strong uptrend as everyone keeps telling me that interest rates are falling.
It’s actually the exact opposite. Interest rates keep going up, as Commodities rip higher and bonds keep falling apart.
You’re going to tell me this isn’t an uptrend? [Read more…]
by JC
Everything started to change in February.
We were right here talking about it.
You saw the major shift in March for sure. It was obvious to everyone.
But the cracks actually started to show up in early February.
In fact, both the Dow Jones Industrial Average and Nasdaq100 are still at the same levels they were in early February.
The Russell2000 and S&P600 Small-cap Indexes are both still below their December highs.
Apple just hit the lowest levels since October, making this one of the best bearish positions we put on this year, outside of the $LULU trade.
Both of these have worked out very well.
And I think there are more of these epic downtrends coming. [Read more…]
by Ian Culley
From the Desk of Ian Culley @IanCulley
Can we all give the rate cut debate a break?
Everyone is obsessing over the Fed’s rate cut plans. Meanwhile, interest rates are climbing to their highest level since early December.
Instead of following Fed gossip and what-ifs, focus on what is: Yields continue to creep higher as inflationary assets rip.
by JC
You already know me very well.
When do I ever talk about the potential for a 30x return?
The answer is never.
It’s just not in my DNA.
This is not how I approach the market. This is not how I like to talk. And quite frankly, I usually laugh at those who do.
That’s the truth.
But every now and than, but almost never, an opportunity presents itself that we rarely see in markets. [Read more…]
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…
We also highlight lagging stocks on a recurring basis.