Yes you read that right.
Dog Wif Hat is now worth over $4.6 Billion in market cap.
And to be clear, it is literally just “a dog wif a hat”. There’s nothing else to it. Check out the “white paper” for yourself. [Read more…]
Expert technical analysis of financial markets by JC Parets
by JC
Yes you read that right.
Dog Wif Hat is now worth over $4.6 Billion in market cap.
And to be clear, it is literally just “a dog wif a hat”. There’s nothing else to it. Check out the “white paper” for yourself. [Read more…]
by JC
Gold just went out at a new all-time high. That’s over $2250 for an ounce of Gold. The most ever.
And it shouldn’t be that surprising really. Gold has already been making all-time highs priced in other currencies like Euro, Pounds, Yen and Rupee, among many others.
Now Gold is making new all-time highs priced in US Dollars as well.
Notice how Gold and Copper don’t move in different directions for too long historically.
This isn’t just a Gold thing. This is a metals thing. [Read more…]
From the desk of Steve Strazza @Sstrazza
Our International Hall of Famers list is composed of the 100 largest US-listed international stocks, or ADRs.
We’ve also sprinkled in some of the largest ADRs from countries that did not make the market cap cut.
These stocks range from some well-known mega-cap multinationals such as Toyota Motor and Royal Dutch Shell to some large-cap global disruptors such as Mercado Libre and Shopify.
It’s got all the big names and more–but only those that are based outside the US. You can find all the largest US stocks on our original Hall of Famers list.
The beauty of these scans is really in their simplicity.
We take the largest names each week and then apply technical filters in a way that the strongest stocks with the most momentum rise to the top.
Based on the market environment, we can also flip the scan on its head and filter for weakness.
Let’s dive in and take a look at some of the most important stocks from around the world.
by Ian Culley
From the Desk of Ian Culley @IanCulley
Black Gold is breaking out!
Crude oil is flipping weeks of indecision into conviction following a hard retest that frustrated traders earlier this month.
Let’s take a look…
From the Desk of Steve Strazza @Sstrazza
Welcome to The Junior International Hall of Famers.
With the goal of finding more bullish setups, we have decided to expand one of our favorite scans and broaden our regular coverage of the largest US-listed international stocks, or ADRs.
This scan is composed of the next 100 largest stocks by market cap, those that come after the top 100 and are thus covered by the International Hall of Famers universe.
Many of these names will someday graduate and join our original International Hall Of Famers list. The idea here is to catch these big trends as early on as possible.
Let’s dive right in and check out what these future big boys are up to.
by Sam Gatlin
From the Desk of Steve Strazza @Sstrazza
Last week, we released a Freshly Squeezed report detailing long setups in some of the market’s most heavily shorted stocks.
This week, we got fresh short sale data from FINRA as well as fresh breakouts from a growing list of stocks in our universe.
We thought it would be irresponsible not to do a follow-up report covering them.
This is just the environment we’re in.
Here’s what we’re doing about it.
From the Desk of Alfonso Depablos @Alfcharts
A major theme we’ve witnessed in recent weeks is a shift in leadership as sector rotation continues to spread across the US equity market.
One could argue it is more a general broadening of the rally than it is rotation.
Regardless, one of the major beneficiaries has been Materials.
With commodity markets getting back in gear, industry groups from copper and steel to agricultural inputs are showing strength again.
With broad participation beneath the surface, this is a group we want to be adding long exposure too in the coming days and weeks.
by JC
In the early stages of my Wall Street career, it was cool being a Gold Bug.
All my heroes were Gold bugs.
I learned in the early 2000s that pricing assets in Gold helped put market trends into context.
The Dow/Gold ratio was the ultimate Gold Bug Chart at the time.
You can see the Dow/Gold ratio here plotted in black, compared to the Dow Jones Industrial Avg itself overlaid in green. [Read more…]