From the Desk of Ian Culley @IanCulley
Readers often ask how long it will take for an open trade to reach our target.
I wish I knew.
Only the market can answer that question, as gold did last Friday…
Expert technical analysis of financial markets by JC Parets
by Ian Culley
From the Desk of Ian Culley @IanCulley
Readers often ask how long it will take for an open trade to reach our target.
I wish I knew.
Only the market can answer that question, as gold did last Friday…
In today’s Flow Show, me and Steve Strazza took a look at some potential directional bets, but we both agreed that the right trade for today is one that would benefit from some sideways trading action.
With the broader markets looking a bit indecisive here, making a strong directional bet (in either direction) feels like a high-risk proposition. But there’s a big cap name currently stuck in a range that is offering us nice options premiums to bet on further sideways action. We’ll likely have to hold through an earnings event to earn our profit, but with a defined risk and a large margin for error, I like our chances. [Read more…]
by JC
There is a big theme going on right now – and that’s the inability for important indexes to get above their 2021 highs.
You’re seeing it at the individual stock level, you’re seeing it across specific sectors and industry groups, and you’re definitely seeing it in the S&P500 and Nasdaq100 Equally-weighted.
These indexes below eliminate the excessive weightings in certain stocks and sectors and equally-weight all of its components.
Look at both of them still stuck below their 2021 highs: [Read more…]
by JC
This just in: It’s getting more expensive for people to get fat.
While many investors are more confused than ever looking at “CPI”, whatever that is, the real inflation gauge is giving off a serious warning.
Inflation is here.
Look at the price of Big Macs at McDonald’s skyrocketing: [Read more…]
This is the weekly post that aggregates all the charts we put together throughout the week and organizes them all into one, easy to flip through deck.
by JC
The disaster for the Dow Jones Industrial Average continues.
Yesterday the Dow closed at a new 52-week low, priced in “Real” Money.
When you look at the Dow priced in Fiat Currency, it’s also acting weak, actually DOWN since the start of February.
Here’s what that looks like: [Read more…]
by JC
These are the registration details for our LIVE Mid-month Conference Call for Premium Members of All Star Charts.
Our Live Call will be held on Wednesday April 17th @ 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 Wednesday evening: [Read more…]
by Ian Culley
From the Desk of Ian Culley @IanCulley
Nobody is paying attention to platinum.
It’s easy to overlook while gold shines and silver rips. But during the last commodity supercycle, platinum traded at a premium to the famous shiny yellow rock (and still does regarding retail jewelry).
Platinum was a powerhouse!