If you take the US Dollar out of the equation, it’s a much different story for Gold.
While Gold continues to struggle below its 2011 highs, when priced in other currencies, it’s been consolidating well above those former highs. [Read more…]
Expert technical analysis of financial markets by JC Parets
by JC
If you take the US Dollar out of the equation, it’s a much different story for Gold.
While Gold continues to struggle below its 2011 highs, when priced in other currencies, it’s been consolidating well above those former highs. [Read more…]
We debuted a new scan recently- The Outperformers.
The Outperformers is our newest scan that pinpoints the very best stocks in the market. It’s the fastest, easiest way to find quality names that are primed for major moves.
From the desk of Steven Strazza @Sstrazza and Grant Hawkridge @granthawkridge
September saw significant selling pressure in equity markets. The S&P 500 suffered its worst drawdown since last year, and many of the major indexes made a lower low. But when we look under the surface, it really wasn’t that bad.
We didn’t get an expansion in new lows to confirm the new lows in price. Instead, these readings remained muted across most of the major averages in the US.
Since then, the bulls have regained control. Breadth has improved throughout October as the indexes have rallied back toward their former highs. Although we haven’t seen a real expansion in participation at the index level, things have definitely been moving in the right direction.
Let’s talk about it.
From the desk of Steve Strazza @Sstrazza and Ian Culley @Ianculley
On Tuesday night we held our October Monthly Conference Call, which Premium Members can access and re-watch here.
In this post, we’ll do our best to summarize it by highlighting five of the most important charts and/or themes we covered, along with commentary on each.
Let’s get right into it!
From the desk of Steven Strazza @Sstrazza and Grant Hawkridge @granthawkridge
Most risk assets peaked during Q1 or May of this year and have consolidated in sideways ranges ever since.
But the bulls have started to take control of many of these trends. We’re seeing more and more upside resolutions — and this phenomenon isn’t limited to Crude Oil, Rates, AUD/JPY, and cyclical stocks. Similar patterns are also playing out when we look at intermarket ratios, particularly those we use to measure risk appetite.
In today’s post, we’ll dive into one of our favorite risk-appetite relationships and check for price confirmation in a variety of ratios.
by JC
They love writing about ‘Selling in May and going away’.
Every year, they just can’t get enough of it.
But what about, “Remember to buy in November”?
Historically the best 3 month period of the year for stocks is from November through January.
As my pal Jeff Hirsch likes to say, “Buy in October and Get Yourself Sober”.
Here are all the seasonal cycles for the S&P500. The Green line includes every year since 1950 (1-year Cycle), the Blue line includes every year ending in 1 since 1951 (Decennial Cycle), and in Gray every post-election year since 1953 (Presidential Cycle): [Read more…]
by JC
This is the video recording of the October 2021 Conference Call.
From the desk of Steve Strazza @sstrazza
This is one of our favorite bottom-up scans: Follow The Flow. In this note, we simply create a universe of stocks that experienced the most unusual options activity — either bullish or bearish… but NOT both.
We utilize options experts, both internally and through our partnership with The TradeXchange. Then, we dig through the level 2 details and do all the work upfront for our clients. Our goal is to isolate only those options market splashes that represent levered and high-conviction, directional bets.
We also weed out hedging activity and ensure there are no offsetting trades that either neutralize or cap the risk on these unusual options trades. What remains is a list of stocks that large financial institutions are putting big money behind… and they’re doing so for one reason only: because they think the stock is about to move in their direction and make them a pretty penny.
Then we flip through our list of stocks flashing unusual activity and pick the best setups using many of the same technical filters we do for our other scans. And just like that, we’ll follow the money flow and fatten our own pockets along with some of the world’s most powerful financial institutions.