In today’s analysis, we’re looking at Media. It’s been one of the subdued sectors in the market and we’ve been observing this space for any signal of revival in momentum.
Let’s get into what’s happening and how we’re approaching it.
Expert technical analysis of financial markets by JC Parets
In today’s analysis, we’re looking at Media. It’s been one of the subdued sectors in the market and we’ve been observing this space for any signal of revival in momentum.
Let’s get into what’s happening and how we’re approaching it.
by Tom Bruni
Some divergences remain at the index level, but with the Tech-heavy Nasdaq 100 breaking out to new highs…the question is will we see the same rotation back into Technology stocks globally?
In this post, we’re taking a look and identifying the best reward/risk in the sector right now.
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.
by JC
This week on Happy Hour w/ Traders, I sit down with venture capitalist Howard Lindzon. He’s a Tech investor, or that’s what it feels like from my perspective. So my question was how he invests when money is rotating out of large-cap tech and into other areas?
This sparked an interesting conversation about using today’s tools to generate new ideas, even if they’re out of your wheelhouse. We have a massive community and new tools at our disposal that investors before us never had. Let’s be grateful, and let’s take advantage!
Here’s the video in full:
by Tom Bruni
Last week we suggested that the major indices could be due for a pause after a massive run in November.
So far we’ve seen the large-cap indices churn sideways, but the mid and small-cap indices pushed to new recovery highs.
Today those mixed signals continue. Not just in India, but around the globe.
Let’s take a look at what we’re seeing and how we’re approaching it.
[Read more…]
by JC
This is the video recording of our December 1, 2020 Monthly Charts Live Strategy Session
by Tom Bruni
We’ve got another new set of Monthly Candlesticks and we’re sharing a few of the best ones ahead of our Members-Only Monthly Strategy Session on Thursday.
Let’s take a look at what the longer-term trends are saying.
[Read more…]
From the desk of Steve Strazza @Sstrazza and Louis Sykes @haumicharts
At the beginning of each week, we publish performance tables for a variety of different asset classes and categories along with commentary on each.
Looking at the past helps put the future into context. In this post, we review the relative strength trends at play and preview some of the things we’re watching in order to profit in the weeks and months ahead.
Last week, we outlined how the market is in a very healthy state of order.
Nothing has changed from that message. We continue to see strong demand for risk assets and healthy rotation down the market-cap scale.
Additionally, market internals and breadth continue to improve beneath the surface, supporting the recent leg higher for stocks, both domestically and abroad.
Many Growth-oriented groups that have underperformed recently closed at fresh highs this past week, suggesting these are areas we want to continue to lean on to express our bullish thesis.