Are we all just going to assume that these consolidations in interest rates are about to resolve higher?
Seems like everyone around me considers this breakout to be foregone conclusion: [Read more…]
Expert technical analysis of financial markets by JC Parets
by JC
Are we all just going to assume that these consolidations in interest rates are about to resolve higher?
Seems like everyone around me considers this breakout to be foregone conclusion: [Read more…]
by Ian Culley
From the desk of Steve Strazza @Sstrazza and Alfonso Depablos @AlfCharts
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 Sea Ltd 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 David
From the Desk of Kimmy Sokoloff
After a volatile week finally Friday is here.
We had a few good trades to end the week. [Read more…]
by David
This is the video recording of the August 18, 2023, Hot Corner Insider Weekly Strategy Session.
by David
From the Desk of Kimmy Sokoloff
Inflation worries, higher yields, and the dollar rising typically spells trouble for equities.
I mentioned in the Live Trading Room yesterday that if the S&P 500 breaks 4,400 we can see 4,370. An overbought market can stay overbought, and an oversold market can stay oversold.
This has been a slow bleed lower. It’s not an easy market to trade, so I tell people to back away or trade very small.
Everyone’s a hero when the market goes up!
They’re starting to hit a lot of names.
by JC
The Regime change in the market is real.
It’s much different today than it was in the first half of the year.
And that’s perfectly normal. Anything else would actually be very unusual.
The strategies that worked in the first 6 months are not working well in this environment. But the strategies that did NOT work in the first half of the year are much better in the current market.
See: Regime Change
For example, high volatility strategies were mostly terrible in the first half of the year. That’s because we were in a low volatility environment. It was our low vol strategies that worked great for us.
So since the market is behaving differently now, then so are we.
Volatility is a little more elevated, so that means we’re getting paid to play. That wasn’t the case earlier this year.
Freeport McMoRan, for example, has some juicy premiums and is trading in a massive range.
Perfect: [Read more…]
by David
From the Desk of Kimmy Sokoloff
This is a tough market.
We’ll see if they hold 439 on $SPY.
From the Desk of Steve Strazza @Sstrazza and Alfonso Depablos @AlfCharts
We love our bottoms-up scans here at All Star Charts. We tend to get really creative when making new universes as we want to be sure they will deliver us the best opportunities the market has to offer.
However, when it comes to our latest project, it couldn’t be any simpler!
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 stocks.
Welcome to The Junior Hall of Famers.
This scan is composed of the next 150 largest stocks by market cap, those that come after the top 150 and are thus covered by the Hall of Famers universe. Many of these names will someday graduate and join our original Hall Of Famers list. The idea here is to catch these big trends as early on as possible.
There is no need to overcomplicate things. Market cap is a quality filter at the end of the day. It only grows if price is rising. That’s good enough for us.
The bottom line is it is a bull market. We want as many vehicles and options to express our bullish thesis as possible. This is a good way to do just that.
Let’s dive right in and check out what these future big boys are up to.