Every month I host a conference call for All Star Charts Members where we discuss ongoing themes throughout the global marketplace as well as changes in trends where new positions would be most appropriate. This includes U.S. Stocks & Sectors, International Stock Indexes, Commodities, Currencies and Interest Rate Markets. We have been bullish towards both U.S. and International stocks since early July and are seeing money rotate into new sectors and countries showing leadership. We will be discussing this in detail on Tuesday.
We will also be focusing particular attention to the recent sell-off in precious metals and rally in US Interest Rates.
This month's Conference Call will be held on Tuesday October 18, 2016 at 7PM ET. Here are the Registration Details:
Have you guys noticed that the prices of Gold and Silver have gone nowhere for 3 months? There's a reason why we've wanted to stay out of this market since early July and let them digest their impressive gains since the January lows. Knowing when to stay out of a market is just as important as knowing when to be in it. Opportunity cost should also be considered in the risk calculation.
Today we are taking a deep dive into Gold and we're going to look at things from all angles, all currencies and all time frames.
One of the things that impresses me the most about Technology is the fact that Amazon, a stock up over 70% since February, isn't even a tech stock. While some people like to argue that Amazon is a Technology company, and that may be true, it is not a Technology stock. In fact, $AMZN represents a 0% weighting in the S&P Technology Sector Index or in the ETF. Instead, it spends its days holding up the serial underperforming Consumer Discretionary Sector with a 13% weighting.
We trade and invest in stocks, not companies. So we'll focus on the supply and demand dynamics of stocks, and ignore the noise surrounding "companies". The big question I want to ask is, what would the Tech sector look like if Amazon was included?
Earlier today I was on the Benzinga morning radio chatting with Joel and Dennis about the current market environment. We've been pounding the table bullish U.S. stocks for almost 3 months now and fortunately the market has cooperated with us. Technology has been the big leader along the way and I think this theme continues. Meanwhile, money has rotated out of bonds as interest rates have risen with stocks over the past few months.
We discuss this rotation and some of my favorite names in the tech space. Here is the interview in full:
Every month I host a conference call for All Star Charts Members where we discuss ongoing themes throughout the global marketplace as well as changes in trends where new positions would be most appropriate. This includes U.S. Stocks & Sectors, International Stock Indexes, Commodities, Currencies and Interest Rate Markets. We have been bullish towards both U.S. and International stocks since early July and are seeing money rotate into new sectors and countries showing leadership. We will be discussing this in detail Wednesday.
We will also be focusing particular attention to the follow through, or lack thereof, after Friday's sell-off in U.S. Stocks and the spike in volatility. Bonds have continued lower and will be a major topic as well.
This month's Conference Call will be held on Wednesday September 14, 2016 at 7PM ET. Here are the Registration Details:
My favorite event of the year is coming very soon! This is a weekend that I, along with many of my friends, look forward to every Fall. The island of Coronado is a special place that has brought a lot of people together and has helped launch incredibly successful businesses. In other cases, this event along with networking opportunities at the Del Coronado Hotel has helped grow many companies with new partnerships and business ideas. If there is one common denominator for all 5 Stocktoberfests since 2012, it's that. Guys like Josh Brown, Ryan Detrick, myself and many others are always happy to share our success stories post-Coronado Island visits. I'm certain that this year will be no different.
