We retired our "Five Bull Market Barometers" in mid-July last year to make room for a new weekly post that's focused on the three most important charts for the week ahead.
This is that post, so let's jump into this week's edition.
We've been discussing Covid for so long now, that it feels as though it's been going on forever. It carried out massive damage across different segments. But we are now seeing a resumption in trends that have been in place long enough to call them trends.
As we know, travel had been largely affected by the pandemic. Getting out of the house to buy groceries became the new travel plan! But not anymore!
We're now witnessing a strong and consistent pick-up in flight and hotel bookings which means that we can start taking a look at the shares that belong to these categories as well!
So let's do just that.
First up, let's take a look at the custom Leisure Index that we track at ASC.
As can be seen from the chart below, the custom Leisure Index is at a crucial level. Currently trading close to its 2019 highs, the index seems ready to break out soon. And why is it that we think so?
Because there are signals that are coming through from the constituents of the index that suggest so.
Presenting to you, dear readers, the Never Say Never series. Here we will discuss all those topics that a typical market participant thinks could never happen. I am a strong believer in faith and everything but I also know to never challenge the universe - in our case: the market.
I learned early on, that biases are a natural by-product of the human mind. Everyone has them, in some form or the other. But one ought to leave these biases right outside the door before entering the market. Because as soon as you believe that something could never happen, most often it does.
I had a client ask me incessantly what the next major support of a particular stock was, and after ten revisions, I said 0. "Your maximum risk is if the stock goes to 0". He stared at me, his mouth agape with incredulity.
Cut to today, where I cannot make that statement again. You see, Crude Oil traded below 0. And that changed the very idea most people believed in, me included.
So here we are today to discuss with you things in the market that may leave you astounded.
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.
The goal is that as the market rally progresses, the sector rotation within the market will reflect in this scan. So while our Top/Down Analysis helps us with the broader view of the market, this Bottom/Up scan makes sure that we catch the slightest change in sentiment.
This week we’re looking at a long setup in the Infrastructure sector. Nifty Infra continues to display strength across different time frames. One of the stocks that stands out from this sector has been featured here.
We retired our "Five Bull Market Barometers" in mid-July last year to make room for a new weekly post that's focused on the three most important charts for the week ahead.
This is that post, so let's jump into this week's edition.
We debuted a new scan recently which goes by the name- All Star Momentum.
All Star Momentum is a brand new scan that pinpoints the very best stocks in the market. This time around, we have incorporated our stock universe of Nifty 500 as the base. Among the 500 stocks that we follow, this scan will pump out names that are most likely to generate great returns.
While we go through our lists of sectors and stocks on a weekly basis, we thought of launching a product that would highlight the names that are the strongest performers in our universe and those that are primed for an explosive move.
Just like The Outperformers scan, this is a list of stocks belonging to the sectors that display relative strength in the market at any given point in time. Since sector rotation is the lifeblood of a bull market, we will be ahead of the curve before the gears keep shifting.
In the week gone by, the Realty sector performed exceedingly well. We added the index to our Three Charts for the Week Ahead post as well. The reason for that was that the index constituents are trading at crucial levels.
With the stocks jumping up above their resistances, we thought a post should be dedicated to the Realty sector.
So let's take a look at some interesting ideas.
Realty has been moving sideways for a while after breaching its 2018 highs. In the week gone by, we witnessed a strong move in the index. While the index is trading close to its overhead resistance, the strong momentum could take the price higher.
But about relative strength? Do you reckon there's something there?
This week we’re looking at a long setup in the Realty sector. Nifty Realty broke out of an 11-year base and has picked up momentum. At this time we're looking for an interesting idea in this space.
We retired our "Five Bull Market Barometers" in mid-July last year to make room for a new weekly post that's focused on the three most important charts for the week ahead.
This is that post, so let's jump into this week's edition.
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.
The goal is that as the market rally progresses, the sector rotation within the market will reflect in this scan. So while our Top/Down Analysis helps us with the broader view of the market, this Bottom/Up scan makes sure that we catch the slightest change in sentiment.
