Throughout the week I did a ton of intermarket work comparing many markets with each other. This is a great exercise and really helps me get some perspective on the flow of money around the world. Remember, it doesn't just disappear. When money leaves one asset, let's say Japanese Yen or U.S. Treasury Bonds, it goes elsewhere. In this case, we're seeing that money flow towards banks as well as Japanese and European stocks.
There are two ways to use this information. First, simply take the money flow data as confirmation of other things we're seeing around the world, particularly those that we discussed in this week's conference call. Second, through execution purposes benefiting from narrowing or widening of these spreads. I personally use them in both ways.
Here are some of the more interesting developments that I found:
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 pounding the table on heavy cash positions for the past few months, so we're ready to start allocating that capital this week.
This month's Conference Call will be held on Wednesday July 13, 2016 at 7PM ET. Here are the Registration Details:
This week we are doing a full upgrade to our research platform. This is something that we have been working on all year, and finally, with the help of the incredible people at Optuma, we are happy to announce that it is officially happening. I could not be more excited to have everything on one platform with one provider and, most importantly, have the technology to be able to share it seamlessly with all of our Members!
Both American Express and Goldman Sachs have been serious under-performers off both the August 2015 and January 2016 lows when the broader market put in major bottoms. While there have been other laggards in the Dow like Nike, Apple, and Disney, both Goldman Sachs and American Express are currently offering short setups where the risk is well-defined and the risk/reward is elevated.
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.
This month's Conference Call will be held on Wednesday June 15, 2016 at 7PM ET. Here are the Registration Details:
We all have the freedom and ability to focus on any part of the financial markets that we want. Some people get paid to gossip about the federal reserve and others get paid to make money in the market. We all have different objectives. If you're reading this, it's probably because you do not get paid to make noise, but instead, you get paid to make money in the market. This means you don't care what stock or ETF makes you money as long as it's making you money right? We don't avoid certain topics here because it's not sexy enough for our sponsors. I don't even have any sponsors.
So today we are taking a look at Belgium. Why? Because why not?
