This weekend was the annual Traders 4 A Cause event. The folks over there were nice enough to invite me to host the afternoon of day 1 and then come back to host the morning session on day 2. The catch was that I had to bring some of my friends to show off their skills and help raise money and awareness for breast cancer research, among other notable causes that they're supporting.
So I called up legends like Brian Shannon, Anne-Marie Baiynd, Phil Pearlman, Ryan Detrick, Denise Shull and others. It turned out to be a lot of fun and I know we raised a ton of money. So thank you for all the support!
When we posted the chart earlier this week, price was pressing up against its most recent objective near the 423.6% extension.
We posed the following question: will price correct lower and confirm the potential bearish momentum divergence, or would momentum catch up with price and confirm it's latest all-time highs.
Your responses were overwhelmingly bullish due to the strong uptrend and momentum characteristics... and we would agree.
Last week I was a guest on The Final Bar with my pal David Keller. Him and I always like to chat because we see the markets through a similar lens. We also have a lot of the same friends and we understand their perspectives as well.
In this video we kick it old school talking Dow Theory and Trend Identification. While things always seem to be changing and evolving in the market, the one constant is human behavior, fear and greed. That will never change. And therefore, the principles behind the study of those supply and demand dynamics don't change either.
We dive in around at the 12:41 mark. Check it out:
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.
In recent week's RPP Reports, we've discussed how Equity Markets had become more of a mixed bag with many key assets trading right at or near critical levels.
This week, we'll follow up on some of these areas we've been pointing out in recent reports and see how they look now.
Welcome to our "Under The Hood" column for the week ended October 9, 2020.
What we do is analyze the most popular stocks during the week and find opportunities to either join in and ride these momentum names higher, or fade the crowd and bet against them.
We use a variety of sources to generate the list of most popular names. There are so many new data sources available that all we need to do is organize and curate them in a way that shows us exactly what we want: A list of stocks that are seeing an unusual increase in investor interest.
Whether we're measuring increasing interest based on large institutional purchases, unusual options activity, or simply our proprietary lists of trending tickers... there is a lot of overlap.
The bottom line is there are a million ways to skin this cat. Relying on our entire arsenal of data makes us confident that we're producing the best list each week and gives us more optionality in terms of finding the most favorable trade setups for our clients.
Energy stocks in India, the US, and other global markets have been a disaster for a long time. In fact, despite strength in stocks as an asset class, we've been finding short opportunities in the sector.
With Reliance being 33% of the Nifty Energy Index, let's take a look at what's happening in the space and how we're approaching it.
Dividend aristocrats are easily some of the most desirable investments on Wall Street. These are the names that have increased dividends for at least 25 years, providing steadily increasing income to longer-term minded shareholders.
As you can imagine, the companies making up this prestigious list are some of the most recognizable brands in the world. Coca-Cola, Walmart, and Johnson & Johnson are just a few of the household names making the cut.
Here at All Star Charts, we like to stay ahead of the curve. That’s why we're turning our attention to the future aristocrats. In an effort to seek out the next generation of the cream-of-the-crop dividend plays, we’re curating a list of stocks that have raised payouts every year for 5-9 years.
Introducing the Young Aristocrats. We like to say these are "stocks that pay you to make money". Imagine if years of consistent dividend growth and high momentum & relative strength had a baby, leaving you with the best of the emerging dividend giants that are outperforming the averages.
You're probably hearing a lot about SPACs these days. SPAC technically stands for "Special-Purpose Acquisition Company. So in this video I chat with Howard about these "Blank Check" vehicles. Historically they haven't exactly had the greatest reputation, but supply and demand is trying to prove otherwise.
The world is becoming SPAC crazy! Is it a good thing? It seems like it is. Let's discuss!
After 33 months of zero progress, the market is proving that it is finally time for Transportation stocks to move forward. We call these big bases. It was a well-deserved consolidation in prices after a historic run throughout 2016-2017.
This all seems perfectly normal to me. Not sure why some media outlets are telling investors about turmoil not seen since 2008. Maybe they're looking at the charts upside down? Or blindfolded perhaps?
Here is the second most important stock market index on planet earth breaking out of a long consolidation to new all-time highs:
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 and into mid-cap status (over $2B) then they enter our radar.
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 – from the likes of Priceline, Amazon, Netflix, and Salesforce, to a myriad of others… they all would have been on this list at some point.
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, and more.
