For those new to the exercise, we take a chart of interest and remove the x/y-axes and any other labels that would help identify it. The chart can be any security in any asset class on any timeframe on an absolute or relative basis. Maybe it’s a custom index or inverted, who knows!
We do all this to put aside the biases we have associated with this specific security/the market and come to a conclusion based solely on price.
You can guess what it is if you must, but the real value comes from sharing what you would do right now. Buy,Sell, or Do Nothing?
Welcome to this week's edition of Louis' Look where I give you the inside scoop on what I'm learning as an intern at All Star Charts. Last week I wrote about having a sense of humor in the financial world with a reference to the infamous John Cena pattern in stock of Worldwide Wrestling Entertainment.
Today I thought it'd be entertaining to step back from the lessons and bring five charts you have probably never seen, thought of, or come across.
I had a lot of fun writing this one, so let's get into it.
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 RPP Reports, we discussed how markets had become more of a mixed bag, particularly equities as they try to recover from September's selloff.
We're still waiting for many of the key assets that we mentioned were trading right at or near critical levels in recent weeks to choose a decisive direction.
We have plenty to cover, so let's kick things off with the US Index table.
Sure, you could go spend top dollar on that hot new make and model at the fancy big city car dealership.
But we all know the best deals are often found at the used car lot on the outskirts of town. And apparently investors are waking up to the fact that an investment in these operations can be good for their portfolios as well.
Welcome to our "Under The Hood" column for the week ended October 16, 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.
There are so many good setups in this week's list of popular stocks. Let's jump...
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!
We retired our "Five Bull Market Barometers" in mid-July 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.
As we progress into Q3 of Fiscal Year 2020-2021, this playbook outlines our thoughts on every asset class and our plan to profit.
Part 1 of this playbook will cover our macro view, touching on Equities, Commodities, Currencies, and Rates, as well as outline our views on the major nifty indices and the sector/thematic indices.
Part 2 of this playbook will be out in the next few days and cover individual stocks we want to be buying and selling to take advantage of the themes discussed in part 1.