While we were going to write a comprehensive post on the most important monthly charts from November, we realized there are only two that matter to India's stock market right now.
Are you guys noticing how the new 52-week high list keeps getting longer, and not shorter?
I can't emphasize enough how the lies about weak market breadth have been just that: Lies, or myths, or whatever words you need to use that won't offend people. I stopped caring about that sort of thing a long time ago and just tell it like it is (someone has to). I'm just not seeing the weak breadth scenario playing out like they keep telling me. It's actually been quite the opposite. We've been seeing expansion in participation for months. So this is really nothing new.
The Value Line Index has been a helpful barometer of US Stock Market strength in the past, and today is no different.
Neil Blalock is my guest this week on the podcast. I believe he is absolutely the perfect compliment to all of the other guests we've had on over the years. While many technical analysis, especially on this podcast, come from an equities background, Neil was raised in Missouri and brought up with commodities all around him. It wasn't until much later in his career that he focused more on the stock market. Because Technical Analysis can be applied to asset classes of all kinds, Neil is able to use his expertise across markets. What's funny is that you can take Neil out of the farm, but you can't take the farm away from him completely. When I asked him about what interests him out there, he went right for the Soybean Markets! Neil just can't help himself and it's a beauty to watch. In this episode we dive into the agriculture commodities market as well as the softs, precious metals and ultimately into the equities and interest rate markets. This was a really fun conversation with a different perspective than what you might be used to!
As November draws to a close, it's time to review positions with December options that remain open (haven't already hit profit targets or been stopped out).
Most trades I put on for All Star Options tend to have a minimum duration of 30 days (short premium plays) and often as long as 6-8 months (for long premium plays). As options approach expiration, greeks like theta and gamma start to become my enemy and whipsaw my P/L. Therefore, as options and spreads get into the expiration month, my best practice is to put each position on notice -- it's time to take action.
People don't like it when I tell them the Dow is going to 30,000. They tend to get even more worked up when I tell them it's going to 40,000 after that.
I'm old enough to remember a time when stocks going up was a good thing. In my opinion, there is still a massive amount of underexposure in the equities market.
So when I get asked, "Well JC, what's going to take stocks to those levels?". I think it's pretty clear that it's Technology:
In this Episode of the Money Game Podcast, Pearlman goes off on what a Gamer Lamar Jackson has been. Growing up in Baltimore, Phil a big Ravens fan so we take this opportunity to talk about something really important: Going for it. We look a few weeks back when the head coach believed in Lamar's enthusiasm to just go for it on 4th down and it most certainly paid off! You live once and have the option to either go out there and get it, or always think back wondering what if? Whatever it is that's your thing - just go for it!
Since late August when interest rates around the globe began their counter-trend rally we've begun to see some outperformance from international equities...leading to headlines like this.
So, is the trend in international underperformance finally over?