A week ago we outlined two major breakouts in the largest components of the Nifty Infrastructure and Nifty Public Sector Bank Indexes, however, we also outlined the waning upside momentum that remains a problem.
For premium members, we performed a deep dive into the Infrastructure space to provide trade opportunities outside of Larsen & Toubro, so in this post I want to summarize what we saw when performing the same exercise for Nifty Public Sector Bank components.
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Subscribers to All Star Options come to us for option trade ideas which take advantage of directional edges the All Star Charts research team uncovers through exhaustive technical analysis. We are not beholden to any particular type of strategy, options spread, or timeframe. We simply examine each opportunity on a case-by-case basis and make an informed decision on what we feel is a good way to play a particular situation. We might not always end up picking the "best" way to leverage into a opportunity, but we think over time and over many iterations, our good decisions compound favorably.
We're just as likely to go long premium as we are to go short premium. Sometimes we just buy long calls, and other times we put on bullish Risk Reversal trades. Or maybe we'll sell a Bear Call Spread or a bearish Put Calendar Spread. We...
Last week I was in London giving a presentation at the local chapter of the CMT Association. We had a great turnout and they asked a lot of really smart questions. I was not surprised at all by the high caliber of attendees, from Analysts to Portfolio Managers and even younger participants eager to learn. It was awesome all around.
Prior to the event I sat down with Alex Spiroglou to talk about how I first got into Technical Analysis and what a normal day at ASC Research looks like. This is the full video of that interview.
I just finished this week's Top 10 Charts Report for Institutional Clients, but I wanted to carve out two Asian Equity Market charts for this post to highlight a tactical opportunity we're seeing in that part of the world.
These are the registration details for the monthly conference call for Premium Members of All Star Charts. In this call we will discuss the global market environment and how to profit from it. As always, this will include Stocks, Interest Rates, Commodities and Currencies. The video of the call will be archived in the members section to re-watch any time and the PDF of the charts will be made available as well.
This month’s Conference Call will be held on Monday June 19th at 7PM ET. Here are the details for the call:
Late last week we discussed the structural breakout in Larsen & Toubro, so today we want to look into the entire sector to see what other opportunities there are among its components.
Earlier this month I was invited to come speak at the Hellenic chapter of the CMT Association in Athens, Greece. We had a much bigger crowd that I expected. I've had the opportunity to speak at many of the chapters around the world, including all over Asia, North America and Europe. I felt this was one of the better Q&A Sessions we've had. We were able to get the audio so I wanted to share that with you today. Some of the audience questions were not as clear as we would like, so bear with us. Hope you enjoy!
Due to technical and logistical timezone difficulties with JC traveling in Europe, we are unable to have our usual monthly conference call to run through the broad themes JC is seeing from his unique technical perspectives as well as our usual review of open positions that need action taken ahead of the upcoming expiration.
But have no fear -- we got you!
All Options Premium subscribers will also be invited to attend the next All Star Charts conference call so you can get caught up on the bigger picture in the markets. This Call will be held on Wednesday June 19th at 7PM ET.
We've been writing about the lack of trend in India and Equities around the globe for months and despite the breakout to new highs in the Nifty 50 and several Large-Cap stocks, we remain cautious about calling this a "confirmed uptrend" and getting overly aggressive on the long side.
In this post, we'll explain why this remains a two-way tape.
While updating our Members-Only Chartbooks today we came across two major breakouts that need to be pointed out as they play key roles in the Infrastructure and Public Sector Bank Sectors.