These are the registration details for the live monthly conference call for Premium Members of All Star Charts.
This month’s Conference Call will be held onMonday July 20th at 7PM ET has been changed to Tuesday July 21 at 7PM ET. As always, if you cannot make the call live, the video and slides will be archived and published here along with every other live call since 2015.
On this week's show, I walk Howard through how to order my favorite pizza online and we discuss the price action in $TSLA and what that means for both the stock and the company.
Welcome to our latest edition of "Under The Hood." Read more about it here.
In this column, we analyze the most popular Robinhood stocks over the trailing week and find opportunities to either join in and ride these momentum names higher, or fade the crowd and bet against them.
This week we have a handful of trade ideas on the long side in a number of names that continue to exhibit impressive relative strength.
Let's dive into it. Here is this week's list of most popular stocks, measured by net increases in Robinhood accounts that hold shares.
Sometimes, the generous idea guys at All Star Charts just happen across something that immediately catches their eye and they post it up quick on twitter.
Today Steve Strazza offered this up on Virtu Financial $VIRT:
This is Virtu Financial $VIRT, a HFT which benefits from the wider bid/ask spreads and higher volumes that accompany periods of heightened volatility... price is attempting to break out above its YTD highs ~26 pic.twitter.com/1ZmRO29QwS
That base, and the low volatility in options immediately caught my attention too. These are my favorite setups: Blue skies up above coupled with low vol.
So I'm keeping it simple and swinging for the fences.
Rotation is the lifeblood of any bull market, so what better way to use our "Chart of The Week" than highlighting the rotation into cyclical sectors that's currently taking place.
This week on Happy Hour w/ Traders, I chat with 2 of the best in the business: Brian Shannon and Joe Fahmy. We've all been friends for a decade and I still learn from both of them every single time we talk.
The way I see it, I'm having these conversations anyway, so may as well hit record so you guys can learn from them the same way that I do.
In this episode we talk about the restaurant stocks, pharmacies, which areas he wants to avoid and which ones he wants to own. He says the pair trade of the decade could very well be: Long Shaquille O'neil (Papa Johns $PZZA) and Short Kanye West (The Gap $GPS). This was a really fun conversation. I picked up some good ideas and had a few laughs.
Every week we publish performance tables for a variety of different asset classes and categories along with commentary on each.
This week we're going to highlight our US Index and Sector ETF tables, and focus on the laggards as they are giving us the most important information for the current market environment. Let's dive into it.
No surprises here... The Nasdaq $QQQ outperformed aggressively once again last week, booking a +4.7% gain while Mid, Small, and Micro-Caps were all lower. The Nasdaq is the only US Index that is higher over the trailing month.
I'm really enjoying these virtual Happy Hours I've been doing with my friends. You guys seem to enjoy them so I'm happy to keep recording these chats. I'm having the conversations anyway right?
But here we are. 6 weeks of outperformance by Emerging Markets. Is this just another blip in the long-term downtrend for EM, particularly relative to US Equities?
We discussed this all in our NEW Q3 Playbook that was just published over the weekend.
The first section dives deep into the US Stock Market, and the second half covers International Stock Markets and FICC (Fixed Income, Commodities & Currencies).
You can skip right to the trade ideas here if you'd like, or give the full report a read!
Responses to this week's Mystery Chart were mixed. Some were betting on a breakout and buying while others wanted to fade this against the prior highs.
Others were waiting for more information, which is likely what we'd be doing. Thanks to everyone for participating.
But this chart is already packed with information. Let's dive in and talk about what it is.