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The Hall of Famers (02-09-2024)
about 2 months ago by Alfonso Depablos @ All Star Charts

From the desk of Steve Strazza @Sstrazza Our Hall of Famers list is composed of the 150 largest US-based stocks. These stocks range from the mega-cap growth behemoths like Apple and Microsoft – with market caps in excess of $2T – to some of the new-age large-cap disruptors such as Moderna, Square, and Snap. It […] The post The Hall of Famers (02-09-2024) appeared first on All Star Charts.

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Macro is Hard
about 2 months ago by Ben Carlson @ A Wealth of Common Sense

If Jerome Powell and Paul Tudor Jones can't forecast the economy why would you? The post Macro is Hard appeared first on A Wealth of Common Sense. ...

How to Trade Energy’s Seasonal Tailwind 
about 2 months ago by Ian Culley @ All Star Charts

From the Desk of Ian Culley @IanCulley It’s time to turn our attention to the energy space. The same market conditions that favored energy in Q3 of last year are brewing.  Interest rates are rising. King Dollar is refusing to step aside. And energy contracts – especially crude oil – are entering a historically strong […] The post How to Trade Energy’s Seasonal Tailwind  appeared first on All Star Charts.

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Your Questions, Answered! Price Gaps, Bull Flags and MORE
about 2 months ago by StockCharts TV @ StockCharts.com YouTube Channel

Feb. 9th, Host David Keller, CMT digs into The Final Bar Mailbag and answers questions on price patterns like bull flags, what price gaps actually represent on the chart, and why analyzing earnings trends could help you anticipate subsequent moves for stocks like META. 00:00 - Intro 00:45 - Q1: How do you identify a bull flag or a bear flag, and how should they be traded? 03:53 - Q2: Can you explain why there are gaps at the market open? Why don't they open at previous day’s close? 07:21 - Q3: How do the charts change when inflation is taken into account? 09:50 - Q4: How do you calculate daily price bars for Bitcoin as it never stops trading? How does that relate to ETFs like IBIT? 13:20 - Q5: You showed an $SPX chart this week with decelerating trendlines- what is the significance of this? 16:10 - Q6: Would you label HSY as an inverse head and shoulders pattern? 19:01 - Q7: META’s earnings report last week followed very similar pattern to 2023, when a 10% decline followed. Do you...

AAR: January Carloads Down and Intermodal Up YoY
about 2 months ago by Calculated Risk @ Calculated Risk

From the Association of American Railroads (AAR) Rail Time Indicators. Graphs and excerpts reprinted with permission. In January, severe winter weather significantly disrupted railroad and rail customer operations in much of the country. Moreover, uncertainty remains in the economy, especially in sectors that are important to railroads, like manufacturing. Because of these factors, January is not necessarily a harbinger of what’s to come for rail traffic in the months ahead. That’s important to note, because total carloads on U.S. railroads fell 7.2%, or 79,725 carloads, in January 2024 from January 2023. It’s the largest year-over-year percentage decline for total carloads since February 2021 (another month when rail volumes were impacted by severe winter weather). Intermodal (which is not included in carloads) fared better in January: intermodal originati...

How to Use ChatGPT to Test Theories on Stock Prices
about 2 months ago by Dr. Duru @ Dr. Duru

I have a good friend that comes up with interesting theories about relationships in the stock market. Recently, he claimed that “more often than not”, on a day where the big cap stocks gain and the iShares Russell 2000 ETF (IWM) does not gain, IWM will experience a daily gain on the next trading day. ... Read more The post How to Use ChatGPT to Test Theories on Stock Prices appeared first on ONE-TWENTY TWO: Trading Financial Markets.

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Hot Corner Insider Weekly Strategy Session – February 9, 2024
about 2 months ago by David @ All Star Charts

This is the video recording of the February 9, 2024, Hot Corner Insider Weekly Strategy Session.   The post Hot Corner Insider Weekly Strategy Session – February 9, 2024 appeared first on All Star Charts.

Friday links: the index mindset
about 2 months ago by abnormalreturns @ Abnormal Returns

Poor Weather Reduced Employment by About 50,000 in January
about 2 months ago by Calculated Risk @ Calculated Risk

The BLS reported 353 thousand non-farm jobs were added in January.   During the Winter months, I like to look at the weather impact on the report.The BLS reported 553 thousand people were employed in non-agriculture industries, with a job, but not at work due to bad weather. The average for January over the previous 10 years was 257 thousand (median 248 thousand), so more people than normal were impacted by bad weather. The BLS also reported 1.794 million people that are usually full-time employees were working part time in January due to bad weather.  The average for January over the previous 10 years was 835 thousand (the median was 645 thousand).  This series suggests weather negatively impacted employment more than usual. The San Francisco Fed estimates <a href="https://www.frbsf.org/economic-research/indicators-data/we...

The Underappreciated Role of Zero-Dated Options in the Current Rally
about 2 months ago by Steve Sosnick @ IBKR Traders’ Insight

It was a year ago that so-called "zero-dated" or "0DTE" options became a talking point. Their role in elevating the market from that time forward is underappreciated. Rather than being a trigger for a potential "Volmaggedon" they have been a more consistent force behind the bull market.

Making a living trading 1 hour a day LOL
about 2 months ago by Michael Martin @ MartinKronicle

How to make a living a trading, trading one only hour a day. Guess what folks? You can’t. I’m putting you on. The thing is trading’s hard. I know there’s a ton of videos out there that tell you how you can use AI for this and that, or you can just do this one […] The post Making a living trading 1 hour a day LOL first appeared on MartinKronicle. The post Making a living trading 1 hour a day LOL appeared first on MartinKronicle.

Stock Mania Heightens as Global Growth Gets Upgraded: Feb. 9, 2024
about 2 months ago by Jose Torres @ IBKR Traders’ Insight

The headwinds of troubled real estate markets in China and the US combined with growing geopolitical risks and challenges associated with monetary policy are adding risks to economic prospects.

Is Tesla Still A Magnificent 7 Stock? EV Maker Could Get Bumped By These Companies
about 2 months ago by Neil Dennis @ IBKR Traders’ Insight

Eli Lilly and Berkshire Hathaway now have market caps above that of Tesla. Tesla‘s standing within the Magnificent Seven is in question.

Podcast links: platform agnosticism
about 2 months ago by abnormalreturns @ Abnormal Returns

Fridays are all about podcast links here at Abnormal Returns. You can check out last week’s links including a look at the...

What’s on Tap Weekly Calendar: Feb. 12 – 16, 2024
about 2 months ago by Sal Nisi @ IBKR Traders’ Insight

What’s on Tap Weekly Calendar: Feb. 12 - 16, 2024: Economic calendar, earnings calendar, weekly sales, conferences…

The Euro Faces Choppiness. Is the ECB Ready to Pivot?
about 2 months ago by Jim Iuorio @ IBKR Traders’ Insight

The U.S. dollar continues to act as a headwind against most currencies. With some European countries showing signs of economic fatigue, is the ECB ready to cut interest rates? Insights by Jim Iuorio.

Bond Convexity in Excel and R
about 2 months ago by Sang-Heon Lee @ IBKR Traders’ Insight

This post explains the meaning and calculation process of the convexity by using Excel and R.

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[Options P2P] Daily Digest 2/9/24
about 2 months ago by Sean McLaughlin @ All Star Charts

In today’s Daily Digest, we’ll review: No new positions today. Adjustment to ARKK. No exits today. Current status of open campaigns. Let’s dig in! The post [Options P2P] Daily Digest 2/9/24 appeared first on All Star Charts.

Rates: Higher for Longer It Is! 
about 2 months ago by Ian Culley @ All Star Charts

From the Desk of Ian Culley @IanCulley Whenever a fellow parent asks what I do, I tell them I comment on interest rates. I’m not involved in the semiconductor industry or the AI revolution. I don’t rob community banks (a personal favorite, despite mixed reactions). And I certainly do not analyze fixed-income, forex, and commodity […] The post Rates: Higher for Longer It Is!  appeared first on All Star Charts.

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Volatility Is Good. How to Use It.
about 2 months ago by Steven M. Sears @ IBKR Traders’ Insight

The price weakness clarifies investor sentiment, and that often increases options volatility. Why?