Every year I post a “Chart of the Year” which have been bad ass, since they’ve been so dominant as market factors for the year looking forward. Last year my $FDN was a beauty. In essence, its top weighting was $FB, $AMZN, $NFLX, $GOOGL, $CRM. After all, 2015 was when #FANG was born.
Here’s a look at my call in December. That this chart would lead to excellence in the overall market movement. The images in the post all appear to have expired, but here’s the same snapshot I introduced in the iBC NYC Conference, which was months prior.
From CNBC today:
If you enjoy the content at iBankCoin, please follow us on TwitterAfter months of churning in a narrow range, the markets could be in store for a very sharp move, according to veteran technician Ralph Acampora.
“I think if you look at the S&P 500 and put a Bollinger Band on it, it’s getting very tight,” Acampora told CNBC’s “Futures Now” on Tuesday. Technicians often look at Bollinger Bands as a measure of volatility in the market — they tend to tighten during periods of low volatility and widen during periods of heightened volatility. The S&P 500 has not seen a 1 percent move in either direction since July 8 — its longest such streak since 2014.
“It’s like winding a spring,” he added. “This tells me that the move should be pretty dramatic either up or down, and I opt for the up because of the current leadership in technology and financials.”
Technology and financials are the two best performing sectors over the last three months, rising a respective 9 and 4 percent while the S&P 500 is up 3 percent in the same period.
But what makes Acampora even more bullish lies beneath the surface.
“What’s really impressive — and I’ve been looking at charts for 50 years and I’ve never seen [anything like this] — when the S&P 500 and Dow moved to new all-time highs, it was led by market breadth,” said the director of technical analysis for Altaira Capital Partners. “That means the majority of stocks were stronger than the large blue chip averages. I don’t think I’ve ever seen anything like that.”
Acampora explained that the outperformance of small and mid-cap stocks lead him to believe that the market is broadening, and that could mean even more new highs in the near future.
“I’m fairly bullish longer term,” he added.
I wonder how many fakse breakout/breakdowns we’ll get before the real move
Fakse – I guess that could be fake or false, spellchecker letting me down
What are you referring to?
Since everyone can see BBs are incredibly tight I’m expecting many to jump on board whichever direction they break, but doubt it will be that simple…
Point being I saw this a year and a half ago, and hence running circles around the retarded.
Here is the clip
https://www.youtube.com/watch?v=2xizUJ6b9gU
I actually agree that the first move (at least) will be false. Too many people waiting for it.
Wait, what is the “first” move. That ATH move?
What move is left for “first?”
LOLZ
My comment on that post way back in DEC was money $$$
Wait, I bet I remember it…
I only noticed it because it was the last comment on the post
Bot TWTR 19.12
For anyone interested in $ASHR from OEW:
https://caldaro.wordpress.com/2016/09/08/china-new-bull-market-underway/
Jeffries crapping in my LULU after nice reversal yesterday. Hate ANALysts!!!!!
Buy the weakness this morning…LULU AAPL TWTR BIDU
NTAP looking to break loose from yesterdays range for those inclined to chase momentum….next stop 40+
Been waiting for a dip? Well, here it is….stop starting at the screen like a deer in headlights and start writing buy tickets.
Bot AAPL weekly 108’s @ .16
Lots of weak hands getting washed out this morning…..setting up for some long tails / bullish springs. Weak TLT = Risk On.
Got aggressive on Sept $X calls this morning, 18 strike.
Liking the relative strength in NFLX. Someone loaded up on next weeks $98 calls on the close yesterday.
sold V calls. Looking at retail stocks and IYT components for entry
WNC JBHT & TRN are on my radar in the Tranny space
like Net app over yest high
YELP next week’s $40s anyone?
im not likin nuffin……….feels heavy from here
Are you talking about stocks or the dessert menu at Applebee’s?
bought CBM. Added to TWLO
crc working
Booked 1/2 the $PYPL weekly calls 390%. Thanks for the idea boss
Doubled down on AAPL weekly 108’s @ .05
Buy AAPL Sep $100 puts instead
Added a few more after that one! Also bot FB weeky 131’s @ .16
You think AAPL will get back to 108 by tomorrow? Or just averaging down since you already in? Jesse Livermore had something to say about that….
Yup, calls here for sure.
Long $SOHU Oct $45 calls. .75
My puts are working better than my calls today. They are risk-on puts ($CPB, $DRE), so hopefully no cause for alarm.
Happy to see $WDC holding onto yesterday’s gain.
$AAPL Oct 110’s look like a nice R/R. Cheap and when iPhone7 gets rave reviews and sells out she should move
Loading $JDST again here… looks like the disbelief rally may be running out of steam. Stop out on new highs in the metals.
And don’t sleep on $BIDU here for the YOLO players, 5 min chart has a nice wedge into the up trend going since yesterdays open. I’m already in for next week… but worth a look if you aren’t.
I yolo-ed some AAPL 106s here
Aim high Willis!
risk/reward – I love playing the nickel options when they pay out, but not feeling that aggressive today
Was loving the setup of my SINA puts, and then all of the options went non-standard this morning. Spent most of the morning figuring what the hell non-standard options even are. Fun.
Hammertime….we close green
not quite…
OA…..you still on $FCX
Some dead-ass Sep calls.
I’d sure like $FSLR to bust a move, at least sometime in the next month.
SBUX needs some caffeine
Bot small $SNA Sept 155 calls
CLVS is my TWLO bro
🙂
Back in TWLO, liking how LN is lining up
Sell $56.5 buy back at $57.5? Why not keep the commission?
What would you say if we had a pullback to 50-52?
BLOG POST
ROTFL
Charts aren’t showing up in the link back to your Ultimate Compression blog.