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Alpha Trader #2 - Watch The Price, Not The News With J.C. Parets

Alpha Trader #2 - Watch The Price, Not The News With J.C. Parets

FromAlpha Trader


Alpha Trader #2 - Watch The Price, Not The News With J.C. Parets

FromAlpha Trader

ratings:
Length:
41 minutes
Released:
Oct 22, 2019
Format:
Podcast episode

Description

The latest episode for Alpha Trader features hosts Aaron Task and Stephen Alpher talking with J.C. Parets of All Star Charts. J.C. is pure technician - caring not a whit about any of the news, but instead purely focused on what the charts are saying. And what is he hearing? Stocks for the last couple of years have essentially been in a consolidation following an historically strong bull market. This sort of pattern typically resolves in a continuation of the previous trend - meaning a fresh bull run lays ahead.

Making Parets even more optimistic is market sentiment. He notes that pessimism today - with equity markets globally more or less at all-time highs - is greater than it was last December, when markets were falling apart. Strong price action alongside terrible market sentiment is a "killer combination," he says.

It's not just stocks. Bitcoin, gold, and the dollar also have price charts, and J.C. has interesting outlooks on all three.

Ahead of the chat with Parets, Task and Alpher mull last week's surprisingly hawkish comments from the usually dovish Chicago Fed President Charles Evans. Markets have priced in another rate cut at the Fed's late-October meeting. Is a surprise in store?
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Released:
Oct 22, 2019
Format:
Podcast episode

Titles in the series (100)

Alpha Trader taps into topics and trends offering in-depth analysis of the market from the perspective of a trader. Hosted by former Seeking Alpha VP of Content Aaron Task and Seeking Alpha Managing Editor of News, Stephen Alpher, the show will feature discussions of the latest news and regular guests from among the smartest traders in the market today.