Chateau Fibonacci: A Day at Future Proof with All Star Charts
The Sandbox Daily (9.23.2024)
Welcome, Sandbox friends.
Today’s Daily discusses:
how All Star Charts helps investors
the setup: from idea phase to actionable trade
the exit: when to sell
key market indicators
misperceptions about Technical Analysis
Let’s dig in.
Markets in review
EQUITIES: Nasdaq 100 +0.31% | S&P 500 +0.28% | Dow +0.15% | Russell 2000 -0.34%
FIXED INCOME: Barclays Agg Bond -0.04% | High Yield -0.19% | 2yr UST 3.587% | 10yr UST 3.749%
COMMODITIES: Brent Crude -0.60% to $74.04/barrel. Gold +0.21% to $2,651.8/oz.
BITCOIN: +0.18% to $63,304
US DOLLAR INDEX: +0.18% to 100.908
CBOE EQUITY PUT/CALL RATIO: 0.52
VIX: -1.61% to 15.89
Quote of the day
“You don’t want to live in a world where the Fed can’t deliver whatever outcome it wants to see.”
- Lee Cooperman, Omega Advisors
Chateau Fibonacci: A Day at Future Proof with All Star Charts
Today is a special edition of The Sandbox Daily in which we are joined by JC Parets and Steve Strazza of All Star Charts.
Last week, when Sandbox Financial Partners headed west to the Future Proof Wealth Festival in Huntington Beach, CA, we sat down with various folks across the industry to discuss investing principles, human behavior, markets, and the economy.
When it comes to Technical Analysis, it had to be JC and Steve of All Star Charts.
Hope you enjoy!
JC Parets is the Founder and Chief Strategist of All Star Charts, a Technical Analysis research platform for both professional investors and retail investors. JC’s work has been featured regularly on Bloomberg, CNBC, Fox Business, ABC, CNN, Wall Street Journal, and many other financial media outlets around the world. JC is from Miami, he’s a sommelier, and a former collegiate baseball player.
Steve Strazza is the Director of Research at All Star Charts. Steve brings a unique perspective to the world of Technical Analysis having started his career as an accountant doing auditing on some of Wall Street’s largest broker dealers, even working at the renowned SAC Capital for Steve Cohen. Steve lives in the Florida Keys.
Website: https://www.allstarcharts.com/
Twitter (JC Parets): @allstarcharts
Twitter (Steve Strazza): @sstrazza
That’s all for today.
Blake
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Welcome to The Sandbox Daily, a daily curation of relevant research at the intersection of markets, economics, and lifestyle. We are committed to delivering high-quality and timely content to help investors make sense of capital markets.
Blake Millard is the Director of Investments at Sandbox Financial Partners, a Registered Investment Advisor. All opinions expressed here are solely his opinion and do not express or reflect the opinion of Sandbox Financial Partners. This Substack channel is for informational purposes only and should not be construed as investment advice. The information and opinions provided within should not be taken as specific advice on the merits of any investment decision by the reader. Investors should conduct their own due diligence regarding the prospects of any security discussed herein based on such investors’ own review of publicly available information. Clients of Sandbox Financial Partners may maintain positions in the markets, indexes, corporations, and/or securities discussed within The Sandbox Daily. Any projections, market outlooks, or estimates stated here are forward looking statements and are inherently unreliable; they are based upon certain assumptions and should not be construed to be indicative of the actual events that will occur.
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Ya buddy! Love to see it