Top Down Approach to Technical Analysis | Importance of Price | Bond Market Analysis

On this auspicious Diwali weekend, we have brought you another insightful episode on Top Down Approach to Technical Analysis with JC Parets.

JC begins this conversation with explaining the importance of price. He highlights that price is the only thing which is going to pay everyone at the end of the day. And this can happen only when we sell things at higher price than their cost. Thus, every investor should focus only on price.

JC believes that price moves first and then stories are made to justify it’s movement.He also remembers 2008 crash which he enjoyed being bearish. But JC also mentions that even if you're right market can make you look like a fool.There's always a lesson in every single trade you do.

JC and Apurva then shifts their conversation to the bond market. Retail investors must also consider what's happening in the bond market. They can use the information from bond market to make a better trade decisions in the stock market.

JC believes that energy and financials are the sectors that can benefit the most from high interest rates. He shows this with CRB index and crude oil charts. He also shows Nifty Energy chart to explain what an uptrend in particular sector looks like.

JC then throws light on relative strength charts which he and Apurva believe are underrated. It is the most important indicator after price according to him. In relative strength, one asset is compared to the other. This comparison can be done between stocks, bonds or even commodities. When market goes through a bad phase you must use relative strength and look for stocks which are not falling.

JC finally mentions that you as a retail investor need not worry about beating the benchmarks. One should just focus on price movements to track stock market in a better way.


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Timeline:
0:00 Introduction
2:00 JC's journey into the financial markets
7:35 JC's experience in 2008 market crash
11:35 Trading recommendations for for retail investor
19:26 JC's view on Indian markets and it's future
22:22 Use of relative strength in analysis
27:12 JC's view on Indian energy basket stocks
29:49 Highlights and glimpse of next episode


About JC Parets:
JC is a founder of @AllStarCharts which provides institutional trade research to the investors in USA and India. He has a vast experience of more than seventeen years in global financial markets.
JC himself is a Chartered Market Technician (CMT).He graduated in finance from Fairfield University.He is been invited on various media channels like CNBC, Fox ,Bloomberg to share his views on markets.He also has been a guest to Duke University,University of Chicago and NYU. Apart from markets,he takes interest in cooking,playing baseball with his friends.


About #TheRightChoicesShow :
The Right Choices with Oracles of Dalal Street is hosted by Apurva Sheth. He is the Chief Markets Editor at Samco. He has more than 11 years of experience in financial markets.
Our show focuses on curating actionable and insightful strategies from real-world stock market heroes. Our guests have been successful in markets and are willing to share their insights with you.

Tune in to The Right Choices with Oracles of Dalal Street every Saturday at 11 am on our YouTube channel.

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