The first ever Chart Summit was a huge success. I can’t believe how awesome that was. Considering this was 100% virtual and presenters and audience members were logging in remotely from every part of the world, we managed to get through it without many hiccups. Most of the videos have been published correctly and audience members are able to go back and get through about 95% of all the content. Not bad. I think we’ll take it.
The feedback has been amazing so thank you to everyone who helped make this possible, including our presenters, our sponsors and, most importantly, to our audience who showed up with enthusiasm to learn! I love to see so much excitement towards the discipline of Technical Analysis. I did everything I could with the hope that my predecessors who first broke barriers for us Technicians back in the 1960s and 70s would be proud of what we were able to accomplish last week.
Here is the video of my presentation where I go over my top/down approach to markets, including examples of what we’re seeing in today’s environment. In order to bring some additional value, I also discuss my approach towards risk management and the arithmetic I use for position sizing. [Read more…]
Summer is seasonally a low volume time for the market, the big traders are on vacation with their families, playing golf with their buddies and attending various charity events in beautiful locations. Meanwhile, the rookies are at the desks with their hands tied behind their backs.
Now that Labor Day has come and gone, volume starts to pick up and the rookies are back to fetching coffee for the big boys. This year has certainly not been immune to this traditional September adjustment
As always I use my top down approach to first identify [Read more…]
This weekend I took advantage of some time off to go over every single chart that I follow from all over the world. These include U.S. Stocks, Sectors and Indexes, International Indexes, Commodities, Currencies and Interest Rate Markets. There are many people complaining about the uncertainty in the current market environment. But I would argue that there is always uncertainty in the market and today is no different. [Read more…]
We held a free webinar this week to show off our new ChartBook and discuss how to best invest for 2016 using intermarket analysis. At All Star Charts, we use a global top/down approach in order to take the weight-of-the-evidence in Stocks, Commodities, Currencies and Interest Rates to come up with a theme. Once we have a major global theme, we will break it down to specific U.S. Sectors or Country ETFs and either buy or short individual ETFs or stocks to express our theme using strict risk management procedures [Read more…]