Cotton has been in a horrific bear market for 5 years. When you talk about some of the worst places to be on planet earth over the past half-decade, Cotton has to be near the top of the list. After peaking near 220 in early 2011, the price of Cotton has collapsed recently hitting a low under 55. [Read more…]
We’ve had quite a rally over the past month in the U.S. Stock Market. This is exactly the type of behavior that we should come to expect after a failed breakdown and bullish momentum divergence, like we saw occur in early February. Let’s remember that the U.S. and other developed markets, like Europe for example, are the laggards here. We turned bullish Global Equities in late January, particularly Emerging Markets, and it wasn’t until a retest of the January lows, that we started to see the shift in the U.S. and other developed economies early last month.
We only wanted to be long the S&P500 if we were above the August and September lows. The bullish momentum divergence on last month’s sell-off helped spark this mean reversion rally. [Read more…]
Here is the video recording of the February 2016 Monthly Conference Call for Members Only
In the call we discuss:
- How much more upside is left in this global stock market rally?
- Should we expect the U.S. to continue to underperform vs. Emerging Markets?
- How Much Higher Can Crude Oil Go From Here?
- The longer-term dynamics in Gold Miners have changed. How do we profit?
- Apple has bottomed – How high can it go?
- Why We Are Finally Getting That sector rotation into Biotechnology [Read more…]
Intermarket Day is one of my favorite days. Yes I’m a huge nerd. Deal with it!
This is when I go through many markets relative to each other. These markets include individual U.S. Sectors compared with the overall U.S. Stock market. We also look at other assets against each other like Bonds, Commodities and Currencies. We price Gold in other currencies, and change around denominators for both trade idea generation and also for informational purposes.
Here are some of the things that stood out from this week’s homework:
Sometimes I share with you guys what I think is a really interesting chart and/or trade and call it the “Chart of the Week”. Other times I’ll put together a study to try and confirm or invalidate a prior thesis of mine and I’ll title that the “Spreadsheet of the Week”. Today, however, I think I have what could very possibly be the Chart Of The Year! [Read more…]
Every month we host a conference call for All Star Charts Members where we discuss ongoing themes throughout the global marketplace as well as changes in trends where new positions would be most appropriate. This includes U.S. Stocks & Sectors, International Stock Indexes, Commodities, Currencies and Interest Rate Markets.
This month’s Conference Call will be held on Wednesday March 9, 2016 at 7PM ET
In this month’s premium members conference call, we will discuss the following topics: [Read more…]
From the S&P500 to the Dow Jones Industrial Average and down to the Russell2000 and Mid-cap 400, every week I go index by index looking for clues in order to take a weight-of-the-evidence approach towards the U.S. equities market. I have updated all of the indexes in the Chartbook on both weekly and daily timeframes.
The Indexes we discuss today are:
- Dow Jones Industrial Average
- Dow Jones Transportation Average
- Dow Jones Utility Average
- Nasdaq100 Index
- Mid-cap400 Index
- Russell2000 Small-cap Index
- Russell Micro-cap Index
- U.S. Treasury Bond Fund $TLT
- U.S. Treasury 10-year Yield
In this week’s members-only letter we discuss the following topics:
- Why Are Biotechs and Regional Banks Now On Our Radar?
- Why Did Everyone Miss This Monster Rally The Past 6 Weeks?
- Which Stock Market Indexes In the U.S. Will Perform Best This Month?
- How High Can U.S. Interest Rates Go and How Will That Affect Bonds?
- Our Upside Price Targets In Apple, Now Updated
- What Is The Most Important Thing To Watch In The Gold Market?
- What Else Should We Be Watching In Precious Metals?
- Our Favorite Trade To Profit From A Weakening U.S. Dollar