3 Uptrends Worth Watching

JC Parets
February 28, 2022

If the world was coming to an end, and stocks all over the world were about to collapse, then these 3 charts would likely not be going up.

If the argument is that the relentless selling was limited to overexposure in US Growth Stocks, then these 3 charts should continue to rise.

The first one is Berkshire Hathaway. Tell me this isn't an uptrend:

And if Berkshire Hathaway is trending towards the upper right of the chart, how bad could things be?

And how about the Value Line Geometric Index, showing us more of the Median move among stocks.

I see former resistance in early 2018 turning into support this week:

As long as we're above those 2018 highs, I don't see a major problem.

And finally, representing the metals and mining space is Freeport-McMoRan.

I'm just not going to bet on an end of the world scenario if Freeport is trending higher. In fact an upside resolution out of this range would be incredibly constructive.

These three charts point to this all being more of a rotation than distribution.

We'll know soon if it's the opposite.

Just like the $MJ and $SPCE charts, we'll know very soon if these are going to hold or not.

I'm looking forward to going over all of these, as well as the stocks we want to own to take advantage of this situation, on Tuesday night.

Be there. You're going to want to hear this!

Monthly Charts Strategy Session

We get a fresh batch of Monthly Candlesticks today!

As usual, I’m very excited about it.

This process of analyzing Monthly Charts is easily the best use of my time at work throughout the entire year. It might take me half an hour each month. That adds up to only 6 hours per year.

I promise you there is no better use of 6 hours if you’re in an investor.

Not only do these Monthly Charts help us zoom out and identify primary trends, the truth is that it gives us no choice! It forces us to.

And this is a helpful process no matter what your time horizon is. That might be the best part!

Our Live Video Call will be held this Tuesday March 1 @ 6PM ET.

Premium Members can register for that here, if you haven’t already.

As always, if you cannot make the call live, the video and slides to download will be made available here shortly after the completion of the call.

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