The world's important stock market index just made new all-time highs, again.
We don't know what the market is going to do next. No one does.
But here's what we do know.
Going back and looking at all the data since the beginning of time, we know FOR A FACT, that there is nothing more bullish for a stock than the price going up.
We know.
We have the data.
So do you!
But have you gone back and actually taken the time to count?
The most bullish thing a stock can do is go up in price.
Here is the Dow making new all-time highs (in price), after breaking out earlier this year from a multi-year bear market.
People keep looking for bear markets that aren't there.
We just had a bear market a couple of years ago.
And we had another one a couple of years before that.
If we're going into a new bear market, you're going to need stocks to go down in price first, or at the very least they need to stop going up.
We know mathematically that you CANNOT have a bear market, or a correction of any kind without the prices of stocks falling. (See: Worst Bull Market Ever)
And another thing....
You're likely to see rotation into more defensive sectors if the market is deteriorating underneath the surface.
And so here is the most defensive of all the sectors - Consumer Staples, hitting NEW ALL-TIME LOWS this week relative to the S&P500.
This is the EXACT OPPOSITE of defensive rotation.
This is just what you normally see in bull markets...
Go back and see for yourself. You'll see. I promise.
And finally, we know that asset prices trend. The trend right now is up, and we’re doing everything we can to maximize our opportunities.
We’d like you to be able to do the same. So we’ve reserved limited space in our ASC Mastermind Course for non-Premium Members.
The ASC Mastermind Course is a comprehensive 12-week study of the fundamentals of technical analysis. It begins this week, September 25, at 4 p.m. ET. We’ll meet for 12 straight Wednesdays through December 11.
We’ll discuss key concepts of research, trading, and portfolio management. We’ll define terms like momentum, relative strength, sentiment, and seasonality and explain their real-world significance.
We’ll dig into the nuances of intermarket analysis. We’ll explain how we use Japanese candlesticks and moving averages. We’ll go deep on the value of pattern recognition in the formations created by price action.
We’ll demystify volatility, once and for all, and make it your friend. We’ll welcome special guests to share insights in their areas of expertise. And we’ll provide real-time breakdowns of actionable trade setups across sectors and industries as well as markets and asset classes.
We’re tying together in a single package the foundations of our research and our complete top down-bottom up approach.
This is the most ambitious project in All Star Charts history.
