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!
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:
- 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?
As always, we'll leave as much time for Q&A as possible. Looking forward to seeing you on the call!
You guys know that I prefer to incorporate more of a weight-of-the-evidence approach to markets rather than basing my decision making on a single indicator. We look at stock markets all over the world to find themes, both bullish and bearish, and then take advantage of them within U.S. markets. I then take a similar approach and go sector by sector in the U.S., including a series of sub-sectors, to break it down even further and find themes within the U.S. As you guys well know, the reason we were bullish since January was because of the weight-of-the-evidence internationally, not because of what we saw in the S&P500 or Dow Jones Industrial Average.
Today I conducted an experiment where I went sector by sector doing my normal annotations and note-taking, but this time I asked myself 3 questions for each sector/sub-sector:
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 Thursday February 11, 2016 at 7PM ET
In this month's premium members conference call, we will discuss the following topics:
- Can we still get a counter-trend rally before getting down to 1720 in the S&P500?
- A deep dive look at the Bond Market and how to profit from it
- Why Emerging Markets will keep outperforming
- Crude Oil and Gold - What do we do with these now?
- Amazon has been a great short, but what do we do with these momentum stocks today?
As always, we'll leave as much time for Q&A as possible.
One of the most valuable tools that we have as market participants is in taking the sum of the parts to help come up with a final conclusion. While we all talk about what the Dow did yesterday or what it’s done year-to-date, it is easy to forget that there are 30 companies driving this popular U.S. stock market benchmark. By going through each of these 30 stocks, we can get a better feel for the market itself rather than just analyzing the performance of the index. To me, it’s the combination of the two that seems to be the best approach.
All of the 30 Dow Components have just been updated in the Chartbook, and here are my notes on the results: