We retired our “Five Bull Market Barometers” in mid-July to make room for a new weekly post that’s focused on the three most important charts for the week ahead.
This is that post, so let’s jump into this week’s edition.
[Read more…]Expert technical analysis of financial markets by JC Parets
We retired our “Five Bull Market Barometers” in mid-July to make room for a new weekly post that’s focused on the three most important charts for the week ahead.
This is that post, so let’s jump into this week’s edition.
[Read more…]One of the most anticipated moves that market participants have been waiting for, is a rally in the Commodities space. We had seen some signs of this in December ’20-January ’21, but those moves didn’t sustain. On the contrary, the base metals moved below their resistances and consolidated for two months.
Aluminum was the lone star in this group that continued to power through, despite the overall weakness that was prevalent in this sector.
This was a major reason why we continued to hold out for a rally in the base metals- Relative Strength. Aluminum was displaying relative strength against the rest of the metals. Had it been a scenario of overall weakness, Aluminum would be moving south as well.
We’ve noticed a pick-up in activity in the same names that were correcting/consolidating and thought this is as good a time as ever, for an update!
We debuted a new scan recently- The Outperformers.
The Outperformers is our newest scan that pinpoints the very best stocks in the market. It’s the fastest, easiest way to find quality names that are primed for major moves.
As we progress into Q1 of Fiscal Year 2021-2022, this playbook outlines our thoughts on every asset class and our plan to profit.
This playbook will cover our macro view, touching on Equities, Commodities, Currencies, and Rates, as well as outline our views on the major nifty indices and the sector/thematic indices.
We also cover individual stocks we want to be buying to take advantage of the themes discussed in the playbook.
This week we’re looking at a long setup in the Metal sector. There are a handful of sectors that are outperforming the market as Nifty 50 continues to move sideways, and Metal has been a consistent name there.
[Read more…]
We retired our “Five Bull Market Barometers” in mid-July to make room for a new weekly post that’s focused on the three most important charts for the week ahead.
This is that post, so let’s jump into this week’s edition.
Over the past month, we’ve seen agricultural commodities catch a bid as they break out of overhead supply zones and long-term consolidations.
We’re tracking some commodities that have been witnessing a sharp move and demand to be noticed. So let’s dive right in!
This is the recording from the live April 2021 Conference Call for Members of the Allstarcharts India! Before getting into individual stock ideas in India, we’re going to first start with the global macro perspective. Once we identify the direction of the underlying trends from a structural and broader view, then we’ll dive into the NIFTY Indexes on both longer-term and short-term timeframe. We want to look at Large-caps, Small-caps and everything in between before getting into the Sector and Industries themselves like Energy, Banks and Pharma.
This is when we finally break things down to the individual stock scenario with identified risk vs reward opportunities. That is what this is all about – aligning ourselves in the direction of the underlying trend while at the same time identifying where the risk is to make sure the potential reward is skewed exponentially in our favor. You will find that throughout this process we discuss Momentum, Fibonacci and Relative Strength. I encourage you to check out the Education Section so you know exactly where I’m coming from when you hear me mention these tools.
Here is the video in full: