I haven’t seen a presser of a market like this in a very long time. People are piling in.
It feels like everyone who was late to the party is trying to play catch-up.
Expert technical analysis of financial markets by JC Parets
by David
From the Desk of Kimmy Sokoloff
I haven’t seen a presser of a market like this in a very long time. People are piling in.
It feels like everyone who was late to the party is trying to play catch-up.
by Ian Culley
From the Desk of Ian Culley @IanCulley
Forget about Wednesday’s FOMC decision.
Yes, investors continue to react, unpacking Jerome Powell’s words while looking ahead to next month’s meeting. It’s a never-ending cycle proffered by unrelenting data.
But it’s this constant flux that makes the market the most engaging puzzle in the world (aside from life, of course).
Yet one piece of the puzzle renders the chaos manageable…
The closing price.
That’s the main reason I choose to devote the majority of my energy to price charts. The closing price is seldom revised, acting as an anchor during turbulent conditions.
Call me old school, but price is never wrong.
With that in mind, let’s take a fresh look at a key intermarket ratio many (including me) have labeled “broken”…
by David
From the Desk of Kimmy Sokoloff
The market has a hangover after yesterday’s Fed meeting. No rate hike, but Powell might continue to hike down the road.
The indices are extremely overbought. $TGT and $NKE had their first real up days.
by JC
These are the registration details for our LIVE Mid-month Conference Call for Premium Members of All Star Charts.
Our Live Call will be held on Tuesday June 20th at 6PM ET. As always, if you cannot make the call live, the video and slides will be archived and published here along with every other live call since 2015.
Here are the details for Tuesday night: [Read more…]
From the Desk of Steve Strazza @Sstrazza
Dividend Aristocrats are easily some of the most desirable investments on Wall Street.
These are the names that have increased dividends for at least 25 years, providing steadily increasing income to long-term-minded shareholders.
As you can imagine, the companies making up this prestigious list are some of the most recognizable brands in the world.
Coca-Cola, Walmart, and Johnson & Johnson are just a few of the household names making the cut.
Here at All Star Charts, we like to stay ahead of the curve.
That’s why we’re turning our attention to the future aristocrats. In an effort to seek out the next generation of the cream-of-the-crop dividend plays, we’re curating a list of stocks that have raised their payouts every year for five to nine years.
We call them the Young Aristocrats, and the idea is that these are “stocks that pay you to make money.”
Imagine if years of consistent dividend growth and high momentum and relative strength had a baby, leaving you with the best of the emerging dividend giants that are outperforming the averages.
By adding our technical analysis to the mix, the Young Aristocrat setups give you the opportunity to own the best of the market’s future blue-chip winners before they become must-own household names.
Often, the strongest performers in this universe and even the Aristocrats themselves pay relatively small dividends.
This is usually because the stock appreciation makes it tough to keep up with the payout — even for companies that consistently grow their yield in the double-digits!
For this reason, we don’t have a minimum threshold for the dividend.
What we’re really doing here is creating a list of quality stocks based on their ability to persistently grow their shareholder return.
And maybe the best part? This list is not just designed for long-term investors. Any kind of investor or trader can use this list as it helps generate ideas across all time frames, even the short term.
Remember, some of the most important filters we use for this list are momentum, relative strength, and proximity to new highs.
by David
From the Desk of Kimmy Sokoloff
After the first hour of trading we were mostly flat.
The Fed did what it had to do, and now we’ll watch the markets.
We may have stumbled upon an underpriced opportunity, one that must be off the radar of most traders because it’s practically jumping off the screen at us.
It’s an international banking name with speculative exposure to China, yet the DNA of old-money British aristocrats.
And we’re breaking out today!
Here’s a recent chart of HSBC Holdings PLC $HSBC:
What you don’t see on this chart is $HSBC breaking out above that resistance level today. As I type this, the stock traded as high as $39.14. [Read more…]
Congratulations to the 2023 NBA Champion Denver Nuggets!
I’m a total bandwagoner, having never watched a Nuggets game in the eleven years I’ve now lived in Colorado. My first Nuggets watch was the first playoff game this year. And I watched every game the rest of the way.
My timing was pretty good.
What has stood out the most to me in the interviews and press I saw and read last night and this morning following the Nuggets win is how their journey to the top required tremendous patience and a focus on their edge.
And more patience. More sharpening of the edge. And then a little more of both after that.
The Nuggets organization knew they were building a winner. But it would take time. Time for the stars to develop. Time for injuries to heal. Time for missing pieces to be added. And time for the stars to align.
And while the rest of the basketball world was focused on sexier teams on the coasts, the Nuggets were quietly building a juggernaut – a nearly 10-year overnight success story that began taking shape following the drafting of Nikola Jokic from Sombor, Serbia (where?) in 2014 and Jamal Murray from Kitchener, Canada (where?) in 2016.
What gave the Nuggets the fortitude to press forward? [Read more…]