[Premium] Monthly Conference Call Video Recording April 2018
This is the video recording of the April 2018 Conference Call. After reviewing approximately 5000 charts from all over the world, these are my conclusions.
First of all, there are exponentially more bullish looking stocks than bearish ones. This goes for both U.S. Stocks and those from all over the world. The Credit Markets are confirming this bullish outlook for stocks with risk appetite coming from the largest market in the world. Any volatility in Stocks this year has not spilled over into Fixed Income or Forex Markets, again confirming the lack of risk aversion from institutions.
In this month’s call, we go over all of the U.S. Sectors and the stocks within these groups showing both positive momentum and relative strength. We discuss the forex and credit markets, as well as the inflationary forces driving commodities prices higher, including energy and precious metals.
There are plenty of opportunities to make money this quarter and I tried my best to lay them out in an easy to follow process. Here is the video in full:
[Premium] Members-Only Conference Call Thursday April 19th at 7PM ET
Every month I host a conference call for All Star Charts Premium 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.
The new volatility regime in 2018 has caused many to question the uptrend in stocks that we’ve seen the past couple of years. In this call we will go over all of the markets around the world including intermarket relationships that help us identify whether risk appetite overwhelms any risk aversion we’re seeing from institutional investors. On Thursday, we’ll focus on a series of indicators that we look for to develop a list of stocks and commodities that we want to be buying throughout the 2nd quarter. I think there is more opportunity to profit today than we’ve seen in a long time.
This month’s Conference Call will be held on Thursday April 19th at 7PM ET. Here are the Registration Details: [Read more…]
Many Signs Are Pointing To Higher Silver Prices!
Over 90% of the time, sentiment data is completely useless to me. I only care about it when we see it at or near extremes, which is not often. Some people dismiss sentiment data altogether in favor of tools that can be used more frequently. Not me. I’ll stay patient all day and just wait for my pitch. The unwinds from extremes in sentiment can be very powerful and last much longer than investors usually expect.
Currently, we’re seeing an interesting setup in Silver. Commercial Hedgers, which are traditionally the “Smart Money”, have on pretty much their smallest hedges of all-time. In fact, Commercial Hedgers, who are always short Silver Futures, it’s just how short, are now almost net long! That never ever happens. So it’s got my attention. [Read more…]
This Is Why We’re Buying Stocks
As homo sapiens we’re hard wired to feel the need to gossip. This goes back hundreds of thousands of years throughout evolution. We still see it today and through the speed of communication technology, that gossip gets amplified. While some would argue the issues of today’s society are unique, anyone who studies history knows that none of what we’re seeing today is new.
It’s our job as investors to be aware of this cognitive behavior flaw and work on avoiding the potentially disastrous implications of allowing our evolutionary gossip habits to enter into our portfolio decision making process. I’ve seen some amazing technicians and traders let their political opinions get in the way of their “process” and watched their horrible downfall. It’s been heart wrenching to watch, but the lessons learned by witnessing their collapse is something that will stay with me forever.
The current political and economic environment is unique in it’s own way, but they always are. Rather than focusing on the noise, I’ve found it extremely valuable to pay attention to the only thing that actually pays us: price.
I rip through 5000 charts a week, and most of the time even more than that. We’re talking U.S. Stocks and Sectors, European stocks, indexes and sectors, India, Southeast Asia and Latin America. I’m searching far and wide for signs of all of these troubles that I keep hearing about in the gossip news outlets. I just don’t see it. To the contrary, I see healthy sector rotation, consistency in positive breadth and momentum, and an overwhelming amount of bullish signs relative to any bearish ones.
You guys know which stocks and sectors I like. That hasn’t changed at all in the past week. So rather than reiterate some of the more favorable risk vs reward opportunists I see out there, the Trade Ideas page is available for Premium Members here. Instead, today I want to focus on a few things I see out in the world that make me look at the glass half full, rather than half empty like so many people I see doing out there. [Read more…]
Breadth Improvements Point To Higher Stock Prices
I look at facts. There are many people who choose a variety of other factors that aren’t necessarily true. Market participants all over the world look at economic data (which are estimates), statements from CEOs of companies (do you trust them all? if not, which ones and why?), analysts ratings (are opinions) and an infinite of other metrics that have no history of being fact. Price, on the other hand, is the only truth we can be confident in believing. I’m selfish, if I can’t trust that my data is correct, how could I possibly trust the outcome?
The way I look at markets is very simple: we want to see relative strength and positive momentum. Today, we’re going to stick with momentum itself and what has happened the past few months. To be clear, I explain my entire process of analyzing momentum on this page. The get to the point of this post, we all need to understand that when momentum is in a bullish range, it is confirming that prices are in, or still in, an uptrend. It’s when momentum falls into a bearish range that the evidence points to a downtrend in price, or at least a market that is no longer an uptrend.
I look at 5000 charts a week, every week. This isn’t something I do on occasion. This is what I do. Take my word for it, or start tracking it yourself, when the price of a stock or commodity or market index is in an intermediate-term uptrend, momentum, using a 14-period RSI, is above 30. When prices are correcting within an ongoing uptrend, we do not see oversold conditions (below 30 RSI). The same can be said in bear markets when RSI fails to reach 70 in momentum. That would be characteristic of a downtrend in price: [Read more…]
[Chart Of The Week] Copper And Emerging Market Stocks
You often hear people call it, “Dr. Copper”. They say the metal has a Ph.D. in economics because of its ability to predict turning points in the global economy. I’m not sure about all that, but I do see a strong correlation between it and Emerging Market stocks. Today we’re taking a look at these two assets and why Copper’s next move is likely to coincide with the direction of Emerging Market stocks.
[Premium] Playbook To Profit In Q2
This is the 2nd Quarter Playbook for Members of Allstarcharts.com [Read more…]
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