Emerging markets have been a real laggard. While developed markets around the world have been making new highs, it’s just now that emerging markets are catching up. This week the MSCI Emerging Markets Index Fund $EEM broke out to the highest level since the summer of 2015. This comes after 7 months of sideways consolidation: [Read more…]
[Chart Of The Week] A Bullish Outside Day For Airlines
It’s hard to ignore certain market moves that tend to be very rare. Bullish outside days that engulf the prior period are one of those. I think this is exactly what we saw this week in the AMEX Arline Index and it is something we want to respect. This is especially the case if you consider where this bullish reversal took place, just below important support. [Read more…]
[Premium] Members-Only Conference Call Tuesday March 21st 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.
This week I laid out a list of bullish characteristics for stocks and my list of bearish characteristics in the current market environment. The reason for this exercise is to weigh the evidence and see which way the scale tilts. In this month’s call, we’ll dive deeper into the leading sectors and really identify the signs we’ll be watching for to signal further deterioration in stocks, not just in the U.S. but globally.
We have a lot to discuss! It will be held on Tuesday March 21st at 7PM ET. Here are the Registration Details: [Read more…]
[Premium] Open Letter About The Current Market Environment
In this week’s members-only letter we discuss the following topics:
- A List of Bullish Characteristics for Stocks
- A List of Bearish Characteristics for Stocks
- Weight-of-the-evidence Conclusions on stocks worldwide
- Where In Healthcare Do We Want To Be?
- The Chip Stocks We Want To Own Today
- My Favorite Trade In Commodities
- How To Profit From Higher Stock Prices In India
- Interest Rates Are Not In A Downtrend
[Premium] Always Honor Your Stops
Remember, it’s not about being right, it’s about making money. Is it nice to be right? Of course. But it’s even nicer to be profitable. In order to do so, we focus more attention on figuring out where we’re wrong rather than allocating time and resources to fascinating about potential profits. If you want to be on my team, we’re going to play defense. So when we set specific parameters to be long against, we stay disciplined and move on to other opportunities when need be. If you use stop losses, it’s about executing them and then looking elsewhere. If your options expire worthless, just know you limited your loss to the premium you paid. The priority is always on the risk management, not on dreaming about future profits. I encourage everyone to read this post from last year: Knowing Where To Get Out Before Getting In
In today’s market environment I think it’s even more important to reiterate this point. Last week I mentioned that if we started to see cracks in certain levels for specific assets, then a more cautious stance is appropriate for stocks. Well, over the last few days, we’ve started to see that deterioration in Small-caps, Mid-caps, Micro-caps and Transportation Stocks. To add to this, the Energy stocks I discussed last week have resolved lower with a fall in Crude Oil prices. So we wanted to see each of these indexes hold above the levels we discussed and we wanted to see energy stocks resolve higher with Crude Oil making a run to $60 in order to reiterate a bullish stance. But none of those things happened. So now what? [Read more…]
[Chart Of The Week] Banks And Real Estate Point To Higher U.S. Interest Rates
Intermarket Analysis is a fantastic tool that is available to us as technicians regardless of our time horizon. Certain gauges of risk appetite, or risk aversion, can be seen simultaneously throughout various asset classes. We use these correlations as confirmations or divergences from data we’re getting elsewhere. Today I want to focus on the direction of the U.S. Interest Rate Market and compare it to the data we’re getting from Regional Bank Stocks and Real Estate Investment Trusts. The relationship between Banks and REITs is similar to the tug of war going on between investors in the Bond Market. [Read more…]
[Premium] Open Letter About The Current Market Environment
In this week’s members-only letter we discuss the following topics:
- London FTSE 100 At New All-Time Highs Is Not Bearish
- European Stocks Breaking Out All Over The Place
- Technology And Financials Continue To Lead
- What Happened in Cocoa This Week Is Important
- The Higher Interest Rates Trade
- Why Google, Facebook and Apple Are Important To Watch Here
- Homebuilders Are Leading Consumer Discretionary
- Bitcoin > US Dollar & Euro Dilemma
Technical Analysis On Bitcoin
Technical Analysis is the study of the behavior of the market and market participants. We try and identify the direction of the primary trend and invest accordingly. As Technicians we can apply our price-focused approach to any market, whether it’s stocks, commodities, currencies or even Bitcoin. If it is liquid and driven by the supply and demand dynamics in that particular market, then applying our methods of price analysis makes perfect sense and it works very well.
I jumped on board the Bitcoin train last year and added it to my Research Platform. Our clients really enjoy it, whether they are actively trading it or just interested in the product. To be honest, one of the biggest reasons why I decided to start including it in my weekly analysis is because I saw an opportunity to profit from this market. At the end of the day, isn’t that why all of us are looking at these charts in the first place, Bitcoin or otherwise? [Read more…]
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