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[Video] Fox Business w/ Charles Payne: S&P500, Small-caps, Rates & Bitcoin

August 1, 2022

Last week I jumped on to Fox Business to talk markets with Charles.

He asked me about S&Ps, Russell2000 Small-caps, US 10yr Yield and Bitcoin.

It's funny, I don't think I've ever agreed this much with a TV anchor in my life.

His Technical Analysis was spot on.

So the setups are certainly there. But I think the catalysts are where we focus. And I believe that continues to be the Dollar and Rates.

Here's the full clip:

Major Changes In Trends

July 31, 2022

Are you watching?

Look what stocks and Crypto do with just a little tiny bit of Dollar weakness.

In fact, US Dollar Index Futures are only down 3.0% off the highs.

And look how stocks have done since the Dollar stopped going up a couple of weeks ago:

Top/Down Take: Mindtree (MINDTREE)

July 30, 2022

One of the processes we absolutely love to follow is the Top/Down Analysis approach. In this process, we identify the larger trend, zoom in, and analyze the characteristics that stand out. We look at the asset classes, identify the strongest one, and then deep dive. Next, we look at sectors and identify the pockets of outperformance. Finally, we look at an actionable trade that suits our risk and reward parameters.

So let's see what we have this time around!

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The Hall of Famers (07-29-2022)

July 29, 2022

From the desk of Steve Strazza @Sstrazza

Our Hall of Famers list is composed of the 150 largest US-based stocks.

These stocks range from the mega-cap growth behemoths like Apple and Microsoft – with market caps in excess of $2T – to some of the new-age large-cap disruptors such as Moderna, Square, and Snap.

It has all the big names and more.

It doesn’t include ADRs or any stock not domiciled in the US. But don’t worry; we developed a separate universe for that which you can check out here.

The Hall of Famers is simple.

We take our list of 150 names and then apply our technical filters so the strongest stocks with the most momentum rise to the top.

Let’s dive right in and check out what these big boys are up to.

Here’s this week’s list:

Click table to enlarge view

We filter out any laggards that are down 5% or more relative to the S&P 500 over the trailing month. 

Then, we sort the remaining names by...

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Gold Doesn’t Care

July 29, 2022

From the Desk of Ian Culley @IanCulley

The past two years of sideways chop on the gold chart has been a game of perseverance and pain. 

Gold is a honey badger, attacking a beehive face-first, digging for larvae, and somehow persevering through a thousand bee stings.

That can’t be fun, especially as other areas of the market have experienced explosive trends. But it works for the honey badger.

And it's worked for gold.

Now that commodities and stocks have come under increased selling pressure, the data continues to mount in favor of declining gold prices. 

Precious metals are looking weak. Gold stocks are breaking down on absolute and relative bases. And signs of risk appetite are nowhere to be seen.

But gold doesn’t care.

Before we get into the absolute weakness in gold and other precious metals, let’s review the relative weakness in the mining space.

Here’s a dual-pane chart of the Gold Miners ETF $GDX versus the Gold ETF $GLD and...

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[Premium] Details For August 2022 Monthly Strategy Session

July 29, 2022

These are the registration details for our Live Monthly Candlestick Strategy Session for Premium Members of All Star Charts.

This month’s Video Conference Call will be held on Monday August 1st @ 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 Monday evening:

[PLUS] Weekly Observations & One Chart for the Weekend

July 29, 2022

From the desk of Willie Delwiche.

We got a breadth thrust this week as the percentage of S&P 500 stocks making new 20-day highs edged above 55% on Thursday. This might not be the most well-known of the various breadth thrusts, but it’s the one I lean on most heavily. It’s part of our bull market re-birth checklist and watched by market pros. It’s not an all clear signal or a guarantee that the market will not go down. The market stumbled after the July 2011 signal and the performance in the wake of the March 2002 signal was ugly. But overall, this tended to point to improving conditions and indicate that the market may more easily move up and to the right. I have reservations right now (we continue to see more new lows than new highs) and I believe much of the rally off the June lows has been built on a premise that will prove false. But the data are what they are. To quote Walter Deemer, “Ours is not to reason why, ours is just to sell and buy.” Breadth thrusts signal...

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[Options Premium] Couldn't Rally, Lower is Likely.

July 29, 2022

We've experienced a pretty powerful bear market rally on the heels of yesterday's Federal Reserve interest rates announcement. Whether or not it sticks is anybody's guess. But one name in the financials space has stood out for its relative lack of participation in the recent rally off the bear market lows.

Stocks like these are the ones we want to leverage into bearish portfolio hedges. So let's get right to it.