Skip to main content

Displaying 6577 - 6588 of 12015

All Star Charts Premium

[Premium] Details For November 2021 Monthly Strategy Session

October 30, 2021

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 November 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:

All Star Charts Premium

Is It Time for Precious Metals to Shine?

October 29, 2021

From the desk of Steven Strazza @Sstrazza and Ian Culley @IanCulley      

Procyclical commodities have attracted all the attention this year as inflation and rising rates have driven prices considerably higher.

But, as we pointed out last week, many of these contracts -- Brent crude, natural gas, copper -- are running into areas of overhead supply or are already in the process of correcting.

With that as our backdrop, let’s switch gears and focus on an area of the commodity space we haven’t talked about in months.

That’s right... precious metals!

While we’re seeing many leading commodities pause at logical levels of resistance, gold and silver have finally stopped going down and are rebounding off support. Despite trending lower since last summer, they're still holding above the lower bounds of their trading ranges. We think this basket of shiny rocks is ripe for review.

Let’s take a look around the precious metals complex and see what’s new.

First, we have a chart of gold futures:

All Star Charts Premium

International Hall of Famers (10-29-2021)

October 29, 2021

From the desk of Steve Strazza @Sstrazza

Our International Hall of Famers list is composed of the 50 largest US-listed international stocks, or ADRs.

These stocks range from some well-known mega-cap multinationals such as Toyota Motor and Royal Dutch Shell to some large-cap global disruptors such as Sea Ltd and Shopify.

It’s got all the big names and more--but only those that are based outside the US. You can find all the largest US stocks on our original Hall of Famers list.

The beauty of these scans is really in their simplicity.

We take the 50 largest names each week and then apply technical filters in a way that the strongest stocks with the most momentum rise to the top.

Let’s dive in and take a look at some of the most important stocks from around the world.

Here’s this week’s list:

All Star Charts Premium

Breadth Still Has Work To Do

October 29, 2021

From the desk of Steven Strazza @Sstrazza and Grant Hawkridge @granthawkridge

While breadth has improved in recent weeks and months, the bulls still have their work cut out for them.

When we consider all our breadth indicators in aggregate, the evidence remains mixed. What else is new!?  It’s been that way for the majority of this year.

Many of the major indexes made new all-time highs this week. Meanwhile, some advance-decline lines are moving higher, but others are moving lower. Some are at the top of their range, but others are at the bottom of theirs.

The advance-decline line measures stock market breadth based on cumulative net advances. In other words, it takes the number of advancing stocks on a given day and subtracts the number of declining stocks. That number is then added to the previous day’s value, creating a cumulative advance-decline line.

A/D line divergences occur when price is making new highs and the A/D line is NOT.

[PLUS] Weekly Observations & One Chart for the Weekend

October 29, 2021

From the desk of Willie Delwiche.

Plenty of time is wasted and much virtual ink is spilled pulling apart and putting back together various pronouncements by the Federal Reserve and other central banks. With an FOMC meeting on tap, this coming week will likely be more of the same. Rather than focus on what central bankers are saying, it might be more productive to watch what they’re doing. The average central bank (Fed, ECB, BoJ, PBoC) balance sheet has expanded by 10x over the past 20 years (that’s a 25% increase per annum). There is no realistic expectation that balance sheets will contract any time soon. But the pace of expansion is likely to slow (the Fed is expected to announce a timetable for a tapering of its balance sheet expansion this coming week), and interest rates around the world are on the rise. All of the net gains for global equities over the past 30-plus years have come when a majority of central banks have been in easing mode. Currently, just under 60% of central banks are still easing. But, as inflation remains persistent, we expect the number to fall and liquidity headwinds to rise.

All Star Options

[Options Premium] Bearish Treasuries

October 29, 2021

The team is out with a bearish piece on US Treasuries this week. Have a read. In it, they lay out the case why we should be looking to position for further downside trading action in a variety of Treasury instruments.

It's been a while since I've had an opportunity to put a Bear Put Spread on, and these setups look like good candidates for them.

All Star Charts Premium

A Trip Down Treasury Lane

October 28, 2021

From the desk of Steven Strazza @Sstrazza and Ian Culley @IanCulley  

Long-term interest rates have taken a hit this week, while the short end of the curve has continued higher. When we zoom out a bit, yields have been rising across the curve since this summer.

During the past few months, the 2-year yield has ticked higher by more than 30 basis points (bps), the 5-year has increased by almost 60 bps, and the 10-year has gained 40 bps. But when we look all the way out to the 30-year, it's only risen by roughly 20 basis points.

Rates are rallying across the board, Treasuries are trending lower, and bond market investors are favoring TIPS and higher-yielding securities.

How do we want to position ourselves in this kind of environment?

Well, we definitely don’t want to be buying Treasury bonds.

In today’s post, we’re going to take a trip around the fixed-income market and discuss some US Treasury funds we can use as vehicles to express our thesis.

All Star Charts Crypto

Bears Had Their Chance... and Failed

October 28, 2021

In yesterday's note, we outlined our tactical short if Bitcoin was below 59k.

We gave the bears the benefit of the doubt, but they couldn't keep prices under 60k for long at all.

We have no shame in being wrong and flipping our approach as new data comes in. In fact, we pride ourselves on always adapting to new evidence and never being dogmatic. The quicker we know we're wrong the better, because we can move on to bigger and better opportunities. In this case, we knew in just a few short hours!

This seems like a textbook failed head-and-shoulders pattern right now:

Breadth Thrusts & Bread Crusts: Compounding Your Small Decisions

October 28, 2021

From the desk of Willie Delwiche.

"We make our decisions, and then our decisions make us."

I came across that quote in a book I was reading this week (no apologies here -- I read books -- that's what I do).

That prompted me to think about how it was this time last year that I had some decisions to make about what was next in my professional journey. JC and I talked about my joining the All Star Charts team. I (we) made the decision to do just that -- and while the impacts of that decision continue to unfold, I've not regretted it for a moment. And knowing what I know now, that decision seems more obvious than it did when I made it a year ago.

It's not just the active decisions that form us. Where we pay attention matters as well. The 18th century poet William Blake was ahead of his time when he observed how "we become what we behold."