We're growing over here at All Star Charts and it's really exciting! This year we launched All Star Options and All Star Charts India. We've added Technical Analyst Tom Bruni to our team as well as our new Chief Options Strategist Sean McLaughlin.

This comes after launching our Free Educational Lessons and the All Star Charts Podcast on Technical Analysis Radio. We're also ramping up our YouTube channel these days with short videos about what we're seeing in the market. It has become very clear that we need an intern to help us out with some of these projects.

The original inspiration for the monthly conference calls for members of All Star Charts came from the benefits of the Question & Answer sessions. We have really smart and experienced members and I think everyone can get value from this process, myself included.

Over the years, our conference calls have gotten much more in depth and to keep the videos under an hour, we simply have not had as much time for Q&A as was originally intended. Therefore, starting this month I will be hosting a video Q&A which will be archived for everyone to watch.

If you have any questions, you can fill out this form and I will be answering them in a video on the evening of August 1, 2018.

Please note that this form is not a pop-out window or link, just enter your name and question directly below in the spaces provided.

From the desk of Tom Bruni @BruniCharting

When I thought of the title for this post I was hoping to make a Nascar analogy, but quickly realized I don't know anything about Nascar or racing. With that aside, what's clear from our recent blog posts is that we remain bullish on US Equities but open-minded to the new data we're getting each day. As I was going through my sector chartbook this weekend I identified a few momentum divergences that have emerged, as well as some bullish data points that potentially offset them, so this post will quickly go through my findings and key takeaways.

This weekend all of the Chartbooks on the site were updated, so this is a quick post to highlight some of the significant developments since they were last updated.

The last two trading days (Thursday-Friday July 26-27) have been somewhat challenging for the S&P 500 and Nasdaq. But there was some relative strength in the financials, in particular, American Express $AXP which last week printed a new all-time high.

This isn't entirely surprising to us as we've been watching the financials absorb cash flows as one of the next to step up in the ongoing sector rotations that continue to lead this bull market higher. And we've got a plan to capitalize.

From the desk of Tom Bruni @BruniCharting

The broad-based Financials ETF $XLF has gone basically sideways for the majority of the year, but under the surface there has been strength in individual names and sub-sectors like Broker-Dealers and Exchanges. We've spoken a lot about them in the past, so today I want to talk focus on several stocks showing relative strength that are setting up on the long side.

As a group, the semi-conductors sector has been underperforming this year, but signs are pointing to an upward trend declaration soon. This isn't a wildly bullish announcement, but neither do we need to be wildly bullish to make money on a mildly bullish opportunity.

With earnings coming up on July 30 and some significant recent support levels to lean against, we're going to take advantage of the 'earnings premium' being priced in to $KLAC options today.

Here is the latest video on our Youtube Channel: Update on the USA "Next 50" Index and its Construction

From the desk of Tom Bruni @BruniCharting

The Nasdaq Composite closed at another all-time high yesterday, but some are questioning this rally's sustainability due to the under-performance of the Semiconductor Index. Given we're open-minded about our bullish Technology thesis, we want to use this post to take explore the sector's recent performance and its possible implications.

From the desk of Tom Bruni @BruniCharting

This post is part two of the semiconductor discussion that began here, with us outlining the current trend in Semiconductors from the top-down. If you've not read that yet, I suggest you do as this post will focus on the specific stocks we want to be involved in to capitalize on the eventual continuation of this sector's uptrend.

This week I was in New York meeting with partners and old friends. On Tuesday I was down at the Bloomberg Headquarters chatting with Catherine Murray about what we're seeing from a technical perspective. We discuss Technology, Medical Equipment stocks and where we are within this secular bull market. Here's the video of the interview:

Texas Instruments $TXN appears to have authored no surprises in their quarterly earnings call on Tuesday afternoon, announcing well telegraphed results (following a recent CEO shakeup) that had basically no effect on share prices in the after-hours session.

That's good news, because now traders can get to work on completing its now 27 week base and not have to worry too much about any headline risk to get in the way in the near future. With all-time highs within range, we've got a plan to participate.