JC is fond of trades that offer asymmetric return opportunities (who isn't, really?). And we've got a potential beauty setting up in Abbott Labs $ABT.

With earnings out of the way and a direction loudly declared, we've got a screaming opportunity setting up and we're ready to strike.

This is the recording from the live July Conference Call for Members of the New Allstarcharts India! Before getting into individual stock ideas in India, we're going to first start with the global macro perspective. Once we identify the direction of the underlying trends from a structural and broader view, then we'll dive into the NIFTY and SENSEX Indexes on both longer-term and short-term timeframe. We want to look at Large-caps, Small-caps and everything in between before getting into the Sector and Industries themselves like Energy, Banks and Pharma.

This is when we finally break things down to the individual stock scenario with identified risk vs reward opportunities. That is what this is all about - aligning ourselves in the direction of the underlying trend while at the same time identifying where the risk is to make sure the potential reward is skewed exponentially in our favor. You will find that throughout this process we discuss Momentum, Fibonacci and Relative Strength. I encourage you to check out the Education Section so you know exactly where I'm...

One of the most underrated tools we have as U.S. Stock Market participants is the Dow Jones Industrial Average. I often hear how because it's price weighted, or because it only has 30 stocks, it cannot be relied upon as a gauge of market health. In the past, I've written about how I use it and why these criticisms are irresponsible. I encourage you to read through our Free Educational section to see how we use the Dow Jones Industrial Average and other various tools that we have at our disposal.

One of the things I try and point out is that the S&P500 and Dow Jones Industrial Average move together. Look at a chart of both of them going back 10 years or 100 years and tell me they move in different directions. The S&P500 is market-cap weighted, meaning that the bigger the stock's market cap, the heavier the weighting in the index....

We're in the middle of a bunch of really exciting things here at All Star Charts. We're growing as a team and as a community of investors. This summer we brought on our new Chief Options Strategist Sean McLaughlin and added new Technical Analyst Tom Bruni. With this growth comes a lot more data that and analytics that we get to dive into every day. Some of the stuff we're building is so cool and beyond anything I thought was possible 10 years ago. We're living in some pretty amazing times and I'm really enjoying using and exploring the new technology.

Earlier this year I was approached by Investor's Business Daily, who is headquartered in Los Angeles, CA. When I was 21-22 years old and first getting into markets, this was the newspaper I was reading every day on the bus from Hoboken, NJ into New York City and...

From the desk of Tom Bruni @BruniCharting

Cryptocurrencies have enjoyed a nice few days after a long rout, meaning my timeline is now filled with Bitcoin charts and the like. To be honest I've been so busy with charts for Allstarcharts India that I hadn't checked my crypto charts in a while. Well, I'm glad I did because the chart of Ethereum is a textbook example of a core Technical Analysis concept, polarity.

I have a Google Home at my house and we ask it questions all the time. I asked: "Hey Google, do we really need to call google Alphabet?" and she responded: "Sorry, I don't understand the question."

Yeah, me neither.

In case you've been living under a rock, Google $GOOG printed a new all-time high today (Tuesday) and continues to ignore headlines like a good soldier. And with earnings on deck, scaredy-cat options market makers are bidding up prices in options ahead of July 23rd's release. This sets up a nice trade for us.

The relative weakness of the Nifty Free Float Smallcap 100 has been a theme all throughout 2018, so with today's chart of the week I want to take a look at what that potentially means for the broader market.

From the desk of Tom Bruni @BruniCharting

This past Wednesday, the founder of Sierra Alpha Research, David Keller, CMT presented to the New York Chapter meeting of the CMT Association on the topic of timeframes. He spoke about how he defines and uses three frequently referenced timeframes: short, medium, and long-term, as well as the common pitfalls he's seen people fall into over the course of his nearly 20 years as a Technical Analysis practitioner.

You see what I did there? The title of this post is a play on the stock we're about to put an options play on -- Workday $WDAY. You're welcome. I'll be here all week. Tip your bartender.

It's summer time. Sometimes during dull market action we have to keep ourselves entertained right?

Well, nothing entertains me more than profitable options trades. And with earnings on the not-to-distant horizon in $WDAY, I see a scenario setting up that can get us paid for our work.

From the desk of Tom Bruni @BruniCharting

Market Breadth has been a hot topic as of late, which is why we've talked about it here, here, here, and here over the last month. Last week we discussed market breadth from a global perspective by measuring the trends and momentum readings of stock markets from all around the world, as well as the US sectors and sub-sectors. Today we're going to expand on that by looking at the internals specific to the US stock market. I will warn you in advance that this is a bit of a long post, but I don't want to give the bears a chance to say that we're relying too heavily on one or two charts to support our conclusion.