From the desk of Tom Bruni @brunicharting

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Both American Express and Goldman Sachs have been serious under-performers off both the August 2015 and January 2016 lows when the broader market put in major bottoms. While there have been other laggards in the Dow like Nike, Apple, and Disney, both Goldman Sachs and American Express are currently offering short setups where the risk is well-defined and the risk/reward is elevated.

Last week I shared with you guys what I thought was an interesting breakout. Like I try and do every now and then, I deleted the labels and the y-axis so you guys wouldn't have any biases towards the charts, knowing what it was. Everyone pretty much agreed that it was a screaming buy. Today we're bringing back the legend and y-axis so you can see exactly what is it. We are also flipping it upside down, the way it was originally intended to be, so you can execute according to your specific time horizon and risk tolerance.

Every month I host a conference call for All Star Charts 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 month's Conference Call will be held on Wednesday June 15, 2016 at 7PM ET. Here are the Registration Details:

When we talk about "the stock market", some people are referring to the S&P500 or maybe the Dow Jones Industrial Average. But these are just 2 large-cap indexes in one country in the entire world. Cliché or not, this isn't a stock market, it is a "market of stocks". These come in all different sizes and countries around the world to collectively make up a "stock market".

It's interesting to compare markets around the world to each other to get an idea of where the relative strength lies and where the weakness might be. Today we're taking a look at the S&P500 in the U.S. vs the Nikkei in Japan and the EuroStoxx50 in Europe.

We all have the freedom and ability to focus on any part of the financial markets that we want. Some people get paid to gossip about the federal reserve and others get paid to make money in the market. We all have different objectives. If you're reading this, it's probably because you do not get paid to make noise, but instead, you get paid to make money in the market. This means you don't care what stock or ETF makes you money as long as it's making you money right? We don't avoid certain topics here because it's not sexy enough for our sponsors. I don't even have any sponsors.

So today we are taking a look at Belgium. Why? Because why not?

It's that time again. I have a mystery chart that I think is worth paying attention to. As always with these, I took out the y-axis and all labels to eliminate any biases. Remember, the idea is not to guess what this actually is (although most of you guys can't help yourselves). The point of this exercise is to think about what you would do?

This can be a Stock, ETF, Commodity, Currency, Index, Ratio, etc. What do you want to do here? Buy, Sell or Do Nothing?

Hi I’m J.C. and I’m a Technician.

I analyze the behavior of the market and market participants. I do this every day and have been doing this professionally for well over a decade. In 2008 I earned my Chartered Market Technician (CMT) designation and founded Allstarcharts.com in 2010. What started as just a humble blog has turned into one of the fastest growing technical analysis research platforms in the world. The platform is jam packed with actionable trade ideas and analysis, but I recognize this can be overwhelming at times. That's why I'm writing this post - to help our newer members take full advantage of all that the platform has to offer in a short period of time.

When you talk about the "stock market", there is so much more to it than the S&P500 or what the Dow did on a given day, week or month. These are just 2 popular indexes in the most popular country in the world. But in reality, that's all they really are. One of them, the S&P500 is cap-weighted, so the biggest companies in the world, $AAPL $FB $XOM etc, drive the direction of the index. The other, the Dow Jones Industrial Average, is made up of just 30 humongous American stocks. That's what these things are.

The actual stock market, or "market of stocks", includes many more stocks and indexes, not just in the U.S., but globally. Today I want to talk about what we're seeing out of the Financials in Europe and what the implications of the recent behavior might be.

This weekend I took advantage of some time off to go over every single chart that I follow from all over the world. These include U.S. Stocks, Sectors and Indexes, International Indexes, Commodities, Currencies and Interest Rate Markets. There are many people complaining about the uncertainty in the current market environment. But I would argue that there is always uncertainty in the market and today is no different.

Back in January, Energy Stocks put in their lows on both an absolute and relative basis. Whether you're looking at the big Integrated Names like Exxon and Chevron, or the Services Companies like Schlumberger or Halliburton, or even the Explorers and Producers, they all bottomed in January, a month before Crude Oil finally put in its low. Energy stocks also bottomed first on a relative basis when compared with the S&P500.

Today we are looking at the current implications of this particular leadership in the stocks relative to the commodity and the direction in which they are heading: