That was fun wasn't it? S&Ps lost a cool 13% since the last week of 2015. You think that's a lot? Emerging Markets lost 16% during that period. The Russell 2000 Small-cap Index lost over 17%. Micro-caps lost over 18%. 13 is nothing. And get used to it, because I think there is a lot more selling coming.

Today, we're going to focus on what the S&P500 looks like because that is what all of you keep asking me about. I like to look at stock markets from a more global perspective, taking into account what other asset classes are doing like commodities, currencies and interest rates. Remember, I'm in the weight-of-the-evidence business. I believe that in order to navigate through what is a constantly evolving global marketplace, taking the weight-of-the-evidence is the best approach. But today, we'll take a deep dive look at S&Ps on their own.

While everyone is making a big fuss about S&Ps making new lows, or Oil hitting new lows, or the amount of stocks in the NYSE hitting new lows, believe it or not, there are plenty of things making new highs. So although we've been bearish towards the U.S. Stock Market for months and could not be happier to see stocks continuing to sell off, today I want to focus on something that is making new highs.

This is a 20-year chart of Gold relative to the CRB index. This index is comprised of 19 Commodities including Crude Oil, Copper, Corn, Sugar, Gold etc. We consider the CRB to be the benchmark for the commodities markets

The Head and Shoulders experts are popping up everywhere these days. Never has there been a price pattern searched for or imagined in people's minds more than the infamous Head & Shoulders Pattern. Funny, as much as they love to talk about it and as much airtime as it gets on the TV and Internets, it's actually one of the more rare patterns driven by supply and demand. The reason it is so rare is because, by definition, it is a reversal pattern. Since markets trend, and ongoing trends tend to continue trending in their direction, by looking for a Head and Shoulders Pattern, you are doing the exact opposite of what we're trying to do here in the first place: recognize trends.

As a simple definition, a Head and Shoulders pattern, in this case, a Head and Shoulders Top, is made up of two higher highs (the "Left Shoulder" and the "Head"), followed by a lower high ("Right Shoulder"). After each of the prior higher highs, the ensuing sell-offs should find support near

It doesn't matter what this chart is. Tell me this isn't a structural breakout to kick off the New Year?

We held a free webinar this week to show off our new ChartBook and discuss how to best invest for 2016 using intermarket analysis. At All Star Charts, we use a global top/down approach in order to take the weight-of-the-evidence in Stocks, Commodities, Currencies and Interest Rates to come up with a theme. Once we have a major global theme, we will break it down to specific U.S. Sectors or Country ETFs and either buy or short individual ETFs or stocks to express our theme using strict risk management procedures

Here's a very simple shorting opportunity in a name that we all know well. This is a bear market, I've been very clear about that for months. The majority of stocks have already fallen more than 10-15% from their recent highs, and in some cases a lot more. But there are a few names that have held in there despite the major U.S. Stock Market indexes falling completely apart.

Today I want to focus on Dr Pepper Snapple $DPS, a stock that is putting in bearish momentum divergences on both weekly and daily timeframes. To me, this is a great recipe for a nice correction. If the risk vs reward is in favor of the bears

Today I want to point to a chart that a really smart friend of mine has been sending me for months. He prefers to remain nameless, you know how these sell side guys roll, so we'll just call him Mr. T. In this Chart, Mr. T has been telling me since the Fall that the Regional Banks vs REITs ratio is suggesting that U.S. Interest Rates are heading lower, specifically the U.S. 10-year yield.

On the top frame, we're looking at the Regional Bank Index ETF $KRE over the REITs Index ETF $IYR. In this case, the numerator, Regional Banks, do relatively well when the market thinks rates will rise, while the denominator, REITs, do relatively well when the market thinks that rates

From the desk of Tom Bruni @brunicharting

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Telecom Threatening A Structural Breakdown

When I read about the Telecom sector or speak with colleagues about it, I find many people often think of it as a collection of companies with strong balance sheets, great cash flows, and shareholder friendly actions like juicy dividends and share buybacks. While that may be true in many cases, that doesn't necessarily mean that the sector can be utilized as a bond proxy to boost a portfolio's yield. As we saw in recent years with sectors exposed to high-yield, and MLPs, there's no such thing as a free lunch. In addition to that, simple math shows that Telecom hasn't been correlated with bonds (TLT) at all over the past ten years, with the correlation being 0.29, 0.19, and 0.08 over the past one year, three years, and ten years, respectively.

If you had adopted the above philosophy, stuck this sector in your portfolio and hoped for the best, you've seen that