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1H 2023 In the Books. Now What?

July 2, 2023

As investors, the first step in deciding whether to buy something or not is to identify the direction in which price is heading.

So many investors out there choose to skip this step.

I never understood that.

We know for a fact that asset prices trend. We know. We all have the data. It's just a fact.

So if we know that, then why wouldn't we begin our process by identifying which direction price is heading?

"Should we buy this stock?"

Well, is it going up in price? Down? Or sideways?

Trend recognition is also really helpful in identifying the type of market environment we're in.

"Are the majority of stocks going up? Down? Or sideways?"

At the end of every month we get a fresh batch of monthly data that goes a long way in helping us identify these trends.

On Friday we just got the highest monthly close for both the Nasdaq100 and S&P500 in over a year.

This is now the 3rd consecutive month that they do that:

All Star Charts Premium

[Premium] Details For July 2023 Monthly Strategy Session

July 2, 2023

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 Wednesday July 5th @ 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 Wednesday evening:

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The Hall of Famers (06-30-2023)

June 30, 2023

From the Desk of Steve Strazza @Sstrazza and Alfonso Depablos @AlfCharts

Our Hall of Famers list is composed of the 150 largest US-based stocks.

These stocks range from the mega-cap growth behemoths like Apple and Microsoft – with market caps in excess of $2T – to some of the new-age large-cap disruptors such as Moderna, Square, and Snap.

It has all the big names and more.

It doesn’t include ADRs or any stock not domiciled in the US. But don’t worry; we developed a separate universe for that. Click here to check it out.

The Hall of Famers is simple.

We take our list of 150 names and then apply our technical filters so the strongest stocks with the most momentum rise to the top.

Let’s dive right in and check out what these big boys are up to.

Here’s this week’s list:

All Star Charts Premium

It’s a Little Corn-y

June 30, 2023

From the Desk of Ian Culley @IanCulley

The most important crop report of the year has hit.

Yes, it’s generated quite the buzz over the past few weeks, as grain markets ripped higher in anticipation.

Some observers even speculated that Friday’s report was the most important in the history of the agrarian economy.

So let’s round down, be conservative, and call it the most important crop report in 5,000 years.

Seriously, though, it was a big deal, as acreage estimates for soybeans represent the largest miss since the report's inception – or, like, ever, in history. 

More importantly for traders and investors, the report brought increased volatility.

If you’re like me and prefer to sit out these kinds of days, you’re patiently waiting for the dust to settle. 

Meanwhile, if you’re at all put off by the volatility of these futures contracts, I have a vehicle that promises a much smoother ride…

Let’s talk about Archer Daniels Midland $ADM, “supermarket to the world.”

The $41B commodity behemoth has more than 100 years of experience in the grain markets.

All Star Options

[Options Premium] Falling Through the Marine Layer

June 30, 2023

If it can't rally in this market, what happens if the market pauses or pulls back?

I was looking for a good short exposure candidate to balance out my portfolio a little bit and I came across this bearish idea the team published this week that makes a lot of sense for a quick hit if we get it right.