We retired our “Five Bull Market Barometers” in 2020 to make room for a new weekly post that’s focused on the three most important charts for the week ahead.
This is that post, so let’s jump into this week’s edition.
Expert technical analysis of financial markets by JC Parets
We retired our “Five Bull Market Barometers” in 2020 to make room for a new weekly post that’s focused on the three most important charts for the week ahead.
This is that post, so let’s jump into this week’s edition.
by JC
This is the video recording of the August 2022 Mid-month Conference Call.
We discussed:
by Ian Culley
From the Desk of Ian Culley @IanCulley
It doesn’t matter where you look: Commodities are digging in, finding support, and reclaiming key levels.
Grains, softs, base metals, and energy have all stopped going down. Even gold is bouncing off critical levels of former support.
But it’s not just the fact the commodity correction is hitting the pause button that’s important.
It’s where it’s happening.
Let’s take a look at a few charts. [Read more…]
by Ian Culley
From the Desk of Ian Culley @IanCulley
Energy futures are beginning to crack under pressure.
Crude oil and gasoline are breaking down to their lowest levels since February. And heating oil isn’t far behind, as it’s challenging the lower bounds of a similar distribution pattern.
It appears that the bears have finally come for energy.
Since we already laid out our short idea for crude oil futures in a recent post, today, our focus is on the energy sector and the implications these breakdowns carry for energy-related stocks.
This is the recording from the August 2022 Conference Call for Members of the 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 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 coming from when you hear me mention these tools.
Here is the video in full:
by JC
This is the video recording of our August 1st Monthly Charts Live Strategy Session
by Ian Culley
From the Desk of Ian Culley @IanCulley
The past two years of sideways chop on the gold chart has been a game of perseverance and pain.
Gold is a honey badger, attacking a beehive face-first, digging for larvae, and somehow persevering through a thousand bee stings.
That can’t be fun, especially as other areas of the market have experienced explosive trends. But it works for the honey badger.
And it’s worked for gold.
Now that commodities and stocks have come under increased selling pressure, the data continues to mount in favor of declining gold prices.
Precious metals are looking weak. Gold stocks are breaking down on absolute and relative bases. And signs of risk appetite are nowhere to be seen.
But gold doesn’t care. [Read more…]
by JC
I remember 2010-2011 like it was yesterday.
Precious metals were all the rage.
Silver miners were the meme stocks of their day.
There was so much money being made in Silver.
And then all that changed.
No one has heard from those silver surfers ever again.
And now here we are watching the Silver ETF $SLV close the week at its lowest price in history relative to the S&P500: [Read more…]