We’ve all heard about Japanese Candlesticks, but how can they help us? While line charts and bar charts each have their roles in our process, Candlesticks really tell the best story of them all. I’ve seen many different ways in which these tools are used, so in this short video I explain how we incorporate candlesticks in our every day analysis. [Read more…]
At Allstarcharts we incorporate what we call a, “Top/Down Approach”. To us, this means we start with the broader picture and analyze all of the Indexes around the world. Only then do we dive into our own country or the country in question. This is where we try and identify the trends in the S&P500, Dow Jones Industrial Average and many others. Next we break it down to the sector and industry level like Healthcare, Banks or Technology. Finally when the relative strength and momentum line up in a particular group of stocks, that’s when we try and find the best risk vs reward opportunities available to express a given theme.
Here is the video in full: [Read more…]
For me, price is the most important technical indicator. Everything after that is just a supplement to actual price behavior. In that group of supplements is Momentum. My oscillator of choice is the RSI, or the “Relative Strength Index”. I use this indicator in a variety of ways, but today I wanted to show you an easy trick to quickly identify whether momentum is in a bullish range or a bearish range: [Read more…]
I’m having a great time here in Mumbai at the 7th annual Traders Carnival. I had the opportunity to sit down with Navneet SalujaDsouza from Bloomberg Quint to discuss my process and approach to markets.
Here is the video in full:
Chart Summit 2018 is in the books. What another great day of thought out presentations filled with both educational and timely actionable material. We try to make it a point here not to live life in theory, but in reality. I go to too many conferences where all the discussions are purely academic and theoretical. Listen, I understand that this sort of material is ‘evergreen’ and can be watched for a long time afterwards. Sure, and I like some of that too, don’t get me wrong. But we’re here in the market to make money. So we want to see you put your tools to work in the current market environment. What are we buying and what are we selling? Let’s make sure to talk about what’s most important!
This year I invited a group of presenters that I thought each brought a different perspective on the markets. Last year I tried to do something similar, but the 2018 Chart Summit was unique in many ways. Once again, we were broadcasting live from the internet on a Saturday so our audience was all over the world in the comfort of their own houses, flats and dorm rooms. The diversity of attendees was one for the record books, in terms of age, sex, location and occupation.
I could not be more proud of our amazing presenters. This crew hit it out of the park!
Here is the latest Technical Analysis Radio podcast episode where I invited young technician, up-and-comer Tom Bruni, otherwise known as @BruniCharting to come and talk about Chart Summit 2018. We point out our favorite charts, best presentations, biggest surprises and other superlatives from this year’s event.
Also, you can fill out the form below to receive an email with a link to all the videos of the presentations from this year’s Chart Summit: [Read more…]
This weekend was our second annual Chart Summit. I still can’t believe all the amazing feedback that continues to come in after this event. Thank you all from the bottom of my heart, both the presenters and the audience members. I didn’t think we could make something even better than the original, but I think based on the responses, we may have actually pulled it off. Wow!
Our video production folks are hard at work putting all the videos together, but I’ve picked out the ones I did so I can share with all of you as soon as possible. The rest will be out this week.
On Monday, I shared the video of the first presentation I gave which was about my process. You can watch that here. In this next video, we take all of those tools and techniques I explained in Video 1 and apply them to the current market environment. Here you will see me walk through the top/down approach using current global and US markets. Then we’ll break things down to the individual sector & industries before finally isolating specific risk vs reward opportunities in individual stocks.
Here is the video in full: [Read more…]
This weekend I hosted the 2nd annual Chart Summit, a virtual technical analysis conference that is free for everyone and anyone to attend. It all started a year ago when I got a bunch of really smart friends together on a Saturday to share their process with the world and their thoughts on the current market environment. It was such a success that we may have accidentally created the greatest Technical Analysis Conference of all time, and it was FREE. You can still watch the videos of those presentations on the original Chart Summit 2017 page.
Our presenters this year didn’t skip a beat. They took it right from where we left off last year and killed it in Chart Summit 2018. I know I personally learned a lot, and based on the emails and comments that seems like a pretty universal feeling among the audience. We had fun and we got different perspectives about market behavior from a variety of approaches. That’s what it was about. I was blown away by some of the presentations. It was awesome!
I didn’t know how much time I would have for some of my own charts because I figured some presenters would go over or we would have some technical difficulties at some point, both neither of those things happened. We were right on schedule the entire time. I don’t think I’ve ever seen that happen at a conference in my life. So I was able to give 2 presentations in the afternoon – one was about my process and how I use tools like momentum, fibonacci, trend recognition and risk management techniques. The second presentation at the end of the day was about the current market environment. I applied all of the tools explained in the first video to today’s market.
Here is the full video of my first presentation where I go over my entire top/down approach: [Read more…]
This week I invited everyone to a free webinar where I walked through my process to find only the most favorable risk vs reward opportunities. The point of this exercise was not just to make a list of hot stocks. Our purpose here is to do the homework, create the framework for the current market environment, and then decide how to best take advantage of the most important themes. This process and idea generation is a weekly thing for me and includes stocks, commodities, currencies and interest rate markets all over the world.
We had a great showing at the live webinar with representatives from all over the world. It’s amazing how much interest there is globally for technical analysis. It’s a beautiful thing to see. [Read more…]