This week I had a fun chat with Manish Khatta over at Potomac Funds.
He asked me a fun question, that if I could only take one chart with me, what would it be?
What do you think I said?
Give it a watch and see for yourself: [Read more…]
Expert technical analysis of financial markets by JC Parets
by JC
This week I had a fun chat with Manish Khatta over at Potomac Funds.
He asked me a fun question, that if I could only take one chart with me, what would it be?
What do you think I said?
Give it a watch and see for yourself: [Read more…]
From the desk of Steve Strazza @Sstrazza
As many of you know, we run A LOT of scans here at All Star Charts. In fact, I gave a presentation about them this past weekend at Chart Summit which you can rewatch here.
In this post, we’re going to share a free trade idea from our Young Aristocrats list which is one of my absolute favorites of all the various bottoms-up scans I regularly run.
The rationale behind the list and corresponding monthly column is to catch strong stocks when they are still in the early stages of their dividend growth phase* in hopes that by doing so, we’ll be buying some of the future Dividend Aristocrats…
by Ian Culley
From the desk of Steven Strazza @Sstrazza and Ian Culley @Ianculley
Pockets of strength are once again emerging within the Commodity space.
We pointed out that both the CRB Index and the ASC EW33 Commodity Index were breaking above key resistance levels, pointing to a burgeoning upside move last week.
That upside move has now materialized!
We saw Industrial Metals — including Copper, Steel, and Aluminum — continue to follow-through as they grind higher.
But this week’s biggest moves came from the Agricultural Commodities.
Believe it or not, it’s not just Apple that makes desktop and laptop computers. I know, some of the newer generations of consumers may be shocked to learn this.
But way back in the Before Times, there was another computer maker that dominated the consumer space and invented novel ways to deliver them to consumers.
These days, they are a long way from the mass market dominance they once enjoyed, but investors in the stock are enjoying the fruits of a resurgence.
From the desk of Steve Strazza @Sstrazza and Ian Culley @IanCulley
We recently held April’s Monthly Conference Call, which our Premium Members can access and rewatch here.
In this post, we’ll summarize the call by highlighting 5 of the most important charts/topics we covered, along with commentary on each.
Let’s dive into it.
From the desk of Steve Strazza @Sstrazza and Grant Hawkridge @GrantHawkridge
The credit market is overflowing with information.
We haven’t discussed it too much lately… but that doesn’t mean we aren’t paying close attention.
It would be foolish to overlook it. After all, they call Bond traders the “smart money” for a reason… Right?
We’ve recently discussed the theme and likely implications of how so many major stock market indexes – in both the US and abroad, are hitting very logical levels of overhead supply right now.
We think it’s no coincidence that all of this is occurring at the same time. And you’ll never guess what else…
We’re also seeing this very same behavior from some of the most important Bond Market ratios we track, as many are currently running into crucial inflection points.
by JC
I get asked a lot about why I don’t think this is the beginning of a more severe correction.
We’ve been in the camp that the stock market is a hot mess, particularly in the U.S.
The indexes don’t tell the whole story. OK, maybe the Nasdaq does a little…
And we went over all of that on last night’s Live Video Conference Call.
But one chart that stands out to me that continues to suggest that this is more of a mess, rather than the beginning of a new crash, similar to last year or even Q4 2018.
It’s the list of new lows.
And NOT 52-week lows, because there won’t be anything happening there for a while. I’m talking about even much shorter-term lows.
This chart shows the percentage of stock making new 21 day lows. For those wondering, 21 days is about a month’s worth of trading: [Read more…]
Readers of All Star Charts research are no doubt familiar with the team’s focus on relative strength. They are often comparing sectors against each other to uncover where hidden strength (or weakness) is hiding out. It’s one thing to see how a stock or a sector is performing on absolute — dollar and cents — terms. But seeing how investors favor one sector versus another offers important insight into how the marketplace is perceiving risk and opportunity.
This analysis often forms the bedrock of our best discoveries.
[Read more…]