The ASC team is out with a piece calling for a potential short-term bottom in the Energy space. I’m liking some of the setups I’m seeing and I’ve got an options play to get us involved. [Read more…]
[Chart Of The Week] Crude Oil’s Range Remains Intact
From the desk of Tom Bruni @BruniCharting
With Crude Oil down 25% over the last month and the rest of the Energy complex struggling in tandem, let’s take a look at where it stands and where it could potentially head. [Read more…]
Mystery Chart (02-11-2020)
From the desk of Steve Strazza @Sstrazza
New Mystery Chart!
For those new to the exercise, we take a chart of interest and remove the x/y-axes and any other labels that would help identify it. The chart can be any security in any asset class on any timeframe on an absolute or relative basis. Maybe it’s a custom index or inverted, who knows!
We do all this to put aside the biases we have associated with this specific security/the market and come to a conclusion based solely on price.
You can guess what it is if you must, but the real value comes from sharing what you would do right now. Buy, Sell, or Do Nothing?
[Premium] Monthly Conference Call Video Recording February 2020
There is a lot going on in the market right now, not just in the U.S. but globally. The intermarket relationships between Bonds, Gold and the US Dollar are having a major impact on equities.
January is a month that gives us a lot more information than most other months throughout the year. We have the data now that we can use to help us identify primary trends.
Volatility is picking up. Daily swings are getting larger. I’ve seen this story before.
We discuss all of this and a lot more.
This is the video recording of the February 2020 Conference Call.
*NOTE: This Post and Video was originally intended for Premium Members of Allstarcharts Only. But due to the circumstances, we have unlocked it for everyone to watch and download the slides. We feel this can be used for educational purposes moving forward. Thank you for understanding.
We’re Shorting MercadoLibre $MELI
This has already been a market environment the past few weeks where we’ve wanted to be selling Emerging Markets. But today we’re getting more specific into Latin America and shorting Mecradolibre $MELI.
Remember, like every other stock we discuss, 95% of the reasons why we’re choosing this stock has nothing to do with the chart of the stock itself. It’s the other 4,999 charts we look at every week that collectively point to buying or selling a particular security. In this case, we’re already sellers of Emerging Markets. The data suggests Latin America is one of the weaker links within EM, and $MELI just provides a clean risk vs reward to express this thesis.
Here is the chart showing Mecradolibre failing once again near this 677 level that has been trouble since last year. There is clearly still an overwhelming amount of supply here. The bet is that $MELI gets back down to 517, which would put it near the lower end of this multi-year range: [Read more…]
4 Important Levels To Trade Against
This week I sat down with Irusha Peiris of Investor’s Business Daily to talk markets and life lessons.
I was invited on to the Investing with IBD Podcast where we discussed the current market environment, including US and International equities. We talked about interest rates and their intermarket relationships with other asset classes like currencies and commodities. Most importantly, in my opinion, I lay out 4 very critical levels, in 4 indexes specifically, that I think will be the biggest hurdles to jump over in order for stocks to continue higher.
This was a fun conversation.
Here’s the interview in full: [Read more…]
Emerging Markets Hit 16-Year Lows Relative To US Stocks
The trend for emerging markets outperformance is down. It’s very much down.
We caught a nice rally in EM last year on absolute terms, but we’ve wanted to be selling those stocks for a few weeks now.
I’m in the process of preparing for our Live Monthly Conference Call this Monday evening. Going through all of the data, this is one chart that definitely stands out.
Emerging Markets are hitting the lowest levels relative to the S&P500 since 2003! [Read more…]
[Premium] Details For February 2020 Conference Call
These are the registration details for the monthly conference call for Premium Members of All Star Charts.
There is a lot going on in the market right now, not just in the U.S. but globally. The intermarket relationships between Bonds, Gold and the US Dollar are having a major impact on equities.
January is a month that gives us a lot more information than most other months throughout the year. We have the data now that we can use to help us identify primary trends.
Volatility is picking up. Daily swings are getting larger. I’ve seen this story before.
We’ll discuss all of this and a lot more on Monday evening.
This month’s Conference Call will be held on Monday February 10th at 7PM ET. As always, if you cannot make the call live, the video and slides will be archived and published here along with all of the other calls since 2015.
Here are the details for the call: [Read more…]
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