One thing we know about new lows is that they are not a characteristic of uptrends.
We know this.
So here’s an update on that whole Growth vs Value thing: New Monthly closing lows all the way down the cap scale. [Read more…]
Expert technical analysis of financial markets by JC Parets
by JC
One thing we know about new lows is that they are not a characteristic of uptrends.
We know this.
So here’s an update on that whole Growth vs Value thing: New Monthly closing lows all the way down the cap scale. [Read more…]
This week we’re looking at one long setup in Cement. Commodities and Infrastructure are bouncing from crucial levels. We’d like to look at a name from this segment.
[Read more…]
by JC
What if these consolidations in Financials and Materials do NOT resolve higher?
What then? [Read more…]
From the desk of Steve Strazza @Sstrazza
Earlier in the week, we held our May Monthly Conference Call, which Premium Members can access and rewatch here.
In this post, we’ll do our best to summarize it by highlighting 5 of the most important charts and/or themes we covered, along with commentary on each.
Let’s get right into it!
by JC
Do you see something else here?
Massive tops? Check.
Lower lows? Check.
Lower Highs? Check. [Read more…]
We’re back to share with you, what we love to do and that is the Top/Down approach. At All Star Charts we’re big fans of the weight of the evidence. The market tells us where it’s going, and we listen. It’s pretty simple really.
Over the past couple of weeks, we’ve noticed the PSU banks bouncing off their support and actually displaying some strength.
So today, let’s take a look at what this particular sector is hinting at.
From the desk of Steve Strazza @Sstrazza
Welcome to the 2 to 100 Club.
Something we’ve been working on internally this year is using various bottoms-up tools and scans to complement our top-down approach. One way we’re doing this is by identifying stocks as they climb the market-cap ladder from small, to mid, to large, and ultimately to mega-cap status (over $200B).
Once they graduate from small-cap to mid-cap status (over $2B) they come on our radar. Likewise, when they surpass the roughly $30B mark, they roll off our list.
But the scan doesn’t just end there. We only want to look at the strongest growth industries in the market as that is typically where these potential 50-baggers come from.
Some of the best performers in recent decades – stocks like Priceline, Amazon, Netflix, and Salesforce, to a myriad of others… all would have been on this list at some point during their journey to becoming the market behemoths they are today.
When you look at the stocks in our table you will notice we are only focused on technology and growth industry groups such as Software, Semiconductors, Online Retail, Solar, etc
Then like any good technician, we filter the list down to those that are closest to new 52-week highs. This allows the cream of these strongest groups to rise to the top and helps streamline our mission to identify technical breakouts in the top-performing stocks.
We debuted a new scan recently- The Outperformers.
The Outperformers is our newest scan that pinpoints the very best stocks in the market. It’s the fastest, easiest way to find quality names that are primed for major moves.