I get asked all the time about my process. A big question is usually around how did I find that chart in such a "random" country or asset, like an ETF on South Korea or a futures chart like Soybeans. To some people these might be assets that are not on their radar, but they are just as easy to trade as Apple shares or Crude Oil, that obviously get much more attention. My answer is simply that I look at all of them and just bring out some of my favorites. This is habit that I got into many years ago, so for me it's second nature.
Next week I'll be flying into Chicago for a couple of days. I've been asked to speak at the University of Chicago School of Financial Mathematics as well as the Chicago Board of Trade (CBOT). The appetite for learning about Technical Analysis that I am finding all over the world is incredible. When I was invited to present at both of these prestigious institutions, Univ of Chicago & CBOT, I jumped at the opportunity. I love Chicago and have friends and some business to take care of there anyway so it works out great. My only catch was that the Cubs had to be in town. They made it happen and I'll be there next week!
Every month I host a conference call for All Star Charts Premium Members where we discuss ongoing themes throughout the global marketplace as well as changes in trends where new positions would be most appropriate. This includes U.S. Stocks & Sectors, International Stock Indexes, Commodities, Currencies and Interest Rate Markets.
We've been implementing a much more neutral approach towards equities and even most commodities over the past month. This strategy has worked well as many stocks, sectors and countries continue to be a mess. There are times to step on the gas and really push it, like last summer for example. But other times, it's best to sit tight and wait for things to set up in the direction of a trend. A sideways mess is no fun for anyone. That's what we're in right now.
I'll do my best to lay out my weight of the evidence conclusions and walk you step by step with how I got there! It will be held on Tuesday April 18th at 7PM ET. Here are the Registration Details:
The bond market has been fascinating lately for sure. Sentiment has been in one direction while price has gone in the complete opposite. Everyone seems to expect rates to rise and therefore bonds to fall. Position data certainly suggests that - the Commercial Hedgers have had a historic net long position. In other words, while the crowd assumes rates are going higher, the smart money is betting on the complete opposite happening. The ultimate arbiter, of course, is price. So today we want to take a look at what the intermarket components of the bond market are suggesting about the future of interest rates.
I'm sure by now you've had the time to digest the never ending headlines about an 8-year anniversary of a bull market for the S&P500. The problem with all of them is that the S&P500 has NOT been in a bull market for 8 years. In fact, there is a very strong argument to make that it could have just hit its one-year anniversary. Also, let's remember the motivations of the people who are suggesting that the S&P500 is entering the 9th year of a single bull market. In a majority of cases they are purposely misleading you for personal gain.
Emerging markets have been a real laggard. While developed markets around the world have been making new highs, it’s just now that emerging markets are catching up. This week the MSCI Emerging Markets Index Fund $EEM broke out to the highest level since the summer of 2015. This comes after 7 months of sideways consolidation:
Every month I host a conference call for All Star Charts Premium Members where we discuss ongoing themes throughout the global marketplace as well as changes in trends where new positions would be most appropriate. This includes U.S. Stocks & Sectors, International Stock Indexes, Commodities, Currencies and Interest Rate Markets.
This week I laid out a list of bullish characteristics for stocks and my list of bearish characteristics in the current market environment. The reason for this exercise is to weigh the evidence and see which way the scale tilts. In this month's call, we'll dive deeper into the leading sectors and really identify the signs we'll be watching for to signal further deterioration in stocks, not just in the U.S. but globally.
We have a lot to discuss! It will be held on Tuesday March 21st at 7PM ET. Here are the Registration Details:
Remember, it's not about being right, it's about making money. Is it nice to be right? Of course. But it's even nicer to be profitable. In order to do so, we focus more attention on figuring out where we're wrong rather than allocating time and resources to fascinating about potential profits. If you want to be on my team, we're going to play defense. So when we set specific parameters to be long against, we stay disciplined and move on to other opportunities when need be. If you use stop losses, it's about executing them and then looking elsewhere. If your options expire worthless, just know you limited your loss to the premium you paid. The priority is always on the risk management, not on dreaming about future profits. I encourage everyone to read this post from last year: Knowing Where To Get Out Before Getting In
