We retired our "Five Bull Market Barometers" in mid-July to make room for a new weekly post that's focused on the three most important charts for the week ahead.
This is that post, so let's jump into this week's edition.
The Top/Down approach to markets is at the core of what we do at All Star Charts. That means starting at the asset class level and peeling back each layer to refine our view of the smaller components that make up that asset class. With each new layer, we discover information that helps us form our weight of the evidence conclusion.
That brings us to our weekly column, The Top/Down Take, where we hope to educate readers on how we execute this process and highlight its value through the analysis of popular stocks.
As we come into the week of Dhanteras and Diwali, and the celebrations that go with that, let us talk about some of the financial decisions we may consider at this time. I heard Swarup Mohanty at Mirae Asset Management say this a few weeks ago: "Dhanteras is the time for our Annual SIP into Gold." It's true and I'd never thought of it that way.
Buying Gold has been a traditional investment for many. But financial markets have developed to the point that we look at buying Gold as a financial decision - complete with its risks, rewards, and top-down analysis.
(I'm not sure if Mr. Mohanty came up with that expression or if I should have credited someone else. I heard it from him. Please forgive any mistakes in this.)
We retired our "Five Bull Market Barometers" in mid-July to make room for a new weekly post that's focused on the three most important charts for the week ahead.
This is that post, so let's jump into this week's edition.