Yesterday during our Members-Only Conference Call we discussed a lot of themes and trade ideas, but I wanted to highlight two charts that remain an issue for our bullish Equities thesis.
This is our monthly conference call for All Star Charts India Premium Members where we discuss ongoing themes throughout the India Share Market. We take a look at all of the NSE Indexes and Sectors as well as some of our own custom indexes. At Allstarcharts we have become known around the world for the top/down approach to stocks. After we analyze each of the indexes and sectors and have identified where the strength and weakness lies, then we break it down to individual stock opportunities. By having momentum, relative strength and market trend in our favor, the probabilities of success increase dramatically. The video of the call will be archived in the members section to re-watch any time and the PDF of the charts will be made available as well.
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! This month's Conference Call will be held on Monday March 18th at 7PM IST. Here are the Registration Details:
Tuesday's Mystery Chart received some interesting responses, with some of you stating that the bottom is in, while others said it's still too early to tell.
So let's get into what that chart is and why it's relevant.
For those new to the exercise, we take a chart of interest and eliminate the x and y-axes and and all labels eliminated to minimize bias. The chart can be any security in any asset class on any timeframe on an absolute or relative basis. It can even be inverted or a custom index.
The point here is to not guess what it is, but instead to think about what you would do right now.Buy,Sell, or Do Nothing?
Last week we wrote about signs of a long-term bottom in stocks emerging and the market has continued higher since then. Today we want to look the individual sectors to identify where we want to be selling strength, buying weakness, and avoiding altogether.
In our "Free Chart of The Week" we posed the question whether or not we've seen the end of the Mid/Small-Cap decline and presented some compelling breadth and momentum data.
This post is going to outline all of the "big picture" evidence that's currently available and explain why we think the foundation has been laid for stocks to carve out a long-term bottom.
Today we got new Monthly Candlesticks and while updating the chartbook for our Premium Members, I couldn't help but think the chart below describes the environment we're currently in quite well.
Today we got new Monthly Candlesticks. We wrote a free post on the biggest theme from this month, but this post will go through a few more charts that stood out.