This is the video recording of the June 2020 Conference Call.
There are no called strikes on Wall Street. In other words, we’re not penalized for not swinging, like you are in baseball. We have the ability to be patient, to a certain extent at least, depending on your mandate. But most of us don’t have mandates! Even one of the best hitters of all time struggled when he swung at bad pitches. In this video we compare Ted Williams’ batting average when he swung at good pitches, vs when he swung at bad ones.
This is my favorite reminder that in trading & investing, we want to wait for OUR perfect pitch, and then swing, vs just swinging at anything.
This is a market of stocks, and not just a “stock market”.
All of these Indexes, from the Dow Jones Industrial Average to the Russell2000 Small-caps, are made up of components. There are 30 stocks in the Dow and 2000 stocks in the Russell2K, for example.
Are more of them going up? Are more of them making new highs? Are more of them showing bullish momentum characteristics? Are fewer and fewer components doing these things as the indexes make new highs? What about in downtrends? Are more stocks confirming the new lows in the indexes or are fewer and fewer stocks making new lows and showing bearish momentum characteristics as the market makes new lows?
The answers to these types of questions is what we call, “Market Breadth Analysis”. There are a lot of ways to do this on all sorts of different time horizons. In this lesson we go over all the methods we use to decipher market breadth, which can be used by both individual traders and the largest financial institutions in the world.
We’re all stuck at home these days and Zoom is how we get to hang out with friends and family.
This week I was chatting with my pal Jeremy over in Laguna Beach about Gold, Silver and Gold Mining Stocks.
I think there are some good opportunities in the space and I think there are areas in which to be patient.
Here’s a short video of our discussion: [Read more…]
Wow what a weekend! Thank you all so much for your support.
We had 10,000 people register for Chart Summit, our Live Virtual Technical Analysis Conference. There were over 30 presentations and we raised over $50,000, just on the first day, to help fight COVID-19. You can still donate here.
We made it really easy to access the videos and organized them so you can go back and watch whenever you want. Just go to Chartsummit.com and click Watch The Videos and you’re on your way! [Read more…]
There has been a lot of risk in the stock market over the past 2 months and that still has not changed. Things are getting worse, not better. I tried to emphasize in this week’s Live Call that we have NOT seen any evidence to suggest that the worst of the selling is behind us.
We’ve been inundated with emails from Financial Advisors and traders all over the world. From New York to London, South Africa, Malaysia, Laguna Beach they keep coming in. We work really hard and it is so nice to see how much we’ve been able to help people, both pros and every day hard working individuals. Thank you from all of us at Allstarcharts! We don’t take these notes for granted even for a second.
We know times are tough for some people right now. I have friends and family that lost their jobs today. I’m seeing it outside of markets.
To lighten things up a bit, I asked Twitter if I should do the live TV hit from my house in a suit or my hoodie? The feedback was overwhelmingly to keep it real!
i’m doing live tv from my house later. should I put on a full suit and pretend we’re all not at home? or should I just rock my Adidas hoodie and keep it real?
— J.C. Parets (@allstarcharts) March 20, 2020
Here is my conversation with the legend Francis Horodelski! We talked about some really important concepts that I think will help investors navigate the market moving forward. Markets move in trends. We pride ourselves in understanding the internals that precede changes in these trends. That’s what we talked about this afternoon.
I hope this adds some value to your process: [Read more…]
This is the video recording of the March 2020 Conference Call.