In this Episode of Allstarcharts Weekly, Steve and I discuss the relentless buying pressure in stocks throughout the first half of November. Even when the Dow Jones Industrial Average did not register a positive day, the market didn’t really go down either. In fact, we’ve just seen the two smallest down days in the history of the Dow Averages that date back to the 1880s. This is what we’re talking about here. Some might think we’re overbought, but I would argue that the overbought readings are just normal characteristics of uptrends. They should be overbought. I still think the Dow sees 30,000.
[Read more…]
Is Dow 30,000 Next? A Chat with David Keller in Las Vegas
I was in Las Vegas this past week for a bunch of meetings and conferences. There was a lot going on in that city. There were traders and analysts at every hotel on the strip. It was really cool to see old friends and, of course, meet new ones. I personally found myself in a half dozen hotels arguing about markets and seeing a bunch of live music. Check out this video I shot at the Santana show at Mandalay Bay.
On Thursday afternoon I was hanging out at Bally’s with David Keller talking about Stocks, Bonds, Gold, Copper, Sector Rotation, Market Breadth, Sentiment and the current market conditions. This one was short and sweet but we covered a lot: [Read more…]
Video: New Weekly & Monthly Highs Everywhere
In this Episode of Allstarcharts Weekly, Steve and I talk about all of the new highs we’re seeing on both Weekly and Monthly charts. We’ve been pointing to the improvements in market breadth in recent months and how we’ve been getting an expansion in positive participation, not a contraction. This week we started to finally see this work its way into the weekly and monthly charts, but that doesn’t change anything we didn’t already know. We continue with the breadth discussion by pointing out that the world doesn’t start and end with the 52-week highs list. We’re seeing breadth improvements in the 21-day high and 13-week high lists and I’m in the camp that we’ll ultimately see that reflected on the 52-week high list as well. It’s a process, remember:
[Read more…]
Video: My Presentation At Trade Ideas Summit 2019
From the desk of Tom Bruni @BruniCharting
On October 26th I had the privilege of speaking at the Trade Ideas 2019 Summit in San Diego. It was a great opportunity to share our views, but more importantly, meet a ton of new people from all walks of life and hear their different perspectives. I had an absolute blast.
Last year JC presented at the same conference, outlining our very bearish thesis for Equities. This year my tone was the exact opposite!
I only had thirty minutes, but I ran through nearly 100 slides of Equities, Commodities, and Interest Rates, outlining our bull case for Equities.
The full video is available below and you can email info@allstarcharts.com if you’d like the full slide deck. Hope you enjoy!
Video: The Global Breadth Expansion Continues
In this Episode of Allstarcharts Weekly, Steve and I are focused on expansion of global breadth. We’re seeing more and more countries around the world breaking out to new 52-week highs. This week the Global 100 Index is making new highs and now Taiwan has also joined the group with Brazil and Switzerland who were already doing so. With Sweden and Japan right there near highs as well, the breadth expansion continues, not the deterioration that the bears are preaching. It’s hard to be bearish equities if the Dow Jones Industrial Average is above 27,000 and the German DAX is above its 2015 highs. Those are the key levels we’re watching. But breadth is expanding, not deteriorating. That’s for sure.
[Read more…]
All Star Charts Research Explained – We Use Technical Analysis To Help Investors Around The World
Technical Analysis is the study of the behavior of the market, and therefore its participants. Investors from all over the world come to us for help identifying trends in stocks, bonds, commodities and currency markets. Both Individual investors and Professionals use All Star Charts for trade ideas, global macro analysis, sector rotation work, momentum, relative strength and important price levels for risk management.
When we have to be buying stocks, I’ll be there talking about it. When we want to be more conservative and raise cash, I’ll be there even louder! I’m fortunate that I’m friends with a lot of the best Technical Analysts in the world. Getting to chat with them regularly makes me a better investor, it keeps me open minded, and most importantly, it keeps me humble.
My friends are really really smart. I don’t pretend to be as smart as some of them. My expertise is in bringing it all together and trying to solve the puzzle as best as I can. I’m lucky that I get to do what I love every day. [Read more…]
Video: Is This A Massive Top For The US Stock Market?
In this Episode of Allstarcharts Weekly, Steve and I talk about the underperformance of the S&P500 relative to both Gold and US Treasury Bonds. The big question I think worth asking is whether these are massive distribution patterns in US Stocks on a relative basis, or if these are just consolidations within an ongoing uptrend that has been in place for years already? If you’re in the bear camp / recession coming crowd, then you would expect these tops to complete themselves to the downside. If you think stocks go on to make new all-time highs (I do), then these are not massive distribution patterns but just healthy consolidation instead.
[Read more…]
Video: Taking A Step Back – Monthly Charts Making New Highs
How are you liking the day to day swings in the market? Is it too much for you? Go through this checklist and make sure these questions are answered before moving forward.
Today, I thought it would add value to take a step back and see what’s happening in the market bigger picture. They love distracting you with noisy headlines, but the way we approach it is: Whenever In Doubt, Zoom Out!
Here’s how we see things in Stocks bigger picture:
[Read more…]
- « Previous Page
- 1
- …
- 31
- 32
- 33
- 34
- 35
- …
- 39
- Next Page »