Here is a list of trade ideas organized by date, ticker symbol and directional bias. Please make sure you have clicked on the link and read the details surrounding the trade before acting upon any of them. Also, make sure you have checked with your financial advisor and tax accountants to make sure you are suitable to be executing what is discussed on this website. The risk management procedures and targets are detailed for each idea. Please read and review the terms and conditions page before making any trades of your own.
These are the registration details for the monthly conference call for Premium Members of All Star Charts. In this call we will discuss the global market environment and how to profit from it. As always, this will include Stocks, Interest Rates, Commodities and Currencies. 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.
This month’s Conference Call will be held on Thursday January 2nd at 7PM ET. Here are the details for the call:
Before we get in to stocks and charts, I just want to thank you for your support all these years. It really means a lot to me. Today I noticed I had 61.8K followers on Twitter! How about that? Leonardo Fibonacci would be proud!
This was my first week back living on the east coast. My 2-year plan to be in California turned into 4.5 beautiful years in Sonoma Valley. This was after spending 15 years total in the northeast between college in Fairfield, CT and over a decade in New York City.
I keep getting asked, "But JC why would you ever go back???" (this is happening at least several times each day).
Mobile Payment stocks have been a key part of our focus on the Technology theme taking place across various sectors of the market.
Since the summer the space has cooled off a bit but is back at levels where it would make sense for the trend to reaccelerate to the upside.
Here's the Mobile Payments ETF vs S&P 500 ratio (IPAY/SPY) pulling back to trendline support. This looks like a normal pullback within a long-term uptrend, however, our concern is that momentum got oversold for the first time since mid-2016.
The strongest uptrends do not get oversold, but unfortunately, this one has so we need to watch if prices bounce from this level and resume their uptrend (preferably getting overbought once again) or if they roll over through support and make fresh lows.
Copper has been getting a lot of attention as it hits 5-month highs, but there is another Base Metal chart that's not being talked about.
Today we're looking at that chart and then taking a more comprehensive approach at what's going on in the space.
Here's Copper making 5-month highs as momentum attempts to get overbought. The record net long position held by commercial hedgers continues, suggesting they think Copper prices can still head higher despite a more than 10% rally from the July failed breakdown.
Click on chart to enlarge view.
Stronger Copper is a good thing for Emerging Markets and reflects market participants pricing in stronger economic growth conditions.
It's been about 4 months since our last Canada update and many of the trades we outlined there have run their course, so today I want to look at 3 stocks with a common catalyst to spark their next move higher.
Healthcare is the latest of the American Sectors to break out to new all-time highs. I think Financials are next, but for today's conversation, let's focus on the task at hand: Healthcare is a space we want to own.
First of all, here is that breakout. It rarely gets cleaner than this:
Click on Charts to Zoom In
Another 35% of upside in this sector would be consistent with historical moves in the past and would be perfectly normal, as far as I'm concerned.
The bigger question, really, is which industry group is going to be the main driver?
The obvious choice appears to be Medical Devices. When all these stocks and sectors were churning sideways since early 2018, the relative strength was already here. You can't deny that. Look at this beauty:
Over the weekend I was running our "Weekend Momentum Report" for Institutional Clients and the message was very similar to last week, so I thought it was worth sharing.
Tuesday's Mystery Chart had a lot of people talking and guessing (incorrectly, as usual), so thank you all for your feedback and participation.
Overall the feedback was the chart was a longer-term buy, but people had concerns about how far it's run in the near-term.
With that as our backdrop, let's get into it.
Here's the US Healthcare Providers (IHF) which is emerging from a consolidation via a sharp rally as momentum gets overbought.
Overall this looks like the start of the subsector's next major move to the upside, but we'll get more information about its sustainability from seeing how prices digest their more than 20% gains since early October. Bulls want to see that correction occur through time, rather than price, with IHF preferably staying above its July highs near 180.