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.
From the desk of Steve Strazza @sstrazza and Louis Sykes @haumicharts
Leadership in this environment is stretching far and wide.
We're seeing a growing number of industry groups and areas not only making new highs but also outperforming and offering us more and more avenues to express our bullish thesis on stocks and risk assets in general.
The point is, with such an overwhelming amount of leadership these days, we can be picky and place our bets on only the best of the best in each group.
In today's post, we'll explore a hot new growth industry we haven't covered in much detail yet - Autonomous Vehicles.
We'll discuss the broad-based strength we're seeing from this group of stocks, and outline setups in some names we're...
1) You can complain that you don't like the rules, you don't like the people who make and enforce those rules, you don't like the people who take advantage of those rules and you can take your ball and go home. You can do that. You have that right in this country.
or
2) You can acknowledge the fact that you don't like certain rules, you may not like some of the people who make and enforce the rules, and you especially don't like some people who take advantage of those rules. But if you can't beat them, join them!
We choose #2. Because this is nothing new. We figured this out decades ago.
When semiconductor stocks are making all-time highs, I always pay attention. And when they also appear on the All Star Charts Young Aristocrats scan? Well, pass the gravy. Daddy's ready to eat!
These are the registration details for our live monthly conference call for Premium Members of All Star Charts.
This month’s Conference Call will be held on Tuesday February 16th at 6PM ET. As always, if you cannot make the call live, the video and slides will be archived and published here along with every other live call since 2015.