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:
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.
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.
This week's Chart of The Week outlined a compelling case for the Pharmaceutical sector to bottom at current levels, so this post is going to outline the stocks we want to be buying to capitalize on this potential inflection point.
Stabilization in European Financials has been a big part of our bull case as they're one of the largest sectors of the Stoxx Europe 600, our broad measure of European stocks, and many individual European countries.
The other aspect of it is risk appetite. If the worst of the worst sectors is catching a bid, then market participants are not likely pricing in the end of the world.
With that in mind, let's take a look at what we're seeing in the space right now and what it means for risk appetite.
Here are European Financials (EUFN) on an absolute basis. After confirming a failed breakdown and bullish momentum divergence by closing back above their December lows, prices rallied nearly 20%, but are now experiencing waning upside momentum.
In today's Chart of The Week we look at the ratio of Chinese Internet stocks relative to US stocks and why it's potentially pointing to outperformance in the months and quarters ahead.
This premium post will outline the stocks we like to take advantage of that thesis. If you've not read that post, I'd recommend you do so you have the proper context around these ideas.
In late August we took a simplified look at the Bond market and discussed the potential for mean reversion lower (Rates higher), but that the market remained choppy and we should adhere to strict risk management to avoid getting run over on the short side.
Choppiness continued, but Bonds have sold off a bit.
So what now? Let's take a comprehensive look at Bonds and how we're approaching them into year-end.
Saturday I spoke at the Trade Ideas Summit in San Diego, outlining our bullish case for US Equities. It was a lot of fun and you can register here to receive the presentation replay when it becomes available.
In honor of the new all-time closing highs in the Russell 3000, S&P 500, and Nasdaq 100, I want to outline several stocks we want to be buying to take advantage of our bullish Equities thesis.
For those who didn't check the market today, here's the Russell 3000 making a new all-time closing high, just shy of its former intra-day high of 178. New highs are not a characteristic of a downtrend, so as long as prices are pressing above 178 our upside target is 196 in the coming months.