This is JC's Playbook to Profit In Q2:

One of the most important tools we have as technicians is the ability to measure momentum. Remember, buy side fund managers are obsessed with looking for stocks and assets showing momentum. They hate sitting in things that aren't doing anything. Whether you're a buy side fund manager or not, it's important to think this way. Opportunity cost (where else you can invest that money) is important too. Looking for stocks with bullish momentum characteristics is something we want to do when markets are in an uptrend. When momentum starts to fade, it's a heads up that price is likely to follow.

Today I want to focus particular attention on the breadth of momentum. We want to approach this as a market of stocks, not a stock market. There are many components that drive these indexes, sometime more than others depending on the index. We can focus on particular areas like energy or financials, or different market caps large or small. I also want to know how momentum in the entire market is doing: Are we seeing positive momentum characteristics or negative ones?

For me it's not just about buying a group of stocks, but about buying the strongest members of that group. I am a firm believer that by erring on the long side of relative strength or erring on the short side of relative weakness, the odds of a continuation in trend is much greater than the odds of a reversal. Therefore, there is a higher probability of success by following trend, rather than trying to fight trends. So today I want to talk about how we're going to take this top/down approach and apply it to find profitable trades this month in Energy stocks. 

These are the recorded video presentations from Chart Summit, the first ever Virtual Technical Analysis Conference. Premium Members of Allstarcharts get private access to these videos to view at your own pace. I hope you get as much value out of these as I did.

When you talk about sectors that have been out of favor for a long time, it is hard not to think about the Shippers. Although as a group they bottomed out in February last year along with the S&P500 and a lot of other major indexes and sectors, they haven't really done much ever since. It's been more of a sideways, frustrating grind for anyone involved, both longs and shorts.

This week I dug a little deeper into this space and I wanted to share some of my findings. Also note that some of these stocks are not exactly mega-caps. They're poor little shippers. So before doing anything, make sure you check for enough liquidity to fit your parameters. Some are also much smaller market-caps than we're used to talking about here, so just a heads up.

As I mentioned recently, I've been working with some new technology and it's allowing me to easily share analysis in a much more detailed way from a sub-sector perspective. In the first top/down review last week we looked at the Media stocks. Today I want to take a deep dive into the precious metals market and really drill down how we want to approach this market. There is more sensitivity when it comes to participants in this market so knowing that is advantageous. We want to 1) recognize this added sensitivity and 2) try to take advantage of that for profit.