When the biggest sector in the S&P500 representing 25% of the entire index makes an all-time daily, weekly and monthly closing high, it's probably worth paying attention. I also hear the lazy people talk about how Technology is being led by just a...
Remember that Bearish Island Reversal in the Nasdaq in March? I wrote a whole note about it pointing out that it was now going to be a problem. The fact that the...
It's very easy to get caught up in the day to day noise of the market, especially if you're allowing toxic media content into your life. It's virtually impossible for us to completely ignore it all, although I do try my best. So, at the very least, we...
The US Dollar Index is up roughly 7.5% since it's February lows, a move that has hit many of the global stock market ETFs we follow due to their local currency exposure. The Frontier Markets...
If you've been reading our content over these last few weeks, you've likely noticed we've been performing a lot of deep dives on the sectors we want to be involved in on the long side like...
It's been a rainy week here in New York, however, the Solar sector ETF $TAN was a bright spot as it broke out of a 2.5-year base. As a result, we've done a deep dive into the sector to...
Everybody loves a deal. And that couldn't be more obvious after looking at a monthly chart of Costco $COST going back to the financial crisis that bottomed out in 2009. Shoppers clearly have been filling Costco...
I know you're probably tired of hearing this intro over and over again, but to start this post I want to reaffirm that at Allstarcharts we remain in the camp that stocks in the U.S. and globally are headed...
Last summer I wrote a pretty controversial post about the fact that everyone just assumed retailers were all going bankrupt and buying their stocks was foolish. My argument at the time was the exact opposite: I felt that to not be buying...
Stocks in the United States aren't up because of what is happening in New York or Washington DC. They are up despite of what is going on in those places. Stocks in the U.S. are up because stocks all over the world are up. That's how this works.
I am a firm believer that the Stock Market, U.S. or otherwise, is in an uptrend that began in early 2016, or summer of 2016. You can buy me beers one day and we'll discuss less relevant data points, like this 6 month difference, that dorks like me...
Since the market's volatility picked up in late January, one key piece of the bear thesis has been weakness in Technology, yet we've not seen a crack and flush lower. I don't know about you, but I was...
Many have fixated their attention on the "triangle pattern" that's formed the NYSE Composite Index and other major US indices. This pattern is a visual representation of the indecision between buyers and...
It's hard for a mechanic to tell you what's wrong with your car without lifting the hood to see what's inside. In the stock market it's no different. We often hear people giving a diagnoses of the market's health simply by using the S&P500 or some...
This past Wednesday I had the privilege of joining 7 world-class Market Technicians in the Stocktoberfest East Chart Battle Competition. It was a lot of fun to share my work with the 450+ conference...
This is the most valuable analysis I do every month. When you sit there with some music on and just rip through monthly charts, it really gives you perspective. We're taking a step back and reanalyzing the trends. It's easy to get caught in the day-to...
As homo sapiens we're hard wired to feel the need to gossip. This goes back hundreds of thousands of years throughout evolution. We still see it today and through the speed of communication technology, that gossip gets amplified. While some would...
I look at facts. There are many people who choose a variety of other factors that aren't necessarily true. Market participants all over the world look at economic data (which are estimates), statements from CEOs of companies (do you trust them all? if...
When I get asked about what I think the most important technical indicators are, I have to start with price. This is where it all begins and ends. Everything else is just a derivative of price. Let's not forget that. We can use all sorts of other...
It's funny, some friends of mine a few weeks ago were asking me about Island Reversals. Apparently they were arguing about whether a breakout in some stock was sparked by an island reversal or not. I came to the conclusion that they were both wrong,...
Here at Allstarcharts, none of us know what is going to happen in the market next week or next month or even next year. But the good news is that no one else does either. So it's an even playing field among all of us, whether you're Warren Buffett,...
It's hard to ignore the strength we're seeing in some of these emerging markets. When stocks are selling off, I like to look around and see who is still holding up well. We call that "relative strength". Every day I get to speak with traders at the...
We want to be buying stocks. I don't think I can be any more clear about that.
You guys know me as the obnoxiously bullish guy the past couple of years in the midst of "unprecedented pessimism". I'm willing to admit that I have an unfair...