Whenever in Doubt, Zoom Out

Do you want to know our cheat code here at ASC?

It’s the Monthly Candlesticks.

“Whenever in doubt, zoom out.” That’s how I learned it from JC many years ago.

The beauty of monthly charts is that they make it impossible to ignore the primary trend. And that’s what this game is all about.

Think about it.

We live in a world where information moves faster than ever — it’s easy to get lost in what’s happening today, with all the media noise.

That’s where the Monthly Candlesticks come in.

The ability to step back, zoom out, and identify the direction of the main trend is a superpower.

We only get these 12 times a year — and they’re worth paying attention to.

So let’s zoom out and put things in perspective.

The S&P 500, Nasdaq 100, Dow Jones Industrial Average, and Russell 2000 all just closed the month at new all-time highs.

From large- to small-caps. That looks more like broad participation than a lack thereof.

And what do we know about all-time highs?

They’re not characteristics of downtrends.

This is not only happening in the U.S.

Go look around.

European equities have been ripping this year.

These indexes are built different. They’ve got zero exposure to tech and growth stocks.

Here's the London FTSE 100 Index trading at its highest level in history.

And how about China?

The Shanghai Composite Index just broke out to multi-year highs.

Chinese stocks have been a hot spot lately.

I love how people dismiss them just because they “don’t trust” them.

Meanwhile, they’re quietly breaking out.

Tonight, Monday at 8PM ET, JC will be breaking all of this down — and a lot more.

If you’re not a Premium Member yet, click here to join risk-free.

Stay sharp,

Alfonso De Pablos, CMT

Director of Research, All Star Charts