It's been a frustrating period for stocks in Canada over the past decade. Up just 7% since their 2008 highs, Canadian equities have been consistently underperforming for almost 10 years. But are things now finally changing?

These are the registration details for the monthly conference call held 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 Tuesday March 19th at 7PM ET. Here are the details for the call:

If there is one thing that has worked since October, it's cash. I feel like people are afraid of that word. Like you're doing something wrong for raising some (or a lot of) cash. Do you think it makes sense to always be fully invested? I don't.

I look at everything through the lens of potential opportunity cost. What else could we be doing with that money? In liquid markets, sometimes it's treasury bonds, other times it's gold, and of course all of the market neutral pair trades and options strategies to profit from sideways markets.

Cash is an investment too. Why do you always have to be all in? You want to think 50 years out? Go ahead. We're only concerned about the next couple of quarters. We'll worry about next year, next year. And 50 years from now? I only hope to be around sipping wine and ripping through charts. We'll see...

So about today.

From the desk of Tom Bruni @BruniCharting

My presentation at Chart Summit 2019 focused on market breadth and how we like to keep our process of looking at the subject pretty simple.

While that presentation covered a number of our methods of measuring the market's internals, in this post I want to share some stats we pulled this weekend that help provide some valuable context around the market's rally from the December 24th lows.

The table below outlines the major US Indexes we cover with performance stats from important inflection points: The January 2018 highs, the September 2018 peak, and the December 24th low.

We also have some additional stats listed like percentage below 52-week high and above 52-week low, days since those events occurred, whether the daily RSI reading is in a bullish or bearish range, and whether prices are above their 200-day moving average.

The columns we want to pay attention to for now are the first three.

Click on table to enlarge view.

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With a new month comes a fresh batch of Monthly Candlesticks. As you are all well aware, I find this exercise to be incredibly valuable. It forces us to identify the direction of the primary trend.

Today we got new Monthly Candlesticks. We wrote a free post on the biggest theme from this month, but this post will go through a few more charts that stood out.

From the desk of Tom Bruni @BruniCharting

Finding things to short on an absolute basis has been tough since December, however, Shipping stocks appear to be presenting an attractive reward/risk for those looking to express a bearish thesis in the market.

From the desk of Tom Bruni @BruniCharting

As part of my preparation for my Chart Summit presentation on market breadth, I'm looking at a lot of charts this week. In this post I'll share a bunch of them to provide some perspective on where US markets currently sit from a participation perspective.

From the desk of Tom Bruni @BruniCharting

This week's Mystery Chart Reveal was focused on Japan's breakdown to new lows versus the S&P 500. This one chart is part of a much larger theme, so in this post we're going to discuss the best reward/risk pair trades present in this space.

From the desk of Tom Bruni @BruniCharting

The US Dollar Index is approaching its Q4 highs once again, however, the real story lies underneath the surface in three unrepresented currency pairs that are offering a solid reward/risk opportunity at current levels.

The latest Chart of the Week is actually 4 charts! Today we're looking at Emerging Markets and comparing them to the S&P500. When money managers are bullish and positioning themselves for higher stock prices, they tend to invest in more speculative, higher beta names. When PMs are positioning themselves for lower stock prices, EM gets killed, particularly relative to developed markets.

These 4 charts represent divergences between Emerging markets and the S&P500 over the past couple of decades. When the S&P500 is making lower lows but Emerging Markets are simultaneously making higher lows, it's been evidence of risk appetite for stocks and markets have continued to rally for years after the divergence.

The question: Is this time different?