This is a global market environment. The S&P500 goes up and down based on the collective money flow from investors all over the world, not just within the borders of the United States. There are some people still fighting the civil war who simply...
My weekly run through the S&P500 components is one of my favorite parts of the work week. I put on some music and go through all 1000+ charts. Remember we use the weekly charts to get structural perspective and then the daily timeframes to define ...
We live in a world of if/then statements. That's just the way it is. I don't know what's going to happen tomorrow, or next month or next year. But that's okay because no one else does either. That whole lie about "uncertainty" is just that: a lie....
Most of you who know me already know that I incorporate a top/down, weight-of-the-evidence approach. It's not just 1 chart or 1 indicator that says to be long or short the stock market. It doesn't work that way. For me, I put in the work, weigh ALL of...
Yesterday I kept a Diary throughout my entire process of reviewing the components of the S&P500. Many of you have written back with such nice things about that. I'm glad...
We're in the market to make money. It should not matter whether that money is made in Energy stocks, Technology, U.S. Equities, European or Chinese. The point is to find opportunities as they come, wherever they come from. I think as we progress into...
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....
It's hard to ignore certain market moves that tend to be very rare. Bullish outside days that engulf the prior period are one of those. I think this is exactly what we saw this week in the AMEX Arline Index and it is something we want to respect. This...
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...
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...
I love technical analysis. I really do. There's no question that finding a nice chart brings a great amount of joy to my life. Today I want to share with you what I think is one of the most important developments to occur over the past couple of...
For someone who uses Dow Theory every single day, it's not something that I write about much. I may indirectly reference certain tenets all the time, but rarely do I write specifically about the 130 year old Dow Theory. I think I pretty much laid it...
One of the characteristics of bull markets and strong uptrends is sector rotation. While Technology was the first to start leading the market higher in July, Financials and Transportation stocks have recently held the leadership duties. You can start...
There have been a lot of really amazing moves this week in the market. But one interesting development that I don't hear much chatter about is the monster move in Value stocks vs Growth stocks. Value stocks like Berkshire Hathaway and JP Morgan have...
Over the past few days I've received requests from readers about my thoughts on Russian stocks. While I don't particularly care about the US/Russia relations when it comes to picking stocks to buy and sell, it seems to be something of interest to a...
Every now and then I throw out a mystery chart just to get us thinking. Not knowing what a chart represents helps eliminate biases or any ideas we may already have in our heads. Today we are looking at what I think is one of the more interesting...
Transports this week are hitting new 6-month highs relative to the S&P500. Remember, these guys have been the leader for years. To review, the Dow Jones Transportation Average peaked in late 2014, well before the S&P500 put in its final top in...
You guys know that I consider the S&P500 to be just one index in just one country in just one asset class in the entire world. There is a lot more out there. And while this might be true, I would also argue that this one index is one of the more...
It's important to recognize what type of environment we're in for the market. During different times of the year, traders and investors tend to behave in certain ways. When you smooth out the data over many years, their patterns become clear. We all...
With volatility spike in British Pounds, the more interesting story to me is how stocks are pushing up against the former all-time highs in 1999. Since that historic era in the stock market, British stocks have continuously attempted, and then failed...
This week high beta stocks are hitting fresh year-to-date highs relative to stocks with low volatility. This is a new trend, as lower volatility stocks did better than their higher beta counterparts in both 2014 and 2015. But this year has been a...
We take a weight of the evidence approach here at All Star Charts. There is no one data point that will suggest buying is more advantageous than selling, or vice versa. In addition, the process of collecting and reviewing that data, to me, is really...
One of the things that impresses me the most about Technology is the fact that Amazon, a stock up over 70% since February, isn't even a tech stock. While some people like to argue that Amazon is a Technology company, and that may be true, it...
One of the benefits of it being 2016 is that global markets are more interrelated than ever before. We can take price data from the other side of the world and use it to take advantage of domestic markets in the United States as well as many other...