Every month I host a conference call for All Star Charts Premium Members where we discuss ongoing themes throughout the global marketplace as well as changes in trends where new positions would be most appropriate. This includes U.S. Stocks & Sectors, International Stock Indexes, Commodities, Currencies and Interest Rate Markets.
This week I laid out a list of bullish characteristics for stocks and my list of bearish characteristics in the current market environment. The reason for this exercise is to weigh the evidence and see which way the scale tilts. In this month's call, we'll dive deeper into the leading sectors and really identify the signs we'll be watching for to signal further deterioration in stocks, not just in the U.S. but globally.
We have a lot to discuss! It will be held on Tuesday March 21st at 7PM ET. Here are the Registration Details:
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.
Every month I host a conference call for All Star Charts Premium Members where we discuss ongoing themes throughout the global marketplace as well as changes in trends where new positions would be most appropriate. This includes U.S. Stocks & Sectors, International Stock Indexes, Commodities, Currencies and Interest Rate Markets.
Over the past 10 days I have been traveling throughout southeast Asia learning new strategies and perspectives from local traders and investors. I'm lucky that I truly love what I do and the evolution of my process is far from complete. Every day the world is getting smaller and more interconnected than ever. Although cultures my be very different, the human psyche is universal. Our emotions controlled by fear and greed can be seen everywhere from New York City, to St. Louis, MO to London, to Kuala Lumpur. The difference is simply the perspective from which each investor sees the world, and therefore the marketplace. Trying to get inside the mind of these investors has been a fascinating process and I firmly believe that it gives me a leg up over everyone else.
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.