For those new to the exercise, we take a chart of interest and remove the x/y-axes and any other labels that would help identify it. The chart can be any security in any asset class on any timeframe on an absolute or...
We've all been there and we've all seen others do it to. We get one data point and then all of sudden we're drawing direct conclusions based on that number. Think about how silly it sounds to make decisions based on a government report or even single...
You've got to love a stock breaking out of a seven-year base and doing so with options pricing in the lowest volatility levels all year. And when it is in a strong sector that has been among the leaders all year, I'm licking my chops.
One of my favorite parts of living in Sonoma, CA is going to the local market. I'm right in the heart of wine country so anything protein or produce is going to be off the charts. On the way out of the store on weekends and/or early in the week, it...
When was the last time Small-caps were not a mess? At least a year now right?
The bearish argument has been that small-caps (and others) are underperforming the large-cap stocks and therefore, the divergence is a warning signal that...
In this Episode of Allstarcharts Weekly, Steve and I talk about the fact that the only sectors making both weekly and monthly all-time highs are Consumer Staples, Utilities and...
In elementary school, nothing was more interesting to me than Space. And a quick look at my Lego collection would confirm this in two seconds flat. I was obsessed. But more in the "great unknown" way. So many questions. So many possibilities.
If you've been in our world long enough you've heard someone say, "Technical Analysis Is Voodoo". As far as I'm concerned, the more people who think that the better it is for us! As Technicians we are analyzing the behavior of the market and its...
