XLU has been on quite the tear of late. The being said, we have a big resistance zone ahead with the zone being defined as a 3 drives to a top sell pattern. If we get into the 'red zone' I would expect resistance.
The weight of the evidence has been building in favor of the bears over the last week or two, making the US equity weakness this week anything but surprising. Throughout the...
We've had a heck of a rally in stocks over since late January, led by emerging markets, energy and metal stocks. Starting in mid-February the U.S. and other developed nations got the memo and started to play catch-up. We couldn't be happier with the...
From the Brazilian Real and Australian Dollar to the Turkish Lira, many global currencies have been gaining significant traction relative to the US Dollar over the past several...
I think there is a nice shorting opportunity in General Electric that we can take advantage of this month. There's nothing better than making money when a stock is falling. The reason is because stocks tend to move a lot faster on the way down, than...
We are super excited to announce today that we have added U.S. Dollar denominated charts of Bitcoin to our Members Only Chartbook. The charts included will...
It is very difficult, if not impossible, to put all social media stocks into one category. We do our best with ETFs like $SOCL, but they can be heavily skewed by certain stocks and it ignores others with smaller market caps. Also, what does a company...
It's been a while since I laid out a bunch of short ideas. As you guys know, I've been really bullish since late January. But hey, upside targets get hit, sentiment shifts, and things eventually change. Here are a list of Dow Components that I think...
We've just witnessed one of the most epic rallies in the stock market that we've seen in a long time. Remember, this has been dominated by global indexes, particularly Emerging Markets, not U.S. Stocks. We could not be happier to see this rally...
Polarity is where it all begins, guys. This is supply and demand 101. We talk about momentum and we talk about trends. We use words like Fibonacci, Divergence and Moving Average. This is all fine and dandy, but all of these are only a supplement to...
This morning I was on the Benzinga pre-market radio show, where I am invited to come on as a guest every other week. So basically twice a month a rap with the boys about the direction of the Stock Market, both U.S. and globally, Interest Rates &...
We've been pretty neutral the majority of the U.S. Stock Market indexes over the past couple of weeks since they first starting hitting our upside targets. Some of them, like the Nasdaq100 and Mid-cap400 had yet to reach out upside objectives, but we...
From late January until today, there have been tactical breakouts in currencies of countries with significant commodity exposure relative to the US Dollar. This has provided a...
Over the past few days I've received a number of requests from members asking me to post a the updated charts on my favorite U.S .Stock Market short right now. In last week's letter I mentioned how Utilities were not a place we wanted to be long and...
I look at a few hundred charts per day across multiple timeframes, and thousands each weekend, but I very rarely find an idea that's actionable at that particular moment. This ...
For long time readers of All Star Charts, you guys pretty much know my deal. I put in more work that most people and I include markets in my studies that the majority of investors choose to ignore. In order to take a weight-of-the-evidence approach to...
This Thursday March 24th, I will be presenting at an all day live webinar presented by Investor Inspiration. I will be joining six additional speakers and...
Back in November of last year, I decided to start writing an “Open Letter About the Current Market Environment” and posting it on my blog. This was just a summary of what I call my “homework” (...
It's been awfully lonely being a China bull over the past couple of months. All I keep hearing is how China is falling apart and slowing and all sorts of negative sentiment towards the country and its stock market. In the real world, however, where we...
