JC, Author at All Star Charts Page

[Premium] Monthly Charts Strategy Session January 2024

January 2, 2024 by JC

This is the video recording of our January 2nd Monthly Charts Live Strategy Session

What Will It Take To Get Bearish?

January 2, 2024 by JC

2023 turned out to be a great year for investors.

It was really hard not to make a lot of money last year.

And while the trends for stocks and many other risk assets are certainly up, we want to be identifying what the market will have to do for us to position ourselves much more defensively into the new year.

The first warning of a non-so-great market environment would be a breakdown in the Nasdaq100 and Small-cap Russell2000.

Look at those former highs in QQQ from late 2021. If the Nasdaq100 ETF is below 400, that would put it back below those former highs, increasing the vulnerability for further downside, or even a grind sideways. [Read more…]

My 3 Predictions for 2024

January 1, 2024 by JC

I just want to take a moment to thank everyone for all the kind words throughout the year.

Your support and this community you helped build is inspiring to us all.

I’m incredibly grateful.

Thank you.

Now let’s get into it. [Read more…]

[Premium] Details For January 2024 Monthly Strategy Session

December 28, 2023 by JC

These are the registration details for our Live Monthly Candlestick Strategy Session for Premium Members of All Star Charts.

This month’s Video Conference Call will be held on Tuesday January 2nd @ 6PM ET. As always, if you cannot make the call live, the video and slides will be archived and published here along with every other live call since 2015.

Here are the details for Tuesday evening: [Read more…]

What’s Driving Stock Prices

December 22, 2023 by JC

The bull market continues as stocks keep making making new highs.

This is what happens in bull markets, stocks regularly go up.

The Dow Jones Industrial Average is making new all-time highs every day. The S&P500 and Nasdaq are right there too.

And the list of stocks on the NYSE hitting new highs is the longest its been in over 30 months.

But what’s driving these stock prices?

It’s not earnings. It’s not the Fed. It’s not the biden.

It’s the Dollar. It was always the Dollar.

When the Dollar is weak, stocks go up. It’s that simple. And when the Dollar is strong, stocks have a hard time making any progress: [Read more…]

Perfectly Normal Market Behavior

December 20, 2023 by JC

The old saying from our friend Jeff Hirsch goes, “Buy in October and Get yourself Sober”.

Did you listen?

And it’s not so much about literally buying blindly in October, and more about the fact that stocks tend to end their seasonal corrections around that time, before going on to rally into the end of the year.

And that’s exactly what we’ve seen.

Here is the 4-year seasonal cycle, which of course, suggested strength in equities since mid-term elections last year. And we certainly saw it.

Then the Q3 correction came and went, again all perfectly normal.

And finally that year end strength, which of course we’re seeing: [Read more…]

Nvidia Ready For Another 50% Rally

December 19, 2023 by JC

During bull markets, the leading stocks tend to remain leaders longer than most investors can fathom.

That’s just how markets work.

This cycle Nvidia has been a big winner. It was one of the first to break out to new all-time highs. And it’s been one of the best performers, despite its massive $1.2 Trillion market cap.

That’s the exact definition of a market leader. And our bet is that it continues to hold that title: [Read more…]