JC, Author at All Star Charts Page

[Premium] Monthly Charts Strategy Session August 2023

August 2, 2023 by JC

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

[Read more…]

Do You Own Enough Energy?

July 31, 2023 by JC

The fact that Energy hasn’t even broken out yet really stands out to me.

Energy, and commodities in general, have been left for dead this year.

Investors have forgotten about that third asset class: Commodities.

It’s not just stocks and bonds kids.

There are Commodities too!

Here’s the Energy Sector Index, flat over the past 15 years.

It still hasn’t even broken out: [Read more…]

Regime Change?

July 30, 2023 by JC

I still don’t think the second half of 2023 is going to look like the first half.

A lot of things could be different.

Let’s remember, in the back half of 2022 almost every stock and sector was already going up, EXCEPT for Mega-cap growth.

And then in early January, they got the rotation they were looking for, and it became Tech and Growth as the leaders of this Bull Market.

Now that we’re in Month #14 of this Bull Market regime, and we’ve seen several cycles of rotation already, I think it’s time for another one.

First of all, take a look at the Nasdaq100 $QQQ currently running into former resistance from late 2021, that preceded the failed breakout and ensuing collapse: [Read more…]

[Premium] Details For August 2023 Monthly Strategy Session

July 29, 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 Wednesday August 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 Wednesday evening: [Read more…]

Re: The Next Bull Market Catalyst

July 27, 2023 by JC

The Dow Jones Industrial Average and Dow Jones Transportation Average are both hitting new 52-week highs.

These are things we see regularly in uptrends. Not so much in downtrends: [Read more…]

European Banks Hit New 52-week Highs

July 25, 2023 by JC

Here’s something you don’t see every day.

European Financials hitting new 52-week highs? [Read more…]

Energy To Lead Again?

July 24, 2023 by JC

Crude Oil futures are pushing up against new 3-month highs just as investors have given up on the commodities trade.

No one I speak to thinks Energy leads the way in the 2nd half of 2023.

And I speak to a lot of people who got the past year very right. Even they don’t believe…

Here’s what I see: Former resistance for Crude Oil in 2018 turning into support throughout the past year: [Read more…]

Investors are still so scared

July 22, 2023 by JC

Technical Analysis is the study of the behavior of the market and its participants.

So while identifying price trends is our ultimate goal, sentiment plays an important role in that process.

Prices don’t move up or down because of “fundamentals” or “the economy”. The price of assets move based on positioning.

When investors are all positioned one way, and are at a consensus, who’s left to drive prices further in that direction?

Last summer we saw some of the most pessimistic sentiment towards stocks in history.

Some of that sentiment has started to shift a bit, like in the AAII and II polls. We’re back somewhere towards the middle in those. You need, at least, some bulls to buy stocks to have a bull market.

But when it comes to Fund Managers, Cash is still their largest position, and they’re most bearish on equities. [Read more…]