JC, Author at All Star Charts Page

It’s that Sentiment Thing again

August 4, 2024 by JC

What’s driving stock prices?

Remember, over the short- to intermediate-term, stock prices don’t move based on the fundamentals. They move up and down based on positioning, or in many cases, a lack of positioning.

When no one wanted Tech and mega-cap growth at the end of 2022, that was when Tech and mega-cap growth really got going.

Before that, when everyone wanted high growth Tech, Cathy Wood was the next Warren Buffett, and that’s when Tech stopped working for a while – and is still not working in many of cases.

That’s sentiment driving those things. [Read more…]

It’s Like A Brick Wall

August 2, 2024 by JC

The market hates it when bonds are making outsized moves.

It’s less about when rates are rising or when rates are falling.

The bigger point here is that when interest rates are making very aggressive directional moves, that’s what brings the volatility to the stock market.

And that’s exactly what’s happening: [Read more…]

Tech Stocks Doing Tech Bubble Things

August 1, 2024 by JC

We’ve been here before.

It’s been 24 years since we’ve been here.

But this is familiar territory

We saw historic underperformance from Technology stocks immediately after the sector reached the same levels it just reached last month.

Should we expect the same? In other words, should Tech keep underperforming, paving the way for other sectors like Financials, Industrials, Energy and Healthcare to outperform for a while?

Is that why the equally-weighted S&P500 just closed the month at new all-time highs? Because the largest weighting of the Market-cap weighted version is struggling to make any progress?

Here’s Technology relative to the S&P500 getting back to those former highs from early 2000: [Read more…]

[Premium] Monthly Charts Strategy Session August 2024

August 1, 2024 by JC

This is the video recording of our August 1st Monthly Charts Live Strategy Session

[Read more…]

Here’s What’s Actually Driving Things

July 30, 2024 by JC

This is where it all starts folks.

The story starts and ends with the Bond Market.

You may not like it. I know I certainly don’t. But that’s the world we’ve always lived in. And it’s the world I would expect us to be in for a long long time.

The bond market is $130 Trillion. That’s compared to a mere $50 Trillion US Stock Market. The total Global stock market is slightly over $100 Trillion, for perspective. [Read more…]

[Premium] Details For August 2024 Monthly Strategy Session

July 30, 2024 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 Thursday August 1st @ 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 Thursday evening: [Read more…]

Aerospace & Defense New All-time Highs

July 28, 2024 by JC

Does it feel like everything is working in this market?

Most things are.

And the strongest industry groups have already been making new all-time highs.

Look no further than Aerospace & Defense coming out of this multi-year base to new record levels: [Read more…]

So Many All-time Highs

July 27, 2024 by JC

All week I had people telling me about the severe market correction that stocks were in.

But as I went through all the stocks, I actually found that it was the exact opposite.

Look at the Dow Jones Industrial Average going out this week at another new all-time high: [Read more…]