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All Star Charts

Expert technical analysis of financial markets by JC Parets

Innovating New Leadership

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From the desk of Steve Strazza @Sstrazza

Thanks to everyone for participating in this Week’s Mystery Chart. It featured a nice base breakout that had extended higher and was digesting its gains near our Fibonacci extension levels.

When we posted the chart earlier this week, price was pressing up against its most recent objective near the 423.6% extension.

We posed the following question: will price correct lower and confirm the potential bearish momentum divergence, or would momentum catch up with price and confirm it’s latest all-time highs.

Your responses were overwhelmingly bullish due to the strong uptrend and momentum characteristics… and we would agree.

[Read more…]

Mystery Chart (10-13-2020)

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From the desk of Steve Strazza @Sstrazza

New Mystery Chart!

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 relative basis. Maybe it’s a custom index or inverted, who knows!

We do all this to put aside the biases we have associated with this specific security/the market and come to a conclusion based solely on price.

You can guess what it is if you must, but the real value comes from sharing what you would do right now. Buy, Sell, or Do Nothing?

[Read more…]

The RPP Report: Review. Preview. Profit. (10-12-2020)

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From the desk of Steve Strazza @Sstrazza and Louis Sykes @Haumicharts

At the beginning of each week, we publish performance tables for a variety of different asset classes and categories along with commentary on each.

Looking at the past helps put the future into context. In this post, we review the relative strength trends at play and preview some of the things we’re watching in order to profit in the weeks and months ahead.

In recent week’s RPP Reports, we’ve discussed how Equity Markets had become more of a mixed bag with many key assets trading right at or near critical levels.

This week, we’ll follow up on some of these areas we’ve been pointing out in recent reports and see how they look now.

[Read more…]

Under The Hood (10-09-2020)

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From the desk of Steve Strazza @Sstrazza.

Welcome to our “Under The Hood” column for the week ended October 9, 2020.

What we do is analyze the most popular stocks during the week and find opportunities to either join in and ride these momentum names higher, or fade the crowd and bet against them.

We use a variety of sources to generate the list of most popular names. There are so many new data sources available that all we need to do is organize and curate them in a way that shows us exactly what we want: A list of stocks that are seeing an unusual increase in investor interest.

Whether we’re measuring increasing interest based on large institutional purchases, unusual options activity, or simply our proprietary lists of trending tickers… there is a lot of overlap.

The bottom line is there are a million ways to skin this cat. Relying on our entire arsenal of data makes us confident that we’re producing the best list each week and gives us more optionality in terms of finding the most favorable trade setups for our clients.

[Read more…]

Introducing… The Young Aristocrats

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From the desk of Steve Strazza @Sstrazza

Dividend aristocrats are easily some of the most desirable investments on Wall Street. These are the names that have increased dividends for at least 25 years, providing steadily increasing income to longer-term minded shareholders. 

As you can imagine, the companies making up this prestigious list are some of the most recognizable brands in the world. Coca-Cola, Walmart, and Johnson & Johnson are just a few of the household names making the cut.

Here at All Star Charts, we like to stay ahead of the curve. That’s why we’re turning our attention to the future aristocrats. In an effort to seek out the next generation of the cream-of-the-crop dividend plays, we’re curating a list of stocks that have raised payouts every year for 5-9 years.

Introducing the Young Aristocrats. We like to say these are “stocks that pay you to make money”. Imagine if years of consistent dividend growth and high momentum & relative strength had a baby, leaving you with the best of the emerging dividend giants that are outperforming the averages. 

By adding our technical research to the mix, the Young Aristocrat setups give you the opportunity to own the best of the market’s future blue-chip winners before they become must-own household names. 

And maybe the best part? This list is not just designed for long-term investors. Traders of all time frames can use this list to help generate ideas even in the shorter-term. Remember, some of those most important filters we use for this list are still momentum, relative strength and proximity to new highs. So let’s keep it real, these stocks are going up across all time horizons.

So with that said, Let’s dive right in…  [Read more…]

[Premium] 2-to-100 Club (10-07-2020)

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From the desk of Steve Strazza @Sstrazza

Welcome to the 2-to-100 club.

Something we’ve been working on internally this year is using various bottoms-up tools and scans to complement our top-down approach. One way we’re doing this is by identifying stocks as they climb the market-cap ladder from small, to mid, to large and ultimately to mega-cap status (over $200B).

Once they graduate from small-cap and into mid-cap status (over $2B) then they enter our radar.

But the scan doesn’t just end there. We only want to look at the strongest growth industries in the market as that is typically where these potential 50-baggers come from. Some of the best-performers in recent decades – from the likes of Priceline, Amazon, Netflix, and Salesforce, to a myriad of others… they all would have been on this list at some point.

When you look at the stocks in our table you will notice we are only focused on technology and growth industry groups such as Software, Semiconductors, Online Retail, Solar, and more.

Then as any good technician, we are filtering the list by those names that are closest to 52-week highs. This allows the cream of these strongest groups to rise to the top and makes our job easy to identify technical breakouts in some of these top-performing stocks.

[Read more…]

Does Breadth Support A Breakout For Japan?

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From the desk of Steve Strazza @Sstrazza

Last week’s Mystery Chart featured an ominous rounding top, complete with price violating key lows as it aggressively collapsed. 

Today, we’re going to turn that frown upside down. It actually wasn’t a rounding top at all.

We inverted the chart, as we often do, in an effort to make some of you out there aware of any bullish or bearish biases you may have. 

In other words, if you were buying this chart (which most of you were NOT), you are really a seller. And if you’re a “seller” who only bought the Mystery Chart because you have a bullish bias, you might now be wondering why you would ever bet against such a nice base. 

When we flip this chart around, you can now see we’re looking at a massive base on Japan’s Nikkei 225.

In this post, we’ll check in on the Nikkei and see what market breadth is signaling about the internal strength of the Japanese stock market.

[Read more…]

The RPP Report: Review. Preview. Profit. (10-05-2020)

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From the desk of Steve Strazza @Sstrazza and Louis Sykes @Haumicharts

At the beginning of each week, we publish performance tables for a variety of different asset classes and categories along with commentary on each.

Looking at the past helps put the future into context. In this post, we review the relative strength trends at play and preview some of the things we’re watching in order to profit in the weeks and months ahead.

Like we discussed last week, Equity Markets are becoming more of a mixed bag. This week, we’ll expand on this theme.

Prices continue to flirt with the risk levels we’ve outlined for various assets in recent weeks. We still believe the weight of the evidence is in favor of the bulls, but with so many assets at inflection points, we’re paying close attention to every new day’s data as it comes in. [Read more…]

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