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All Star Charts

Expert technical analysis of financial markets by JC Parets

Happy Anniversary Bull Market

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How come so many investors get mad that an index, which was designed to buy more of the best stocks and less or none of the worst stocks, owns more of the best stocks and less or none of the worst stocks?

The S&P500 is up over 21% since the October low last year. In fact, last week marked the 1 year anniversary of this bull market.

Meanwhile, the Nasdaq100 is up 40% over the past 12 months (because it’s a bear market?)

During this time, Technology is up 46%, Communications is up 42% and Industrials are up 22% – representing the 3 best performing groups of stocks. [Read more…]

Large Caps Over Small Caps

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From the Desk of Alfonso Depablos @Alfcharts

One of the relative trends we must regularly evaluate is the relationship between large-caps and small-caps.

Sometimes large-caps outperform. Other times, it’s the little guys leading the way. 

This ratio tells us which ones we should be focusing on. 

The chart below shows the Russell 1000 Large-Cap ETF (IWB) relative to the Russell 2000 Small-Cap ETF (IWM) breaking out of a monster-basing formation.

[Read more…]

International Hall of Famers (10-13-2023)

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From the desk of Steve Strazza @Sstrazza

Our International Hall of Famers list is composed of the 100 largest US-listed international stocks, or ADRs.

We’ve also sprinkled in some of the largest ADRs from countries that did not make the market cap cut. 

These stocks range from some well-known mega-cap multinationals such as Toyota Motor and Royal Dutch Shell to some large-cap global disruptors such as Sea Ltd and Shopify.

It’s got all the big names and more–but only those that are based outside the US. You can find all the largest US stocks on our original Hall of Famers list.

The beauty of these scans is really in their simplicity.

We take the largest names each week and then apply technical filters in a way that the strongest stocks with the most momentum rise to the top.

Based on the market environment, we can also flip the scan on its head and filter for weakness.

Let’s dive in and take a look at some of the most important stocks from around the world.

[Read more…]

What Will It Take for Crude to Break Down?

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From the Desk of Ian Culley @IanCulley

Price must hold above key support levels when defining a range or uptrend.

It might sound simple. Yet investors often sideline these crucial levels in favor of the latest headline.

I read the news daily and support journalists fighting the good fight. However, I don’t incorporate what I read in the papers into my market analysis. 

Instead, I focus on price and the critical areas seared into the collective memory bank – support and resistance.

Perhaps you can guess my response when a reader recently asked, “What will it take for crude oil to break down?”

[Read more…]

The Dollar Playbook

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From the Desk of Alfonso Depablos @Alfcharts

The negative correlation between equities and the dollar remains intact, representing a fundamental piece of the current intermarket puzzle.

When the dollar strengthens, stocks tend to fall under selling pressure. On the flip side, stocks often enjoy strong bull runs when the dollar trends lower.

That’s been the case for some time now. 

When we zoom in on this relationship, it becomes clear as day why the dollar should be on the mind of every stock market investor right now.

Below is a 15-minute chart of the S&P 500 Futures and the US Dollar Index over the last week.

[Read more…]

All Eyes On The Banks

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From the Desk of Alfonso Depablos @Alfcharts

Banks are considered one of the world’s most important industry groups as they provide an excellent overview of the economic environment and overall risk appetite toward markets.

After suffering a deep decline in Q1, prices carved out a tradable low, rebounded, and settled into a well-defined trading range.

However, these laggards continue to be a concern for the financial sector and the broader market as the charts look vulnerable heading into earnings season.

Here we have Money-Center Banks $KBE, Regional Banks $KRE, and Community Banks $QABA, all of which are below their AVWAPS from the May lows:

[Read more…]

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