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All Star Charts

Expert technical analysis of financial markets by JC Parets

Bitcoin: Bellwether, Benchmark, Or Both?

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We’ve been talking a lot about crypto markets lately.

In fact, we just launched a new column exclusively for this emerging asset class.

As JC mentioned this morning, we’ve found quite the winning formula in selfishly pursuing projects and creating content that WE like. Fortunately, it usually turns out that our readers and clients think what we do is cool and valuable too.

Just like our new Saturday Morning Chartoons, everything we’re doing with crypto lately is another great example of this self-serving strategy of ours.

Along those lines, we just created a custom index for cryptocurrency that we think is pretty damn neat. It also got us thinking about something…

[Read more…]

Saturday Morning Chartoons

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Everything you see us do here is an incredibly selfish endeavor.

We build the tools that WE think are helpful. We build the scans and strategies that WE find valuable.

All the money we reinvest in people and technology are to accomplish OUR goals.

That’s been our mission since day 1: Keep it selfish. Do what WE think adds value to OUR process.

And as it turns out, all of you agree with most of what we do. You ALSO think those tools and strategies are valuable and/or cool.

I’ve had a front row seat to this beautiful phenomenon for over a decade.

So when we’re having talks internally about upcoming projects, I find myself always reverting to that:

Do WE think it’s cool?

Do WE think it adds value?

Because if we do, then my bet is most of our audience will also.

And that has worked well for us over the years. [Read more…]

Filed Under: ASC

Do These Divergences Matter?

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For me, it’s not just about one indicator or one chart.

It’s a weight of the evidence game.

Since March, the bet has been Messy For Longer. We’ve expected a choppy environment. That’s what the weight-of-the-evidence and history suggested.

But now what? Are these consolidations going to resolve lower? Or Higher? Or just stay messy for even longer?

That’s what makes this all so great. I don’t know. And neither do you. No one does.

It’s a beautiful thing.

So as I weigh the evidence to decide rollover or breakout, I come to a series of divergences that put this stock market in quite the predicament.

With S&Ps and major indexes hovering near all-time highs, we’re just not seeing it from the components themselves. Here’s the Russell3000, for instance, seeing fewer and fewer new highs: [Read more…]

Commodities Weekly: The What, The When, And The Primary Trend

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From the desk of Steven Strazza @Sstrazza and Ian Culley @Ianculley

As May just came to a close, many spent the weekend celebrating the kick-off to the Summer season at Memorial day barbeques. We did that too. BUT… being the nerds we are, we also spent much of the weekend pouring over some fresh monthly candles now that yet another one is in the books.

In the spirit of our sacred monthly candlestick process here at Allstar Charts, in this week’s column, we’re going to take a step back and discuss some of the primary trends at play in Commodities Markets.

We only get this incredibly valuable information ONCE a month. That’s right. Just TWELVE times a year. As such, we really cherish weeks like these. 

So, let’s dive right in and talk about one of the charts that really stuck out this month: None other than the good old Thomson Reuters $CRB Index, arguably the broadest barometer for the asset class as a whole.

[Read more…]

[Options Premium] Living in 3D

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The team at All Star Charts has started putting out a new report called “Follow the Flow.” The goal of this report is to “create a universe of stocks that experienced the most unusual options activity – either bullish or bearish… but NOT both.”

The unusual activity we’re witnessing in these stocks is not necessarily “smart” money, but “aggressive” or “motivated” money. This is a useful signal.

With this in mind, one of the names mentioned in the most recent report caught my eye for a shorter duration bullish options bet. [Read more…]

6 Shorts For The Summer

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With the Dow Jones Transportation Average hitting our upside targets last month, it’s become a wait and see game. 

Are consolidations resolving higher, like they were before? Or are they resolving lower?

Based on the overwhelming amount of evidence, the bet we want to make as that Transports resolve lower, and join some of the other areas that have already been under pressure for months, like Tech and Small-caps. [Read more…]

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