On December 6th, JC highlighted the Health Care Sector breaking out and the stocks he likes best for purchase.
If you want to play along, I’ve got an options trade in one of those stocks that profits on a run into new highs. [Read more…]
Expert technical analysis of financial markets by JC Parets
On December 6th, JC highlighted the Health Care Sector breaking out and the stocks he likes best for purchase.
If you want to play along, I’ve got an options trade in one of those stocks that profits on a run into new highs. [Read more…]
by JC
In this Episode of Allstarcharts Weekly, Steve and I discuss the less talked about tenets of Dow Theory. Everyone always likes to talk about the Dow Jones Industrial Average either confirming or diverging from the Dow Jones Transportation Average. But what gets forgotten is that there are many more tenets like Closing Prices are the most important, Identifying the direction of the Primary Trends and The Market Discounting Everything. Check out JC’s 5 Most Important Dow Theory Tenets
This day and age we have other areas just as important, or even more important, than a group of Railroads, like what Charlie had when he first wrote down his Tenets in the late 1800s. Today we also compare the Dow Jones Industrial Average to the Semiconductor and Homebuilders Indexes as well as incorporate a series of ratios with Consumer Staples and Financials. It’s more of an “and” than an “or” for us when it comes to Dow Theory. [Read more…]
Believe it or not, there isn’t a bull market EVERYwhere. Of course, if you give yourself a steady diet of SHOUT!TV! then this is not a surprise to you because everything is bearish (on TV).
As we begin the last leg of 2019 into the holidays, trading often gets a little uneventful (last year being a MAJOR exception). Feels to me a great time to be putting some delta-neutral income trades on. [Read more…]
by JC
Healthcare is the latest of the American Sectors to break out to new all-time highs. I think Financials are next, but for today’s conversation, let’s focus on the task at hand: Healthcare is a space we want to own.
First of all, here is that breakout. It rarely gets cleaner than this: [Read more…]
by JC
Did you notice that the U.S. Financials Sector Index is just 3.5% away from its infamous all-time highs in 2007 before the financial crisis?
That’s right, $XLF is approaching this level once again, for the 3rd time in almost 13 years. Is this finally going to be it? Are we really going to start a new bull market in Financials?
I think yes and I’m going to tell you why.
First here is the chart I’m referring to and its 3rd attempt to get through this level: [Read more…]
by JC
This week I hosted a Live Special Conference Call for Premium Members of All Star Charts. Premium Members can access My Presentation here.
You can also watch this entire video for just $1 by clicking this link. In this short clip below, I show you 3 specific points throughout the presentation where
1) I discuss risk management techniques and how we will know soon if we’re wrong on our thesis,
2) a specific ratio that is a coincident and, often times, a leading indicator for US Stocks, and
3) how we identify specific trade ideas using the top/down approach, with 2 ideas in particular that we want to take advantage of today.
If you have any questions, please feel free to reach out to me, even if it’s just to say hi. Sign up here to watch the video in full
[Read more…]
by Tom Bruni
From the desk of Tom Bruni @BruniCharting
Thank you to everyone who responded to this week’s mystery chart.
There were a lot of people on the right track in guessing what it was…but nobody got it exactly, which serves you right for guessing.
In any case, most of you are taking a neutral or bullish approach to the chart and agreed that a potential trend reversal is in the works.
Let’s take a look. [Read more…]
by Tom Bruni
From the desk of Tom Bruni @BruniCharting
If you look at a list of the best-performing stock markets in the world this year and over the last few, you’ll see New Zealand towards the top of that list in both local currency and US Dollar terms.
With that said, today’s Chart of The Week is focused on another New Zealand chart that’s NOT equities.
Don’t worry, we’ll talk equities too for you non-currency traders.