Expert technical analysis of financial markets by JC Parets
by JC
Over the years, Diwali has become one of my favorite Indian festivals!
As I’ve come to understand it, Diwali symbolizes the spiritual victory of light over darkness, good over evil, and knowledge over ignorance. Those are all things I can get behind.
So from all of us here at Allstarcharts, may the candlesticks illuminate your charts for another year! [Read more…]
by JC
This week we were focused on the Travel, Leisure & Entertainment stocks. One name that keeps coming up on our scans is Domino’s Pizza.
It’s been a homerun since showing all that relative strength back in February and March. It was even part of our Coronavirus Index. But I think it’s now time for another leg higher to get going.
If $DPZ is above 370, we want to be long with a target up near 600. You can find our analysis on the space here.
Here’s my attempt at Fundamental Analysis on Domino’s. How’d I do? [Read more…]
by JC
These are the registration details for our live monthly conference call for Premium Members of All Star Charts.
This month’s Conference Call will be held on Monday November 16th at 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 Monday: [Read more…]
by Tom Bruni
It’s high time we checked in on the Marijuana stocks since our last update was in July.
Before we start, just want to give a big h/t to our intern @GrantHawkridge for helping out bigly with this research and post.
Some might even call this post a…JOINT venture.
We’ll be here all week.
Now, let’s get into the charts. [Read more…]
For years, Domino’s Pizza has been one of those stocks where I’ve remarked every time I look at a long term chart: “Holy Cow!” Ok, honestly, it usually involved more words in the f-bomb category of expletives. But man, what a monster run! Who knew there was so much money in a pizza delivery chain? [Read more…]
by JC
Is it time to buy the Travel, Leisure & Entertainment stocks?
I don’t necessarily think we need to own all of them. But if we focus on the ones with the most relative strength and positive momentum, we should be in a much better position to succeed. In other words, if we can find the ones that don’t look like most Travel, Leisure & Entertainment stocks, then we could have a winner!
First of all, here is the Dow Jones Travel & Leisure Index (can’t trade it) overlaid with the Leisure & Entertainment ETF $PEJ (can trade it) so you can see how similarly they move. I also included some of the fun facts about $PEJ from the Fund Factsheet. [Read more…]
From the desk of Steve Strazza @Sstrazza
As Notorious BIG would say… “and another one!”
We’ve been pointing out historic breadth readings since this summer. We’ve actually seen a handful of extreme readings that typically occur at major market lows and the early stages of new secular bull markets.
We’ve seen them across most major indexes as well, even Small and Mid-Caps.
From the desk of Steve Strazza @Sstrazza
New Mystery Chart!
For those new to this 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?
