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All Star Charts

Expert technical analysis of financial markets by JC Parets

Building A Bottom With BRICs

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From the desk of Steve Strazza @Sstrazza

Thanks to everyone for participating in this Week’s Mystery Chart.

We went “bottom fishing” with this week’s selection, posting a mystery chart that featured a potential bottoming pattern complete with a failed breakdown, fast move higher, and a successful retest of support. These are all bullish characteristics that point to a higher likelihood of this being a true trend reversal.

As we noted earlier this week, bottom fishing is a risky game. But, if we play the bottoming process responsibly, the market could offer us some delicious rewards.

Let’s dive right in…

[Read more…]

October Conference Call: 5 Key Takeaways

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From the desk of Steve Strazza @Sstrazza.

This week we held October’s Monthly Conference Call which our Premium Members can access and rewatch here.

In this post, we’ll provide a summary of the call by highlighting 5 of the most important charts/topics we covered along with commentary on each.

Let’s dive into it.

[Read more…]

Money Game Podcast: Experiences Over Things (EP.17)

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In this episode of The Money Game, Phil asks about what’s more important to me. Is it collecting material things, or enjoying experiences with family and friends? For me, it’s quite obvious after looking back that I’ve enjoyed my experiences traveling throughout Asia and Europe with my wife. I remember my Dad let me skip school when I was 11 years old to go to Marlins Opening Day in 1993 (My mom was thrilled about that). I have a nice watch that I never wear. I haven’t bought a car since 1997. And I have little interest in wearing that nice watch, or yet alone buying another one. I think cars are cool, but I’m still in no rush to go get one. Let’s go out for sushi. How about a hike? College football game perhaps? Let’s throw a charity event and raise a ton of money to help people. Want to come to Edison, NJ for Indian food? Go wine tasting in Sonoma Valley? Hit the beaches in Miami or the Caribbean? I’d rather do all that stuff than collect more “things”. But I hadn’t really thought of it that way until I really started to think back at my life and what stood out the most? Is it the things or the experiences? For me, it’s quite obviously the latter. Just something to think about. There are no right or wrong answers. I think it’s about figuring out what’s best for you. Check out our latest podcast episode in full: [Read more…]

What Bubble In Stocks?

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People tell me we’re in a bubble.

They tell me that stocks only go up.

“Too high”

“Long in the tooth” (whatever that means).

I see some of the biggest representatives of global growth making absolutely zero progress since 2007. [Read more…]

[Premium] 2 to 100 Club (10-21-2020)

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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 to mid-cap status (over $2B) they come on 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 – stocks like Priceline, Amazon, Netflix, and Salesforce, to a myriad of others… all would have been on this list at some point during their journey to becoming the market behemoths they are today.

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, etc.

Then like any good technician, we filter the list down to those that are closest to new 52-week highs. This allows the cream of these strongest groups to rise to the top and makes our job easier to identify technical breakouts in the top-performing stocks.

[Read more…]

[Options] Stick With Winners

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Sometimes we traders overcomplicate things. With so many choices, so many moving parts, so many headlines, so many things vying for our attention on a minute by minute basis, it is easy to become overwhelmed.

It seems so obvious, but often the smartest — yet the simplest — thing to do is just keep investing in winners. Objects in motion tend to stay in motion, right? And if we can construct options trades that take advantage of that momentum while defining our risks in case we happen to be the last suckers to pile in before the reversal — then we should do that all day long and twice on Sundays, right?

With that in mind, today’s trade is a momentum name that is no stranger to anyone who has been paying attention to hot names this year. [Read more…]

Mystery Chart (10-20-2020)

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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…]

Louis’ Look: Five Charts You’ve Never Seen

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From the desk of Louis Sykes @haumicharts

Welcome to this week’s edition of Louis’ Look where I give you the inside scoop on what I’m learning as an intern at All Star Charts. Last week I wrote about having a sense of humor in the financial world with a reference to the infamous John Cena pattern in stock of Worldwide Wrestling Entertainment.

Today I thought it’d be entertaining to step back from the lessons and bring five charts you have probably never seen, thought of, or come across.

I had a lot of fun writing this one, so let’s get into it.

[Read more…]

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