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All Star Charts

Expert technical analysis of financial markets by JC Parets

[Options] The Bird is the Word

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I’ve made no secret about it. I’ve been bullish on Twitter — the business — since I first discovered the power of the platform in 2009. To say that Twitter has profoundly changed my life for the better would be a vast understatement. Sure, the company has social, ethical, even financial challenges. But Twitter is one of those companies that if it disappeared tomorrow, it would have a huge negative effect on me. I can’t say that about most businesses I interact with.

Finding opportunities to invest in the stock of Twitter — $TWTR — has been a bit trickier. [Read more…]

Time To Get Social?

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From the desk of Tom Bruni @BruniCharting

Tuesday’s Mystery Chart is one of my favorite charts right now, so thank you all for your feedback and participation.

I received a lot of answers, but I’d say 2/3 of you were buyers and the other 1/3 were sellers.

With that as our backdrop, let’s get into it.

[Read more…]

Healthy Market or Impending Doom?

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This is the question I often ask myself. In which direction is there the most risk? Are we better off looking for stocks to buy or looking for stocks to sell? There is no need to make this complicated. Where are the probabilities of success skewed in our favor?

You’re well aware by now that I spend a lot of time looking through charts in the U.S. and around the world. We have Indexes, Sectors, Stocks and other assets throughout My Chartbook. One thing I learned a long time ago is to also pay attention to the bellwethers. It’s a word that gets thrown around a lot, but we take it a little more seriously around here. There are only a few of them and today I want to draw your attention specifically to what is happening in shares of J.P. Morgan. [Read more…]

Pre-FOMC Charts To Watch

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From the desk of Tom Bruni @BruniCharting

Today will be a “big” day for markets as the Federal Reserve will announce their decision on the new target Federal Funds Rate.

Currently, markets are pricing in a roughly 80% chance of a 25bp cut and a 20% chance of a 50bp cut. This means market participants have assigned 0% odds to rates remaining where they are after today’s meeting.

We’ve been pretty clear over the last few months about where we stand regarding the different asset classes, so there’s not much left to do other than wait and see how prices settle by the end of the week.

With that said, here are a few charts we’re watching through Friday’s close.

[Read more…]

Recapping Tony Dwyer’s CMT Presentation

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From the desk of Tom Bruni @BruniCharting

On July 23rd the NY Chapter of the CMT Association had the pleasure of hosting Tony Dwyer, Chief Market Strategist at Canaccord Genuity.

Tony provided an interesting perspective to our Technical-oriented group because while he focuses on Macroeconomic and Fundamental data in addition to Technicals, he emphasized that his approach is always data-based, not opinion-based.

He performs Technical Analysis of Fundamental data.

[Read more…]

Mystery Chart 07-30-2019

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From the desk of Tom Bruni @BruniCharting

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…]

Gold, Silver & Military Fades

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Do you see how stocks and gold can make new highs at the same time? Who said they couldn’t? Why does it have to be one or the other? The current market environment is a great reminder of this. Don’t forget it.

So? Should we expect Gold and Silver to keep going?  [Read more…]

Video: Intermarket Relationships For Interest Rate Analysis

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In this Episode of Allstarcharts Weekly, Steve and I discuss the Intermarket Relationships that help identify the next direction for US Interest Rates. These assets include Regional Bank Stocks, Utilities, Real Estate Investment Trusts, Copper, Gold and TIPS among others. Which way are Rates heading next? [Read more…]

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