Expert technical analysis of financial markets by JC Parets
by Tom Bruni
From the desk of Tom Bruni @BruniCharting
Cryptocurrencies are back on our radar for the first time in a while…but we’re not talking about Bitcoin, which remains stuck below a year of overhead supply.
Instead, our focus is on Ethereum, which is breaking out on an absolute and relative basis.
Let’s get into it.
JC’s been pounding the table to me about Abbott Labs $ABT for a couple weeks now.
I’ve been slow playing it, waiting for some new highs. We’re getting them now. It’s time to get involved.
The base $ABT formed over the last three months is a thing of beauty. And the fact that it’s in a hot sector and printing new all-time highs is only sweetener. Then when you add in the fact that options premiums are at the lowest levels since March and I’m starting to get pretty excited. [Read more…]
by Tom Bruni
This is the video recording of the July 2020 Conference Call.
by Tom Bruni
From the desk of Tom Bruni @BruniCharting
Last time we wrote about Canada, our primary focus was on the breakouts occurring in many of the Gold Miners.
This time, we’re looking for stocks displaying long-term trends of absolute momentum and relative strength…and we’re buying them.
Let’s get into the charts.
by JC
Historically, new 52-week lows are not a characteristic of an uptrend. These are things we see when the asset in question is under pressure. With the Dollar Index continuing to sell-off, what are some of the broader implications?
What will this mean for the relentless uptrend in precious metals? What will it mean for Emerging Markets stocks?
First, here’s the chart of the US Dollar Index making new 52-week lows yesterday: [Read more…]
by Tom Bruni
From the desk of Tom Bruni @BruniCharting
We haven’t taken a look at the Marijuana sector in a while, so today I’m going to review where the sector stands on an absolute and relative basis…and which stocks we’re buying (if any).
Normally I’d have a pun or two here, but I’ve decided to take the high road and focus solely on the charts this time.
by JC
These are the registration details for the live monthly conference call for Premium Members of All Star Charts.
This month’s Conference Call will be held on Monday July 20th at 7PM ET has been changed to Tuesday July 21 at 7PM 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 Tuesday: [Read more…]
by JC
On this week’s show, I walk Howard through how to order my favorite pizza online and we discuss the price action in $TSLA and what that means for both the stock and the company.
This was fun. Check it out: [Read more…]
