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All Star Charts

Expert technical analysis of financial markets by JC Parets

All Star Interviews Season 2, Episode 10: James Bartelloni, The Intermarket Musician

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This is a special episode for me. James Bartelloni, CMT was one of my early mentors in the field of Technical Analysis. It’s a treat to be able to have him join us on the podcast. What I like about Bart is that every time we chat, he gets me thinking about something new. He looks at the market in a different way than most market participants. His risk management techniques include sacred geometry, musical notes and lunar cycles, among others. It’s always an interesting conversation with Bart, the editor of the blog BartsCharts.com. If this episode gets you thinking differently and gets you a bit out of your comfort zone, mission accomplished! [Read more…]

[India] Financials And Smallcaps Will Drive Market Direction

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Last Monday we discussed our thesis for a bounce in Indian stocks and by Friday we were talking about how to manage those trades so that we could avoid letting winners turn into losers.

Now that we’ve gotten a decent bounce, many are asking what the next directional move in the market is going to be. In this post we’ll outline why we think that Financials and Smallcaps are the areas to watch for clues.

[Read more…]

Preserve Your Capital: Both Money and Mental

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Well, here we are folks… Election Day.

Depending on who you talk to, today could be “the most important mid-term election of our lifetime.” (aren’t they all?)

All the hype. All the buildup. All the angst.

Regardless of the outcome, it’s possible U.S. stocks can experience outsized and emotional moves. We all remember November 2016 when final voting tallies were coming in and overnight futures were signaling the end of times, all trading limit down. Every market participant was scared and likely had a sleepless night. And what happened when they rang the opening bell? [Read more…]

Is It Time For Uranium Stocks To Break Out?

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There are assets out there that have a lower or no correlation with the rest of the U.S. Stock Market. These investments are really helpful, but even more so when we’re looking for stocks to buy in an environment where we think most stocks keep falling in price. One of these less correlated areas is the Uranium space.

Investors in Uranium stocks over the past 7 years have been some of the worst stock market investors in the world during that period. Think about this, Uranium investors have performed even worse since 2011 than gold and silver investors! That is saying a lot. We’ve already been buying precious metals stocks the past couple of months so it seems like rotation into the worst of the worst areas is happening in unison. [Read more…]

Baseball, Patience and Preparation

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It’s easy to say. You hear it all the time. That word, “Patience”.

How many of us actual put this into practice? It isn’t easy. We’re an instant gratification society. How happy does it make you feel when someone ‘likes’ a picture of your kid, or the beach selfie you took over the weekend. Traders get similar dopamine kicks when we enter a trade, and that soothing bling sound on the computer goes off, almost as a reward for entering the trade. You notice how those post trade sounds are never something ugly and nasty like the sound of a car accident or something horrible. It probably should be, because that trade you just put on is most likely going to lose you money. That’s not blingy like the default audio settings on your trading platform are suggesting.

The point is that in both markets and in life, I think we need to recognize what is just making us happy today vs what will make us happy in the future. Temporal Discounting is what the behavioral finance people call it. Who are you trying to make happy – the JC now or the future JC? I think it’s important to approach both life and the markets by proposing this question. [Read more…]

Managing Winning Counter-Trend Trades

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Counter-trend trades are lower probability by nature, which means risk management is vital both when they work and when they don’t. Taking the loss and reevaluating when the trade thesis is invalidated is something most traders think about, but managing risk on a trade that begins to work right away is just as important and not discussed as often.

Today I want to look at the importance of managing positions that begin working right away, so that we can avoid winning trades turning into losers.

[Read more…]

[Free Chart of The Week] Smallcaps Finally See Some Relief

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Small-caps have been lagging for most of the year with that trend really accelerating in May, posing a major headwind for the broader market. One thing we were looking for before putting cash to work on the long side was a sign(s) of risk appetite for stocks, which we’re seeing for the first time in a while. The question now is will it last and how does it affect our portfolios?

[Read more…]

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