Click here to sign up for our free “Chart of the Week”

All Star Charts

Expert technical analysis of financial markets by JC Parets

Chinese Equities Remain In Focus

by

From the desk of Steve Strazza @Sstrazza

As always, thanks to everyone for participating in this week’s Mystery Chart. Almost all respondents were buyers. A few also mentioned they would only want to be long against potential support at the prior lows which is likely the same approach we’d be taking with a long-term timeframe.

Something we’ve hit on a lot lately which was also a common theme among the Technicians that presented at Chart Summit 2020 last weekend, is that the relative trends that have been in place have more or less remained in place throughout the recent volatility. Check out this week’s podcast episode where JC and I discuss this and other key themes from the conference.

[Read more…]

[Premium] The Inter-Market Signals We’re Watching

by

From the desk of Tom Bruni @BruniCharting

Last week we talked about some of the positives in the market…Copper holdings its low, Tech leadership, etc.

This week we’re taking a look at why this rally is likely a dead cat bounce with some stats.

In this post, we’re going to outline the inter-market signals we’re watching for stocks next move…and why they suggest it’s likely lower.

[Read more…]

[Table Of The Week] The Best Offense Is Playing Good Defense

by

From the desk of Steve Strazza @Sstrazza

The market rallied almost 20% in just three days after making new lows last Monday. Stocks recently sold off in record fashion so it’s no surprise to see them bounce with the same ferocity. But with the VIX still elevated above 50, we’re not out of the woods yet and should expect the swift moves in each direction to continue for now.

Some say we’re in a new bull market, but the charts tell us we’re actually at a logical level for what appears to be no more than a bear market rally to stop and reverse.

Last week we outlined why 170 in the Nasdaq 100 ETF (QQQ) was such an important level of interest if buyers were going to take control of stocks in the near term. Now that they have, we’re looking for sellers to reassert themselves at current levels, which we wrote about yesterday.

[Read more…]

Mystery Chart (03-31-2020)

by

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…]

Defensive Groups Lead The Bounce

by

If you’re one of these people who thinks the lows for stocks are in, which sectors would you expect to be leading the way higher? The big important groups that fell the hardest, and therefore should bounce the most? Probably.

Well, what if I told you that it’s been the opposite.

The leaders off the lows are Utilities, Consumer Staples, Healthcare and REITs: [Read more…]

Chart Summit 2020 Videos

by

Wow what a weekend! Thank you all so much for your support.

We had 10,000 people register for Chart Summit, our Live Virtual Technical Analysis Conference. There were over 30 presentations and we raised over $50,000, just on the first day, to help fight COVID-19. You can still donate here.

We made it really easy to access the videos and organized them so you can go back and watch whenever you want. Just go to Chartsummit.com and click Watch The Videos and you’re on your way! [Read more…]

Chart Summit 2020: Speakers Announced!

by

Are you ready for Chart Summit this Saturday??? I’ve never been more excited to attend a financial conference in my life. And I don’t even have to leave my house!!! And it’s FREE. Are you kidding me?

THIS SATURDAY 3/28 8AM-6PM ET

ALL DAY!

And don’t forget, all donations go to help fight against the COVID-19 pandemic. We’ve partnered with Traders4ACause to put together the greatest financial conference of all-time. DONATE NOW

Check out this list of presenters!

Register Here for FREE [Read more…]

Taking Cues From The QQQs

by

From the desk of Steve Strazza @Sstrazza

This week’s Mystery Chart exercise gives us a nice glimpse into the current sentiment amid the recent volatility, so thanks to all those who responded. The overwhelming majority of you we’re either selling or doing nothing, which comes as little surprise.

Many of you wanted to sell this chart aggressively and even cited the current market environment as part of you’re reasoning. But! The chart was inverted… so all those who were pounding the table to short it were actually buying the Nasdaq 100 (QQQ) relative to the Russell 3000 (IWV).

I’m curious to see how, if at all, this changes your perspective on the chart. Tweet me @sstrazza with your thoughts!

[Read more…]

Recent Posts

Tag Cloud

$AAPL $CL_F $DIA $DX_F $EEM $FXE $GC_F $GLD $IWM $ng_f $QQQ $si_F $SLV $SPX $SPY $TLT $tran $UUP $XLB $XLE $XLF $XLI $XLP $XLU $XLV $XLY djia es_f eurusd ewz fxi fxy gdx HG_f iyt kre mdy rut tnx ung usdjpy uso xlk zb_f zn_f
Real Time Analytics