From the desk of Tom Bruni @BruniCharting
Although most market participants are fixated on the gyrating US equity markets or Italian bond yields, two trade setups have formed elsewhere in the currency markets.
[Premium] Deep Dive Into The Biotech Sector
From the desk of Tom Bruni @BruniCharting
If you’ve been reading our content over these last few weeks, you’ve likely noticed we’ve been performing a lot of deep dives on the sectors we want to be involved in on the long side like Solar, Energy (premium), Retail, and Software (premium). Healthcare in general has been a laggard and the Medical Device space continues to lead, but now we’re seeing Biotechnology start to break out as well. In this post we’re focused on the equal-weighted Biotech ETF $XBI, as the cap-weighted $IBB is lagging significantly and remains weak. This out-performance by the equal-weight sector ETF signifies a broad-based rally is underway, so we’re looking for the best names in the sector to take advantage of this theme.
As the daily chart below shows, the XBI has tried several times over the last six months to clear resistance at its 2015 highs of 91. It’s failed to hold this breakout twice before, but is taking another shot at it. The fact that the broader market has found its footing again should be a decent tailwind for this trend to accelerate and confirm a successful breakout. Our 120 price target for this breakout is approximately 30% above current levels, so in the rest of this post we’ll be looking at some individual names that look poised to lead this sector higher.
Click on chart to enlarge view.
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[Premium] Deep Dive Into Oil & Gas Exploration & Production Stocks
From the desk of Tom Bruni
I know you’re probably tired of hearing this intro over and over again, but to start this post I want to reaffirm that at Allstarcharts we remain in the camp that stocks in the U.S. and globally are headed higher. Normally we focus on the sectors that are leading and making new all-time highs, however, the Oil & Gas Exploration & Production ETF $XOP is breaking out of a multi-year consolidation, signaling a new intermediate or long-term uptrend is beginning. As a result, we want to see which names in this space present the best reward/risk scenarios to take advantage of this thesis. [Read more…]
As It Turns Out, This Is Not The End Of Retail As We Know It
Last summer I wrote a pretty controversial post about the fact that everyone just assumed retailers were all going bankrupt and buying their stocks was foolish. My argument at the time was the exact opposite: I felt that to not be buying retail stocks was irresponsible. Here is that post titled, “Is This Really The End Of Retail As We Know It?”. There many stocks at the time that presented us with well defined risk with rewards exponentially greater than any risk we were taking. That worked out very well for us.
At this point, we’re still hearing this short retail narrative from stock market bears digging for anything they can think of to not admit they were very wrong. You see, that’s the difference between people who make money and those who don’t: the ability to change your mind. Remember, we’re not here to be right, we’re here to make money. Check your ego at the door or this market is going to rip your face off, as it has done to many retail bears.
One of my big arguments at the time was that this “Head & Shoulders Top” that everyone was pointing to wasn’t that at all. I was in the camp at the time, and still am, that this was just a consolidation within an uptrend on its way to resolving higher. Here is what this looked like last Summer, and what it’s done since then: [Read more…]
[Premium] Monthly Conference Call Video Recording May 2018
This is the video recording of the May 2018 Conference Call. After reviewing approximately 5000 charts from all over the world, these are my conclusions.
First of all, there are exponentially more bullish looking stocks than bearish ones. This goes for both U.S. Stocks and those from all over the world. The Credit Markets are confirming this bullish outlook for stocks with risk appetite coming from the largest market in the world. Any volatility in Stocks this year has not spilled over into Fixed Income or Forex Markets, again confirming the lack of risk aversion from institutions.
There are plenty of opportunities to make money this quarter and I tried my best to lay them out in an easy to follow process. Here is the video in full: [Read more…]
[Premium] Deep Dive Into Software Stocks
I am a firm believer that the Stock Market, U.S. or otherwise, is in an uptrend that began in early 2016, or summer of 2016. You can buy me beers one day and we’ll discuss less relevant data points, like this 6 month difference, that dorks like me enjoy arguing about over beers. The point is, however, that this is a new bull market, not a 9-year old one like some people like to tell you.
So if we’re in a bull market, then consolidations within this uptrend should resolve in the direction of the underlying trend, which is up in our opinion. The first industry group to break out from this consolidation the past couple of months and make new highs is Software. It’s a major standout guys and we need to pay attention. So here’s a breakdown of the sector components and which ones we want to be buying right now. [Read more…]
[Premium] Members-Only Conference Call Tuesday May 15th at 7PM ET
Every month I host a conference call for All Star Charts Premium Members where we discuss ongoing themes throughout the global marketplace as well as changes in trends where new positions would be most appropriate. This includes U.S. Stocks & Sectors, International Stock Indexes, Commodities, Currencies and Interest Rate Markets.
The new volatility regime in 2018 has caused many to question the uptrend in stocks that we’ve seen the past couple of years. In this call we will go over all of the markets around the world including intermarket relationships that help us identify whether risk appetite overwhelms any risk aversion we’re seeing from institutional investors. On Tuesday, we’ll focus on the strongest sectors and strongest stocks that we believe will be leaders during the next leg higher throughout the rest of 2018.
This month’s Conference Call will be held on Tuesday May 15th at 7PM ET. Here are the Registration Details: [Read more…]
[Premium] Cryptos Are All Breaking Out Of Downtrends
When I go through charts of the most popular crypto currencies, it’s hard to ignore the fact that we’re seeing prices breaking out above downtrend lines from their respective highs. Go one by one, we’re seeing it all over.
So what does that mean? Should we be buying all the crypto currencies right now?
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