We’ve done the homework. New All-time highs are NOT a characteristic of a downtrend. Go back and check for yourself. I was just listening to the great Brooklyn poet Shawn Carter who inspired the headline. It’s true. This is not a bear market, by definition. So should we be looking for stocks to sell or should we be looking for stocks to buy? [Read more…]
Copper and Emerging Markets Are The New Hotness
Have you noticed that with Tech and Software and other areas grinding sideways or lower, we’ve seen a consistent bid in Emerging Markets? Have you looked at Brazil lately? The last thing stock market bears want to see is rotation into these serial underperformers.
I don’t think this is a tiny story either. I think there is a much bigger theme going on here that would be irresponsible to ignore. First of all, let’s make something clear. Copper prices and Emerging Market stocks move together. You can’t argue with me on this one.
Copper doesn’t move with the “economy”. Copper doesn’t move with the S&P500. Copper is not a “Dr.” of any kind. Copper moves with Emerging Markets. Period:
[Read more…]
How Do America’s Biggest Stocks Look?
If we want to know what the largest institutions in the world are doing, we have to look at the biggest stocks. If you have 100 Billion Dollars to put to work, you’re not buying crypto currencies or pot stocks in Canada. The big boy sandbox is where we want to look.
My friend Todd Sohn says that your best players are supposed to score a lot of your points. The S&P500 is a cap-weighted index, which means that it owns more of the stocks performing well and less of the ones doing poorly. [Read more…]
[Premium] Monthly Conference Call Video Recording October 2019
This is the video recording of the October 2019 Conference Call.
We Want To Be Buying Stocks
This is my favorite time of the month – preparing for our Live Monthly Conference Call. It really gives me an opportunity to gather all of the evidence, put my thoughts and ideas down on paper and then explain it all in under an hour. It’s all pretty awesome!
In this call we talk about the US Stock market and where it fits within the Global Market complex. Throughout this process we’re also analyzing the commodities, interest rates and currency markets that apply to each country. Only then do we break things down to individual sectors and their sub industry groups to finally find the best stocks to express a bigger thesis.
We call this the top/down approach and I’m pumped to go through it all on Tuesday’s Call.
Over the weekend I was going through all of the International Markets and could not help but noticed the strength popping up all over the world: Japan, Brazil, Europe and more recently Taiwan. One chart that really stood out was the Global Dow Index. I don’t know why I don’t see more people talking about this one.
It’s a hidden secret I guess and even Strazza makes fun of me because he says I’m the only one who talks about the Global Dow. Look at the components. It’s an important list, and probably weighted pretty well, if you ask me: [Read more…]
Video: The Global Breadth Expansion Continues
In this Episode of Allstarcharts Weekly, Steve and I are focused on expansion of global breadth. We’re seeing more and more countries around the world breaking out to new 52-week highs. This week the Global 100 Index is making new highs and now Taiwan has also joined the group with Brazil and Switzerland who were already doing so. With Sweden and Japan right there near highs as well, the breadth expansion continues, not the deterioration that the bears are preaching. It’s hard to be bearish equities if the Dow Jones Industrial Average is above 27,000 and the German DAX is above its 2015 highs. Those are the key levels we’re watching. But breadth is expanding, not deteriorating. That’s for sure.
[Read more…]
NIFTY 50 Is Heading To 13,000
The trend for NIFTY stocks is up. That has not changed. Like many stocks and indexes around the world, NIFTY been mostly stagnant since early 2018. Unlike most stocks and indexes, however, NIFTY has managed to put in higher lows and higher highs along the way. So it’s not just a consolidation.
I do believe NIFTY resolves this consolidation higher and heads up towards 13,000 – this is the target: [Read more…]
Look At The Dow Jones Averages As A Group
One week it’s the Dow Jones Utility Average pulling the weight. This week it was the Dow Jones Transportation Average up over 2% while the Dow Jones Industrial Average was basically flat. It’s always one of them, which is why the Dow Jones Composite Average, the combination of all of them, continues to hold up so well. Remember the DJ Composite has 65 stocks, 30 from the DJIA, 20 from the DJTA and 15 from the DJU. The Dow Jones Composite Average went out at new all-time monthly closing highs just a few weeks back. Our bet is that this uptrend continues.
Here is a weekly chart of the Dow Jones Composite. These are the types of charts we want to be buying, not selling: [Read more…]
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