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Alfonso’s Daily Note

Record Week for China

September 27, 2024

Chinese equities are surging like never before in history.

The iShares China Large-Cap ETF $FXI rallied over 18%, marking its best week ever.

We call this a "momentum thrust". Such extreme readings often precede rallies and tend to occur at the beginning of new bull cycles.

Here's the FXI chart with the 1-week rate of change in the lower pane:

As you can see, this is happening after a test of a critical support level, right at a shelf of former lows.

Alfonso’s Daily Note

Silver Is Breaking Out!

September 24, 2024

Precious metals continue to show strength as both gold and silver hit new highs in today's session.

First, it was gold leading the charge, and now silver is making its move.

Let’s take a look at this silver futures chart:

As you can see, silver is breaking out of a multi-year base, with momentum accelerating sharply to the upside.

Alfonso’s Daily Note

Best Trades On The Sheets?

September 19, 2024

It has been a great week in Chicago for the Portfolio Accelerator so far!

The entire All Star Charts team and friends are gathered, analyzing charts, having insightful discussions, identifying trade opportunities and delving into trading psychology.

A main theme from this morning's discussion was the importance of setting aside our home-country bias.

As investors, it's crucial to recognize that there are valuable opportunities abroad that we cannot afford to overlook.

One country in particular that stands out is the MSCI Argentina ETF $ARGT.

Let’s take a look at the chart:

Alfonso’s Daily Note

Gold Continues to Shine

September 12, 2024

Gold has been getting a lot of attention lately as it presses against its highest levels in history.

This is an exciting time to be a gold enthusiast.

Just look at what the price is doing.

Here's a long-term chart of gold breaking out to new all-time highs: