For newer members I want to give a little bit of background on the 2016 Crude Oil Trade. Back in February our line in the sand was $29.60 based on multiple key Fibonacci extensions clustering together near that level. We wanted to be aggressively long...
Relative Strength is something that I take very seriously. When markets are falling, we want to look for stocks holding up the best. That is what we call relative strength and tends to lead us towards the future leaders for ensuing rallies. It's the...
One of the most valuable exercises throughout my process is going through every single country around the world looking at both weekly and daily charts. One by one I make my annotations and take my notes. This is certainly time consuming, but the...
Last week I shared a chart with you guys where I purposely left out the ticker symbol and y axis. The reason I post these mystery charts every now and then is to eliminate...
One of the most valuable tools we have as technicians is the ability to go through every single stock in the Dow Jones Industrial Average and every sector and sub-sector in the S&P500 so that we can weigh all of the evidence. It might take some...
Every now and then I throw out a mystery chart just to get us thinking. Not knowing what a chart represents helps eliminate biases and any ideas we may already have in our heads. Today we are looking at what I think is one of the more interesting...
Every 2 weeks I sit down with the good folks at Benzinga to chat about the markets on their morning radio show. Today we went over why we want to be shorting stocks. We also talk about what this rally in Japanese Yen means to the U.S. and Japanese...
I think the bull case for the stock market starts with the European banks. When you talk about bull markets and uptrends, financials need to participate. There's no way around it. If you have European banks crashing to new multi-year lows, it's hard...
I'm a finalist at this year's Benzinga Fintech Awards in NYC! It's a huge honor to be included among some of the most innovative companies in the world today. This Awards Gala focuses on Fintech and we are up for Best Trade Ideas Research. I put in a...
Every month I host a conference call for All Star Charts Members where we discuss ongoing themes throughout the global marketplace as well as changes in trends where new positions would be...
When we talk about the most important developments in the world today, we need to define who we are and why this is the case for us. We are market participants who have only one goal: to make money in the market. There are many others out there who...
The debate about whether Amazon is in the Technology Sector or the Consumer Discretionary sector is really a pointless one. It isn't anyone's opinion that Amazon is in the Consumer Discretionary Sector. Amazon IS in the Consumer...
The Stock Market has gone no where in 6 weeks since we originally wanted to take profits on all of the long positions we were laying out in late January and early February. During this period of no advance, we have seen a massive deterioration in...
Strength across the commodities complex has been a significant theme throughout 2016, but Feeder Cattle has not participated to the upside at all this year. It currently sits at near...
As we all know, the S&P500 is a cap-weighted index. In other words, the largest companies by market capitalization (AAPL, XOM ,MSFT, FB etc) represent the largest percentage weighting in the index. The bigger the company, the more important it is...
There has been a lot of talk about how the recent rally has been accompanied by a dramatic improvement in market breadth, so I took the time to see if the data I track supported that...
Contrary to popular belief, we're not here to be right. We're only here to make money. As market participants, we're not journalists or economists or side analysts. It's their job to be "right". So when they're wrong, they like to call it a "revision...
Every 2 weeks I sit down with the good folks at Benzinga to chat about the markets on their morning radio show. Today we went over why I still think a more neutral to bearish stance is best tactically in U.S. Stocks. We also talk about this rally in...
