Daily charts get a lot of love. I certainly preach the value of monthly charts every 30 days or so. But the weekly charts, ladies in gentlemen....the Weekly Charts, allow us to see through the day-to-day noise, but keeps us within an intermediate-term...
In this Episode of Allstarcharts Weekly, Steve and I talk about how important it is for Transports, Small-caps and Micro-caps to hold above their August lows. This is a major risk...
The headlines certainly haven't been kind to any stock whose company does business in China. You wouldn't be faulted for being cautious in this space. That said, there is one very familiar name that in spite of it all has continued to hang in there,...
Today we're taking a look at an index that often gets ignored. The Value Line Geometric Index is currently flirting with a multi-decade breakout. This is an equally weighted index using a geometric average, so the daily change is closest to the median...
It's my favorite exercise each month. There is nothing else I do throughout my entire process that provides as much value as my Monthly Chart Review. Here's what stood out to me this month:
Let's start with Papa Dow. The Dow Jones Industrial...
It's that time of the cycle where we begin to evaluate our open positions that are soon expiring. We had a number of September expiration trades that have already closed -- either because their profit target was achieved ($XLB $XLE) or their stop loss...
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...
In this Episode of Allstarcharts Weekly, Steve and I talk the relative performance of stocks. When assets are in strong uptrends, they not only perform on an absolute basis, but...
When I go through my charts, I see all kinds of different trends, patterns and consolidations around the world. It really depends on what I'm looking at. However, one area that has been a consistent outperformer is in Medical Device stocks. The way I...
This week I've seen a chart of High Yield relative to Investment Grade Bonds floating around with various conclusions, but I wanted to use this to highlight some things to consider when using...
Assets in the strongest uptrends not only do well on an absolute basis, they tend to outperform relative to their alternatives as well. In the case of the S&P500, with new all-time highs last month, we've just seen lower highs relative to both...
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...
Here is the video from my BNN Bloomberg interview this week. They asked me if I thought the media was making too big of a deal out of an inversion of the yield curve and I agreed that of course they did. That's what the media does, irresponsibly...
What is the best chart in the world right now? I don't know. I guess that really depends on your time horizon, risk tolerance and overall market goals. These are different for all of us.
Today, I want to share what I think are collectively...