These are the registration details for the monthly conference call held for Premium Members of All Star Charts. In this call we will discuss the global market environment and how to profit from it. As always, this will include Stocks, Interest Rates, Commodities and Currencies. The video of the call will be archived in the members section to re-watch any time and the PDF of the charts will be made available as well.

This month’s Conference Call will be held on Wednesday April 17th at 7PM ET. Here are the details for the call:

A beauty chart on monthly, weekly, and daily timeframes is setting up just under a major magnet level; there is an an earnings catalyst on the horizon which may goose the action in our favor quickly; and the premiums are relatively cheap for an upside bet. What's more, the company behind the stock offers us a great opportunity to sleep well while we ride out our thesis. What's not to love?

What stock could possibility offer all this?

This week we have a special guest on the podcast: Eddy Elfenbein of Crossing Wall Street and PM for the $CWS Exchange Traded Fund. This is a show about Technical Analysis so I think it's important to also include some of the masters of Fundamental Analysis to tell us how they find charts and technicals helpful in their process. Eddy is one of the original Financial Bloggers and I have a ton of respect for him and his work. He is a pioneer in both social media and portfolio management. I love how he explains his appreciation for Intermarket Analysis and Relative Strength as useful tools throughout his process. As many of you know, these two are near and dear to my heart so it's cool to see the Fundamental community embracing them in similar ways. This was a fun conversation!

Most of the Commodities and Currencies we track continue to lack a long-term trend, but I want to outline a few charts in the space that are notable right now.

Long-term, we're bullish Equities in India and around the world, but are remaining patient in the near-term due to momentum and breadth divergences we've been seeing across major indexes, sectors, and individual names. It's happening in the US too.

We've been writing about this for a few weeks, so I wanted to follow up today and show the progression of that thesis.

From the desk of Tom Bruni @BruniCharting

Healthcare Providers quickly went from hero to zero in Q4 of 2018 after a failed breakout and bearish momentum divergence, but we're beginning to see signs of a potential mean-reversion over the short-term.

Let's start with Healthcare relative to the S&P 500, which has been unable to find its footing since topping 5 months ago. Prices have now retraced 61.8% of their 2018 rally, which may offer some short-term support and transition the trend from down to sideways.

Click on chart to enlarge view.

The weakest subsector within Healthcare has been Healthcare Providers, but a ratio of the two recently confirmed a bullish momentum divergence and failed breakdown by closing back above 1.85. As long as prices are above that level, our risk is well-defined on the long side for a...

From the desk of Tom Bruni @BruniCharting

New Mystery Chart!

For those new to the exercise, we take a chart of interest and eliminate the x and y-axes and and all labels eliminated to minimize bias. The chart can be any security in any asset class on any timeframe on an absolute or relative basis. It can even be inverted or a custom index.

The point here is to not guess what it is, but instead to think about what you would do right now. Buy, Sell, or Do Nothing?

As long as Mr. Market wants to keep grinding volatility premiums in options lower, we'd be foolish not to be buyers of long calls with expirations 4-6 months out in individual names that are showing signs of upward momentum. Who are we to argue with Mr. Market?

The next candidate on our list hails from the telecom space.

What does it mean when you hear, "Overhead Supply"? How does that help anyone?

The market is a beautiful thing. It's driven by supply and demand dynamics, or buyers and sellers, based on reasons that we don't need to know. I've noticed that the majority of market participants like to worry about the "why?". We choose to worry about the "Where, When and For How Long?". It seems like a much better use of our time, particularly if our only goal is to make money. We're not interested in writing gossip columns.

For me, overhead supply is when there are an overwhelming amount of sellers relative to the amount of buyers around a certain price. Sometimes you get the smartass in the room that says, "Well JC for every buyer there must be a seller". Yes, dummy, but there aren't an equivalent amount of willing buyers and sellers and every price. That's why stocks move.

This is the video recording of the April 2019 Conference Call for Members of All Star Options

Are you guys using Koyfin yet? If not, I suggest you start.

Koyfin is my favorite new financial data and analytics platform. It seems like every day I learn about a new feature that helps me throughout my process. It's so easy to use and everyone I speak to loves the product.

Full disclosure, we're investors in the company. But we're investors for a reason. The product is amazing and I believe founder Rob Koyfman is creating a ton of value to our community, and not just technical analysts but everyone.

Last week I was at the CMT Symposium in New York and had a chance to chat with Rob so he could explain exactly what Koyfin is and some of the new features that they will be rolling out this quarter.

Check it out:

From the desk of Tom Bruni @BruniCharting

Telecom continues to hold up well, sticking with the "reach for yield" theme we've been discussing month in and month out for a while now.

Let's take a look at the ETF and a few individual names we want to be buying to take advantage of this trend.

The "Gap and Go" pattern is popular with intraday and swing traders. It is a situation where a stock gaps higher out of a base (often earnings driven), then punishes the opportunistic faders who are playing for the stock to come back and "fill the gap." The opposite happens, resulting in a slow, painful grind higher hurting all those short holders.

We've got such a situation developing in the semis space, where a slow grind up has beaten all the faders to a pulp and now it appears we might be setting up for one final push to inflict hurt on the final stubborn bears.

"JC I only trade U.S. Stocks" 

"Who cares what Belgium is doing"

"Indian bank stocks? Why are you looking at those?"

Stocks in America don't go up and down because of what is happening in America. Stocks in America go up and down because of what is happening all over the world. This relationship also applies to bonds, commodities and currency markets.

Today I want to focus on what we're seeing globally so we can make much more informed decisions about the current trend. Do we want to be buying stocks or do we want to be selling them?

In today's video I sit down with Phil Pearlman to discuss Phone Addiction. Many of us are unaware and even more people don't even care to be aware. Is it the power that we have in our phones? Or do the phones have the power over us? Phil offers some advice on this front and shares what he's been doing.

One of the most important parts of my process in selecting potential options trades is to assess the current volatility situation. Everything else being equal, I like to put on trades that position myself for volatility to revert to its mean. In other words, if volatility is high and therefore options prices are high, I want to express my directional trade in such a way that it might also benefit from volatility falling back to "normal" levels. Conversely, when volatility is low, I want any position I consider to benefit from a rise in volatility -- if there is one.

There are no free lunches on Wall Street, nor in options trading. But betting on volatility reverting to the mean might be one of the closest things to it. The trick is in the timing.

Of all the most liquid ETFs I track, the one that has been the quietest lately -- in terms of price action and volatility in options pricing -- is the Retail Sector ETF $XRT. In fact, volatility in $XRT is currently at the lowest levels last seen in 2018 before the Christmas selloff. This has given me a wild idea...

From the desk of Tom Bruni @BruniCharting

The market remains a “hot mess", so we’re looking under the surface at breadth and risk appetite measures to identify clues as to the potential direction that this 15-month range will resolve itself.

Today I want to look at one of those measures, Consumer Discretionary stocks vs Consumer Staples.

If you're a long-only fund manager that believes the market is headed higher, you're going to be in more aggressive areas of the market like Discretionary. If you believe the market is headed lower or isn't going to do much, you're going to be in the lower beta, often higher dividend Consumer Staple stocks.

So what's happening in these sectors right now?

The Equal-Weight Consumer Discretionary vs Equal-Weight Consumer Staples continues to struggle with a flat 200-day moving average and confluence of support/resistance, but just made new 6-month highs this week. While this chart still work to do to confirm an intermediate-term uptrend, this is extremely constructive action and is suggesting that risk appetite among market participants is beginning to pick up.

Click on chart to enlarge...