This weekend was our second annual Chart Summit. I still can't believe all the amazing feedback that continues to come in after this event. Thank you all from the bottom of my heart, both the presenters and the audience members. I didn't think we could make something even better than the original, but I think based on the responses, we may have actually pulled it off. Wow!

Our video production folks are hard at work putting all the videos together, but I've picked out the ones I did so I can share with all of you as soon as possible. The rest will be out this week.

On Monday, I shared the video of the first presentation I gave which was about my process. You can watch that here. In this next video, we take all of those tools and techniques I explained in Video 1 and apply them to the current market environment. Here you will see me walk through the top/down approach using...

It's hard to ignore a sector that is breaking out to new highs, especially when it's something that it hasn't done in a long time. Biotechnology has been a laggard for years. If we've wanted to be in healthcare, it certainly has not been in Biotech or Pharma, it's been Medical Equipment stocks. But it's 2018 and times are changing.

Today we're looking at breakouts in both the Equally-weighted Biotechnology Fund $XBI and the Cap-weighted Biotechnology Fund $IBB. Because of the very different composition of the two sector funds, we want to make sure to always watch the behavior of both. The $XBI tells a better story of the sector because it is not dominated by the big names like Amgen or Gilead. But at the same time, we're not going to just throw out the fact that $AMZN is a huge component of the Discretionary space, for example. So I think it's important to always keep an eye on both the cap-weighted and equally-weighted sector indexes.

One of the most recent developments that stands out among the sector rotation that we're seeing is the strength in IT Stocks. We're seeing a breakout on the NIFTY IT Sector Index and we're seeing that IT Sector Index breaking out relative to the NIFTY500. So in other words, we're seeing massive breakouts on both an absolute and relative basis. Those are characteristics of uptrends, not downtrends.

Today we're focusing specifically on the NIFTY IT Index and how it's doing compared to the rest of the market. You can see here how the NIFTY IT Index is breaking out to new all-time highs and now holding above the former highs from 2015. If we're above that former resistance we want to be very aggressively long IT Stocks:

We are getting the breakouts we've been looking for in the IT Sector. We're not just seeing it in the sector itself, the breakout is coming on a relative basis as well. The IT Sector has been a terrible underperformer the last several years. In fact, it peaked relative to the rest of the market in 2014, over a year before it peaked on an absolute basis. It's 2018 and things are different.

Today we're taking a look at the IT Stocks in India and which ones we need to be buying. 

Biotechnology has not been something you've been hearing me pound the table about for a long time. I was a huge Biotech bull in 2015, but this has not been something we've wanted to be involved with much since. The biggest reason is for the dramatic under-performance. The winning areas have been in Technology, Industrials and Financials, not Biotechnology. If we've wanted to be in healthcare at all it's been in the Medical Device and Equipment stocks, not Pharma or Biotech.

It's 2018 now and things are changing; sectors are rotating. We're seeing strength in Energy, Materials and really just Natural Resources in general. Canada and Australia breaking out finally points to strength in that area as well.

Today we're going to talk specifically about Biotechnology and if/where we want to be involved. 

This weekend I hosted the 2nd annual Chart Summit, a virtual technical analysis conference that is free for everyone and anyone to attend. It all started a year ago when I got a bunch of really smart friends together on a Saturday to share their process with the world and their thoughts on the current market environment. It was such a success that we may have accidentally created the greatest Technical Analysis Conference of all time, and it was FREE. You can still watch the videos of those presentations on the original Chart Summit 2017 page.

Our presenters this year didn't skip a beat. They took it right from where we left off last year and killed it in Chart Summit 2018. I know I personally learned a lot, and based on the emails and comments that seems like a pretty universal feeling among the audience. We had fun and we got different perspectives about market behavior from a variety of approaches. That's what it was about. I was blown away by some of the presentations. It was awesome!

I didn't know how much time I would have for some of my own...

Register here for our live monthly conference call for Premium Members of All Star Charts India.

January's Strategy Session will be held on Tuesday, February 2nd at 7 PM IST. As always, if you cannot make the call live, the video and slides will be archived and published here along with all of our past conference calls.

Here are the details for Tuesday:

If you look through all of the commodities on the Multi Commodity Exchange of India I think you'll find more opportunities today than at any point in the past year. I'm finding the best risk vs reward propositions in the metals and energy space specifically, not just in India but all over the world.

Today we're taking a look at Gold specifically because I think it offers one of the best risk vs reward propositions on the entire exchange:

Life is not just about stocks! There are plenty of opportunities in the commodities market and I think today is no different. In fact, we're seeing more ways of making money on the commodities exchange in this current market environment than we have throughout the past year.

Today we're diving into the MCX to isolate only the best risk vs reward opportunities. These will all be added to the Chartbook in the coming days/weeks. Here are my notes and trade ideas for now:

One of the things that often gets underrated is the power of simplicity. What's wrong with only looking at price and focusing in only on what matters most? I get that you love your moving averages and candlesticks and all sorts of momentum indicators. But the most important indicator is still price. So that's what we're going to look at today using OHLC Bar Charts.

I get asked all the time, "JC why should I care what's happening in Finland or Canada if I'm just trying to make money in stocks here in India?"

This is certainly a valid question and one that I think we need to address here before moving any further. Let's remember that this is a "market of stocks" and not just a "stock market". In other words, while things like the NIFTY50 and the S&P500 are indexes and a good gauge for the health of the overall market, there are many individual components that make up these averages. Oftentimes, that gets lost in the shuffle.

To add to this thought, let's also remember that "Stocks" as an asset class are represented by companies all over the world in many different countries. These countries' stock market averages tend to move in sync. In other words, the S&P500 is not going up or down because of what is happening in America. It is going up despite what is happening in America and in a solid uptrend along with the rest of the world. I can make the exact same case for the NIFTY50 and stocks in India. They have not been rallying simply because of what is taking place within the borders of...

When you rip through 5000 charts a week you start to notice a few things. One thing that has caught my attention recently is the fact that there stocks just now breaking out of 20 year bases. These aren't some irrelevant micro-cap companies either, these are stocks that are literally representing some of the most important industries in America. It's hard to ignore these developments and I think it points to further strength in the U.S. Stock Market this year.

Stocks aren't breaking down from major tops. We saw so much of that happening throughout 2007 that it became almost impossible not to be short equities in 2008. Today we are still seeing the exact opposite: breakouts from major bases, multi-decade bases in some cases. Today I'm going to point out 3 very important stocks that are just now coming out of historic consolidations.

Chart Summit 2018 is finally here. We could not be more excited for this event after the unbelievable experience we had last year! In January of 2017, I called up a bunch of my smartest friends and put on the first ever 100% virtual conference on Technical Analysis, and it was FREE! We had over 10,000 attendees from over 100 different countries. The feedback I received immediately after the event was like nothing I had ever seen before. I couldn't believe it.

If you missed last year's event, you can still watch the videos of those presentations here and I highly encourage you to do so. We had traders like Peter Brandt, Brian Shannon and Joe Fahmy explaining their approach and best ideas. Top Wall Street Analysts like Ari Wald, Jonathan Krinsky and legend Gail Dudack showed the world how they look at markets and what sorts of things they were showing their buy side customers at the time.

This was an amazing event from an educational perspective, but also provided the audience with very actionable market commentary. This year, we are...

When an asset class is in a bull market, it not only goes up in value, but it also outperforms other asset classes. So it's not just about the absolute performance, but about the relative performance as well. When stocks are going up, they'll outperform things Bonds or Gold, for example. In emerging stock markets, it's no different. When stocks in India are outperforming US Stocks, that is when I consider the bull market to be in full stride.

Today I want to point to an important development in the NIFTY50 relative the S&P500. This is how we can see if stocks in India are in a real uptrend, or just a market rising with the tide. 

All-time highs across the board in Small-caps these days. Some are in shock. I personally just don't understand why stocks that are in uptrends going up is anything outside of perfectly normal? I would argue that any other result is what we should consider unusual. If the market teaches us one thing is that trends are much more likely to continue than to completely reverse.

In September I put out a post about small-caps breaking out of year long bases. If you recall, at the time, the sentiment around the market was about how high stocks were and how they could not go much further. My argument at that point was the exact opposite. Small-cap stocks had done nothing for an entire year. To suggest the stock market was too stretched was irresponsible, in my opinion. Not only did we want to be long stocks, we wanted to be "very aggressively long" equities.

This week has been an incredible experience in India! If you had the chance to make it to my presentation at Bloomberg in Mumbai Thursday I really do appreciate you coming. I may be the one presenting my thoughts on local markets, but trust me, I'm the one winning at the end. The conversations and interactions with traders here has been extremely eye opening and educational. This is how I learn - by talking with people smarter than I am. It's not hard to find that around here. So from the bottom of my heart, thank you!

Many of you have asked for the slide deck from the presentation so here you go:

This week has been an incredible experience in India! If you had the chance to make it to my presentation at Bloomberg in Mumbai Thursday I really do appreciate you coming. I may be the one presenting my thoughts on local markets, but trust me, I'm the one winning at the end. The conversations and interactions with traders here has been extremely eye opening and educational. This is how I learn - by talking with people smarter than I am. It's not hard to find that around here. So from the bottom of my heart, thank you!

Many of you have asked for the slide deck from the presentation so here you go:

Every month I host a conference call for All Star Charts Premium Members where we discuss ongoing themes throughout the global marketplace as well as changes in trends where new positions would be most appropriate. This includes U.S. Stocks & Sectors, International Stock Indexes, Commodities, Currencies and Interest Rate Markets.

We've been extremely bullish towards US and Global Stocks as they remain in strong uptrends on any sort of intermediate-term time horizon. I still think this is an environment where we need to be buying weakness in stocks, not selling strength. The weight of the evidence is still pointing to an increased amount of risk appetite, not risk aversion. We will go over a multi-timeframe approach on this conference call where we will start with the longer-term and then work our way down to more short-term to intermediate-term investing ideas. This will also include other assets like the US Dollar, Euro, Gold, Silver, Crude Oil and Interest Rates.

I'll do my best to lay out my weight of the evidence conclusions and walk you step by step with how I got...

Joe Fahmy is a trader whose work I've respected for nearly a decade when I was first introduced to him and his investing style. What makes Joe special in my opinion is his awareness of when to press his long positions and be aggressive, while at the same time incorporating a more neutral or defensive approach whenever the market dictates. This discipline is not always easy, but he does it well. Joe and I have known each other for a long time and the conversations we've had over...

It's a new year and we're already starting to see brand new trends emerging. One area that I've preferred to stay away from for a long time has been the energy and natural resource space, which just so happen to be 2 of my favorite areas to be long heading into 2018. Today I want to point out the major reversal in Natural Gas stocks that I believe will catch many by surprise as we progress into the first quarter and likely beyond.

Natural Gas stocks? When was the last time you heard me talk about those?? There is a time and a place for everything. We've discussed the relative strength in Energy stocks as a group lately and have pointed out some interesting opportunities, particularly in the Oil Refinery space, Valero especially. That has worked very well in our favor the past few months.

But moving forward I think there are some extremely favorable risk vs reward scenarios within the Natural Gas stocks as well as all of them as a group.

We're finally here! Allstarcharts India is now available to everyone and anyone interested in the share market of India. This has been one of the most incredible experiences of my life - learning about Indian markets, the people and the culture. I am currently here in Delhi and will also be traveling to Mumbai to both celebrate the new launch and to continue my pursuit of knowledge and experience. I will be giving a live presentation at Bloomberg in Mumbai Thursday January 11th and you can register for that here if it's not already filled up.

The New Allstarcharts India can be found at Allstarcharts.in and is now the go-to research platform for anything Indian Securities. I am very lucky that I was able to build a massive global community simply by starting a blog 7 years ago and sharing my ideas on social platforms like Twitter, Stocktwits and LinkedIn. I went from wondering if anyone was listening or whether they even cared, to HODLing as subscribers from all over the world piled in to read my...