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...

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...

I finally made it to India! I've been working on coming out here for a long time, but you know, life gets in the way. I've made an effort in the past year to travel, particularly to Asia to learn more about the culture, the people and the financial markets. Since last February I've traveled to Hong Kong, Singapore, Kuala Lumpur, Tokyo, Taipei and Philippines. It's easy for me to give a presentation and talk about what I'm seeing in the market. I've done that pretty much every day for as long as I can remember. Where I win is in the conversations I have prior to my events, and more importantly afterwards over cocktails and delicious food.

To be honest, what inspired me to travel and learn from other markets was India. Long story, but India was the first place I wanted to go to and learn and talk about markets. But as it turned out, it took me longer to get here than I would have wanted. But hey, I'm here now and that's what matters.

So why am in India? Well, the easy answer is why wouldn't I be in India? Have you looked at these markets? They might have more sectors than the United States, but the similarities in Sector Rotation, momentum, relative strength and...

I finally made it to India! I've been working on coming out here for a long time, but you know, life gets in the way. I've made an effort in the past year to travel, particularly to Asia to learn more about the culture, the people and the financial markets. Since last February I've traveled to Hong Kong, Singapore, Kuala Lumpur, Tokyo, Taipei and Philippines. It's easy for me to give a presentation and talk about what I'm seeing in the market. I've done that pretty much every day for as long as I can remember. Where I win is in the conversations I have prior to my events, and more importantly afterwards over cocktails and delicious food.

To be honest, what inspired me to travel and learn from other markets was India. Long story, but India was the first place I wanted to go to and learn and talk about markets. But as it turned out, it took me longer to get here than I would have wanted. But hey, I'm here now and that's what matters.

So why am in India? Well, the easy answer is why wouldn't I be in India? Have you looked at these markets? They might have more sectors than the United States, but the similarities in Sector Rotation, momentum, relative strength and...

While we always incorporate a top/down approach to markets, we ultimately end up with individual stocks ideas with favorable risk vs reward propositions skewed in our favor. That's the point of all this. As you can see here, we first start with the major Indexes, then work our way down to individual sectors and industry groups, and finally to the strongest stocks within the strongest sectors to find buying opportunities.

Today we are looking specifically at the Bank stocks within the NIFTY50 Index. Not all of them are good buying opportunities but there are a handful of them that I think we need to be buying on weakness.

We don't just want to look at one index when we make decisions about the risk appetite for stocks in the current market environment. The idea is to look at all of them collectively. All of the Indexes in India can be found in the Chartbook updated on a regular basis with comments and annotations.

Today I wanted to point out the strength that we're seeing in one Index that stands out compared to what we're seeing in another. The focus of this post is in the value of the NIFTY NEXT 50 compared to just looking at the NIFTY 50 in isolation.

This is a new year with fresh opportunities to buy some things and short others. It's a two way market. Anyone who has been sitting in Gold over the past 4 years is frustrated. If you've been in Gold the past 18 months, it must feel even worse. You could have pretty much bought anything else and done well: Stocks, Energy, Crypto. There is a lot of pent up pressure in the Gold market.

I've been in the camp that Gold has either been a stay away or a short. This has gone on for the past 18 months since our upside targets were hit. It's worked out relatively well for a long time, particularly the stay away from piece of that. The opportunity costs of being involved in this space has been off the charts.

I have to weigh all of the evidence as it comes in and isolate only the best risk vs reward opportunities regardless of the direction. Based on the overwhelming amount of positive momentum in gold, other metals and mining stocks, combined with...

We want to go into 2018 forgetting everything we thought we once knew. The process of approaching every market with an open mind is something that I think is very important. Our goals of profitability need to outweigh any emotions driven by ego.

I've been very critical of Gold, Silver and Precious Metals stocks since the Summer of 2016 when they hit the upside objectives we gave them earlier that year. Since then, it's been a sideways mess, with fast moves lower and abrupt mean reversions higher. These are characteristics of messy markets, not trending ones like U.S. Stocks were for example since, coincidentally (I doubt it) that Summer of 2016.

Today we're going to go over the best risk vs reward propositions in the Gold market as we enter 2018:

Scott Redler has been trading for almost 20 years. He's been through the ups and downs in the market on a daily basis and that is something I have a tremendous amount of respect for. Not many people can say this and still be alive and doing better than ever. I'm happy for him and could not be more thrilled to have him as a guest on the podcast. Today Scott is the Chief Strategic Officer at T3 Live where he gets to trade throughout the day as well as share his ideas...

As many of you already know, I do a lot of work on stock markets all over the world. It's part of my weight-of-the-evidence approach, but it also gives me the opportunity to learn from investors and traders who come from completely different cultures and bring a unique perspective. How else can we learn if not by exposing ourselves to new things?

Recently I was going through my India Nifty workbook where I keep all of my notes on the India Indexes like the NIFTY50, NIFTY500, NIFTY100, NIFTY Mid-caps, etc. It's a very similar workbook to the one I keep for the United States where I include the S&P500, DJIA, Russell2000, etc. I consider all of this to be the "top" of my top/down approach to equities. We start with the indexes, work our way down to the sectors and industry groups and ultimately to the individual stock level.

The NSE, or National Stocks Exchange of India, has this Index that they call the NIFTY NEXT 50. This index represents the next 50 companies that are not part of the NIFTY50, but still within the NIFTY100. What I noticed last week was that the NIFTY50 was hitting our upside objectives, while the NIFTY NEXT 50 was already in the process of...

We want to approach the market from the top/down and look at it from different perspectives. Today I want to point to two indexes in particular that tell two separate stories but each suggests higher prices are coming for stocks in India.

There are many different Indexes representing equities in India and they are each part of a group of stocks that share common characteristics. The idea is to look at all of them and use each one as a piece of a giant puzzle.