The Origins of All Star Charts with Founder J.C. Parets

This weeks episode is a big one. Jeff Carter is joined this week by the founder of All Star Chart, J.C. Parets, for an in-depth discussion of technical trading analysis. J.C. is one of the most widely followed analysts and his insights could change your trading approach.

Today’s guest is certainly something special. If you’ve been in the trading industry for very long, there’s no doubt you’ve heard the name  J.C. Parets before. J.C is the founder of All Star Charts, one of the most widely followed technical analysts in the industry. Jeff and J.C. cover a wide variety of topics from baseball to chess to wine while breaking down some of the most spot on technical analysis of the markets you’ll ever hear.

However, before all that talk, Mark Meadows is back this week with his MARKet Reactions from last week. Lastly, July was  TopstepTrader’s 7th birthday! We’re going to be celebrating the only way we know how: by giving you all some amazing gifts! So join us for the celebration and stayed tuned for more info about our birthday extravaganza!

Have thoughts about this episode? Don’t forget, we want to hear from you! We’re rolling out a new call-in line for listeners of the show, so be sure to give us a call at 855-902-0331 and let us know what’s on your mind.
  • [00:42] - This week: J.C. Parets
  • [01:07] - TopStepTrader 7th Anniversary
  • [01:53] - MARKet Reaction with Mark Meadows
  • [03:04] - J.C. Parets introduction
  • [03:39] - Jeff Carter Interview with J.C. Parets
    • [03:56] - All Star Charts
    • [04:57] - So you grew up in Miami?
    • [06:16] - How did being a pitcher inform your approach to the markets?
    • [07:24] - Pitching is a chess game
    • [09:07] - Did the discipline that you had to have pitching carry over to what you do today?
    • [10:38] - How did you get interested in finance?
    • [11:17] - Majoring in accounting
    • [12:51] - Josh Brown of Ritholtz Wealth Management
    • [13:17] - Were you in the wealth management part of Merrill Lynch?
    • [13:48] - With an accounting background you can understand the guts and glue of the business
    • [15:38] - What is the difference between asset classes when using technical analysis?
    • [15:54] - John Murphy, the father of inter-market technical analysis
    • [17:39] - What sort of indicators do you look at to see the capital flows? 
    • [20:08] - When you see an indicator on a chart like that what is the period of time you'd expect to wait for the market to go that way?
    • [21:02] - How do you use technical analysis to trade options?
    • [21:41] - Sean McLaughlin of All Star Charts
    • [24:11] - Wedding planning & Honeymoons
    • [26:29] - How has moving from New York to Sonoma hurt or benefited you?
    • [30:03] - What types of institutions are your customers?
    • [32:09] - Koyfin Data Analytics Platform for Investors
    • [32:12] - The Chart Report
    • [33:10] - How do you respond to the criticism that charts are looking backward?
    • [33:51] - How would somebody approach analysis tools to determine which would work for them? 
    • [36:44] - What do you think of tools like Market Profile?
    • [37:56] - You are starting to make wine now, do you chart the grapes?
    • [38:34] - What wine made you want to learn how to make it yourself?
    • [39:52] - Pairing wine with food
    • [44:46] - What if the Fed cuts rates, higher or lower?
    • [45:00] - 2020 election year coming up, good or bad for stocks?
JC Parets, who holds a Chartered Market Technician (CMT) designation, is the founder of All Star Charts and is one of the most widely followed Technical Analysts in the world. All Star Charts is a research platform for both professional and retail investors covering US and International stocks, interest rates, commodities and forex markets.

JC’s work has been featured regularly on Bloomberg, CNBC, Fox Business, ABC, CNN, Wall Street Journal and many other financial media outlets around the world. You will often see JC as a speaker at some of the top investing conferences; he has also been invited to speak at Harvard, Duke, NYU, University of Chicago and Hong Kong Baptist University, among other institutions, about Technical Analysis and Behavioral Finance. JC specializes in finding the most opportunistic risk vs reward propositions while at the same time bringing a top/down approach to the marketplace whose wide spectrum is rivaled by few.

In 2017, JC launched Technical Analysis Radio, a podcast dedicated to Technical Analysis and the Technicians who practice it.


Limit Up! Is hosted by Jeff Carter. Jeff is a general partner at West Loop Ventures. In April of 2007, he co-founded Hyde Park Angels and spearheaded the growth and development of one of the most active angel groups in the United States. He has consulted on the startup of several other angel groups. He is a former independent trader and member of the CME Board of Directors and was part of a small group that transformed CME from an open outcry exchange to the largest electronic exchange in the world. In 1998, CME was worth $182,134,000 in membership enterprise value.  Today it’s worth $55 Billion.

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This podcast episode was produced by Dante32.
Risk Disclosure: http://bit.ly/rskdsc © 2019 All rights reserved