The Blues beat Bournemouth 3-0 yesterday – despite missing N’Golo Kante and Diego Costa.
The win was a club-record 12th in a row and Chelsea are now seven points clear at the top of the table.
Speaking on Match of the Day, Shearer said: “They look so strong and confident in every department.
“12 wins on the spin, a club record.
“And today without two of their key players: Kante and Costa.
“The way they win the ball back – they have players who can tear straight into you with the ball at pace causes teams big problems.
“Once they got that first goal it was a matter of how many.
“They’ve got guys with pace who drive the team 40 or 50 yards.
“They are red, red hot right now.”