Expert technical analysis of financial markets by JC Parets
by Tom Bruni
This post is a continuation of our “Free Chart of The Week”, which focused on the use of an equally-weighted Pharmaceuticals Index to make the case that the sector is in better health than the cap-weighted index suggests.
In this post, we’ll use that information to identify the stocks in this sector offering us the best reward/risk opportunities.
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by Tom Bruni
This past weekend we got new Monthly Charts, and overall the themes we discussed last month are very similar. With that being said, we’ll use this post to discuss a few notable developments.
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by Tom Bruni
From the desk of Tom Bruni @BruniCharting
Crude Oil is down roughly 35% over the last two months as record bullish sentiment unwound and prices fell in what was essentially a straight line. There hasn’t been any reason to bottom-fish this market, but today we received our first indication that a short-term bottom may be in.
by Tom Bruni
During our members-only conference call and our trade management post we discussed why a more neutral approach is best as we identify whether equities are going to consolidate at higher levels or begin to roll over again. We also discussed the importance of taking some profits quickly in an environment that produces whipsaws in both directions.
Over the last two weeks we’ve seen a number of our long ideas failing and more of our short ideas working, suggesting that lower prices are likely ahead in the short-term and that we should continue to err on the short side of stocks. This post will outline some of the evidence we’re seeing supporting this thesis, as well as adding a number of short ideas to our trade list from October and November.
Happy Thanksgiving!
During our family’s feast this year I’ll be reflecting on my gratitude to each and every one of our subscribers, and to my team here at All Star Charts. I could not ask for a more engaged audience and a more top-notch group of analysts to work with. This year marks the maiden voyage of the All Star Options corner of the All Star Charts platform and the response from institutional and retail subscribers has exceeded my expectations and it makes me ever more motivated to continue crushing it for years to come for all of you.
Sincerely, thank you.
Now let’s talk business…
This week we put an options spread trade on in Goldman Sachs $GS and it serves as a vivid reminder that we’re not looking for perfection here. We’re looking to follow a process.
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by Tom Bruni
On October 30th we got more constructive on Indian stocks and put out a massive post with stocks to buy. Given that many of these trades were counter-trend in nature, we expanded on our last trade management post during this month’s conference call, discussing strategies that are helpful to know in any environment.
by Tom Bruni
From the desk of Tom Bruni @BruniCharting
While updating our Canadian Chartbooks this weekend, I noticed a few that stood out as offering well-defined opportunities where the reward/risk is skewed in our favor. This short post will outline these names and levels, but members can view all of our Canadian Universe by clicking here.
by Tom Bruni
From the desk of Tom Bruni @BruniCharting
Over the last few weeks we’ve looked at signs of rising stress in the credit market, interesting relative strength in bond prices, and a trade on the long side in treasury bonds, but today I want to take a comprehensive look at the bond market and highlight what it’s signaling for rates and risk appetite in general.
