In honor of Superbowl 50 I share with you what I think are the best 50 charts in the world. The hashtag on Twitter to follow along is #SB50Charts. Here is the entire list in order. Click the link inside the tweets for comments on each chart. [Read more…]
Momentum Stocks Are Broken. How Do We Profit From It?
Momentum is a word that gets thrown around a lot. I personally like to measure momentum using a 14-period relative strength index (see here), but different people have different definitions. Fine. For today, we’ll argue that “momentum” stocks are those listed in the MSCI USA Momentum Index. Looking at these stocks as a group, I think they are going to continue to get destroyed going forward, particularly relative to the rest of the market.
First of all, forget this whole FANG thing. I don’t know who made that up or why people like to limit it to just 4 stocks. I think it’s stupid. They have nothing to do with one another and there should be others included in the list. In fact, in November I wrote a piece about how FANG stocks are this cycles Four Horseman (See here) and was further evidence at the time that made us very bearish U.S. Stocks heading into December and January. That obviously worked out very well. [Read more…]
[Premium] Risk/Reward Levels: S&P500, DJIA, R2K, QQQ, and More
There is much more to life that what the Dow did yesterday. Every week we go chart by chart looking at all of the major U.S. Stock Market Indexes. This analysis includes the S&P500, Dow Jones Industrial Average, Dow Jones Transportation Average, Dow Jones Utility Average, Nasdaq100, Russell 2000, Mid-Cap 400, Russell Micro-cap Index, etc.
All of these charts have been updated on both Weekly and Daily timeframes in the Chartbook and these are a few of my notes from this week’s analysis including some updated risk vs reward levels:
Please note: this is multi-timeframe analysis looking both long-term and short-term. Defining who you are as an investor [Read more…]
Know Your Sector Components!
This week I was driving home and flipping through radio stations on Satellite and I stopped to listen in on what was happening on the financial tv networks. I just learned this week that financial tv networks air their tv stuff on the radio too. Fun fact. Anyway, the topic was about Amazon earnings and how bad tech companies are doing. Not sure what Amazon has to do with technology? This was a stock market show. Amazon is a Consumer Discretionary stock. It’s actually the largest component of the Consumer Discretionary sector and is not even listed in the Technology Sector Index. Still, on and on they went about Amazon being a technology company. It made no sense.
Guys, I get it. We can sit here all day talking about what great technology Amazon has, and AWS is so great, etc etc. Yes, I know. But we’re talking about the stock market here, are we not? [Read more…]
[Premium] The Best Ways To Benefit From This Rally In Stocks
In this week’s members-only letter we discuss the following topics:
- What Do We Do With All The Cash We Have From Covering Shorts Last Week?
- Are Copper and Crude Oil Ready To Rally Together and Why?
- Buy Gold Miners or Gold? Or Both?
- How to Play The Euro? Vs the Dollar or Yen?
- Which Emerging Markets Will Perform the Best This Month?
- How Do Financials Hitting New Lows Affect Stocks?
Is It Time To Buy South Africa For A Trade?
From the desk of Tom Bruni @brunicharting
***
South Africa ETF To Rally 25%?
With global equity markets looking poised for a tactical bounce in the week(s) ahead, one market in particular looks ripe for a potential squeeze higher.
South Africa has been in a strong downtrend since breaking down from a symmetrical triangle late last August. Selling quickly accelerated after a major support level near 51-52 broke shortly after the breakdown from, and retest of, the symmetrical triangle. Last week prices traded through another major support level near 40 and swiftly reversed to close the week back above it while momentum diverged positively.
Although the main structural downside [Read more…]
Bloomberg Appearance: Structurally The U.S. Stock Market Now Looks Even Worse
On Monday afternoon I was over at the Bloomberg West headquarters as a guest on their 4PM show “What’d You miss?”. This is a show that I’ve appeared on a few times from New York, so it was cool to see their San Francisco studios. My take is that the snack bar in the Lexington Avenue building in New York is much better, but the view of the Bay in San Francisco beats the view of Queens, NY all day. So we’ll chalk it up as a tie.
Anyway, last time I was on the show back in December we wanted to be short the S&P500, Apple and Emerging Markets while simultaneously buying U.S. Treasury Bonds. This has worked out very well over the past month as stocks got crushed to start the year, so we couldn’t be happier. Now, although a lot of our tactical downside targets were hit last week, including Apple into the low 90s, structurally things have actually gotten worse. I think going forward, any strength should be used as an opportunity to sell into and much lower prices are coming for U.S. Stocks.
Here is the full interview: [Read more…]
Approaching Tactical Bounces In Bear Markets
This is a great piece from the desk of Tom Bruni @brunicharting
***
Approaching Tactical Bounces In Bear Markets
During market corrections, correlations tend to go to one across asset classes, but more specifically global equity markets tend to move together. Throughout the global equity markets and U.S. sectors I follow, many tactical downside targets were met with momentum diverging positively, suggesting a relief-rally may occur over the next few weeks. Many of these markets followed up their mid-week reversals with follow through to end the week, which adds to the case for additional upside over the short-term. It’s important to realize though that most of these moves are occurring within the context of structural downtrends / bear markets, which means this bounce is just that for the time being. Significantly more time will be needed to repair the long-term structural damage these markets have experienced.
- « Previous Page
- 1
- …
- 157
- 158
- 159
- 160
- 161
- …
- 340
- Next Page »
