Expert technical analysis of financial markets by JC Parets
The boys were out with a bullish piece on China stocks, citing oversold conditions. As JC said: “If the world isn’t ending after all, this could be an interesting place to look for huge winners.”
So I’ve got my eye on a big name that has held up pretty well, all things considered. [Read more…]
by Tom Bruni
Sunday we wrote a post reiterating our long-term view that the path of least resistance in the Rupee remains lower.
With that said, we were a bit cautious about buying the potential breakouts in USD/INR and JPY/INR until we got confirmation, but we’ve seen some solid follow-through over the last two days.
This post will outline how to approach getting involved in the trade if you’re not already.
by Tom Bruni
Today we wrote a post updating our market view, which is that we expect further chop but are looking to put cash to work slowly on the long side. In that post we outlined what we’d need to see to get aggressively long, so please check it out.
This post is going to outline several stocks that are presenting attractive reward/risk scenarios at current levels, so if you need long exposure this is where we want to be. [Read more…]
by Tom Bruni
In this post, we’re going to recap our views from the last two months, discuss our current market view, and outline what conditions need to present themselves for us to be aggressively buying stocks.
First, let’s recap our posts from the last few months that outlined why we were taking a more defensive approach towards stocks.
From the desk of Steve Strazza @Sstrazza
New Mystery Chart!
For those new to the exercise, we take a chart of interest and remove the x/y-axes and any other labels that would help identify it. The chart can be any security in any asset class on any timeframe on an absolute or relative basis. Maybe it’s a custom index or inverted, who knows!
We do all this to put aside the biases we have associated with this specific security/the market and come to a conclusion based solely on price.
You can guess what it is if you must, but the real value comes from sharing what you would do right now. Buy, Sell, or Do Nothing?
by Tom Bruni
Our first downside objectives in the major indices have been met, so we’re back on the lookout for long ideas.
One stock that has caught our attention is IndoStar Capital Finance Ltd.
by Tom Bruni
We’ve been pointing to weakness in Indian equities, and equities around the globe, since mid-January. Last week the global leader, United States equities, joined the correction party and quickly met our downside targets.
We’ve since flipped long US stocks and are now playing for a bounce.
Patience has paid in Indian stocks, so here’s a quick update on our view now that our first downside objectives have been hit in the major indices.
by Tom Bruni
From the desk of Tom Bruni @BruniCharting
Today JC discussed our March playbook for Members and outlined some areas we’d be looking for a bounce with well-defined risk and others that we want to be completely avoiding.
I wanted to share a few breadth measures to provide context around the recent decline and see if they offer any clues around what’s next.
