From the desk of Tom Bruni @BruniCharting
This post is a deep dive into the Social Media subsector, which was the topic of this week’s Mystery Chart.
For full the full context around this post, please read that one first.
Expert technical analysis of financial markets by JC Parets
by Tom Bruni
From the desk of Tom Bruni @BruniCharting
This post is a deep dive into the Social Media subsector, which was the topic of this week’s Mystery Chart.
For full the full context around this post, please read that one first.
by Tom Bruni
From the desk of Tom Bruni @BruniCharting
As part of our Institutional Top 10 Charts report on February 21st, we wrote about why Litecoin was leading the Cryptocurrency regime change.
Several weeks later on April 3rd, we followed-up on that call by noting the improving price action of Bitcoin and Ethereum and suggesting a long-term bottom was likely in for the Crypto space.
Several months later, let’s see where we are now.
by Tom Bruni
Today we’re looking at a chart that highlights a major divergence that’s plagued the Indian stock market since January 2018.
We’ve spoken about this topic in the past, but keep drilling it home every few months because it remains one of the key reasons why Indian Equities as an asset class are struggling. [Read more…]
by Tom Bruni
From the desk of Tom Bruni @BruniCharting
Today will be a “big” day for markets as the Federal Reserve will announce their decision on the new target Federal Funds Rate.
Currently, markets are pricing in a roughly 80% chance of a 25bp cut and a 20% chance of a 50bp cut. This means market participants have assigned 0% odds to rates remaining where they are after today’s meeting.
We’ve been pretty clear over the last few months about where we stand regarding the different asset classes, so there’s not much left to do other than wait and see how prices settle by the end of the week.
With that said, here are a few charts we’re watching through Friday’s close.
by Tom Bruni
Selling continues and now many broader market and sector indices are at or below support, so in this post, we’ll look at some of those charts and assess the damage that’s been done.
by Tom Bruni
From the desk of Tom Bruni @BruniCharting
On July 23rd the NY Chapter of the CMT Association had the pleasure of hosting Tony Dwyer, Chief Market Strategist at Canaccord Genuity.
Tony provided an interesting perspective to our Technical-oriented group because while he focuses on Macroeconomic and Fundamental data in addition to Technicals, he emphasized that his approach is always data-based, not opinion-based.
He performs Technical Analysis of Fundamental data.
by Tom Bruni
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
From the desk of Tom Bruni @BruniCharting
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?