Expert technical analysis of financial markets by JC Parets
by Tom Bruni
From the desk of Tom Bruni @BruniCharting
Thanks to everyone who participated in this week’s Mystery Chart.
Most were looking at this as a potential inflection point and waiting for more info, so let’s get into what it was and what our interpretation is.
by JC
This is Part 2 of my Happy Hour with Brian Shannon and Joe Fahmy. I learn something new from these guys every time we chat.
In this video we discuss the importance of Risk Management and why paying attention to our own emotions and behavior patterns is so critical.
Make sure to also check out Part 1 of this Episode.
The title of this trade plan is a modified take on a famous old floor traders saw. Basically, when experienced floor traders saw the entire pit screaming to hit the same bid or offer, the rule of thumb was to give ’em what they want. Take the other side and close your position when all those same lemmings try to hit the exits at the same time too.
It was the second easiest money on the floor (first was “trading against paper” — which is you and me.)
The trade I’m putting on the board is a loose take on this idea. But instead of fading direction, we’re going to fade the volatility premium priced into Gold options today. [Read more…]
by Tom Bruni
From the desk of Tom Bruni @BruniCharting
If you ask people what it would take for Small-Caps to begin outperforming you’ll get a variety of answers. We need Financials to outperform. We need a weak US Dollar. We need a steeper yield curve. We need the moon to be in a waxing crescent. We need a miracle.
You’ll have a lot of answers and a whole lot more confusion.
So in this post, we want to keep it simple and identify the two charts we’re using to identify a sustainable turn in Small-Cap relative performance.
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?
From the desk of Steve Strazza @Sstrazza
Every week we publish performance tables for a variety of different asset classes and categories along with commentary on each.
Looking at the past helps put the future into context. In this post, we review the relative strength trends at play and give our outlook and some of the things we’re watching for in the week ahead.
This week we’re going to highlight our International ETF and Global Index tables, and focus on some of the rotation we’re seeing into more offensive assets across the board. Let’s dive into it.
The ASC team published a bunch of bullish ideas in the Pharma and Medical Devices spaces during our recent Monthly Conference Call.
After a pullback and a successful bounce off support, one of those names is setting up a great opportunity to get involved on the long side. [Read more…]
The metals space sure has caught people’s attention in recent weeks. We’ve seen some big moves in Gold and Silver and around the entire complex.
During the recent All Star Charts Monthly Conference call, we discussed our bullish stance on metals over the near term.
With that background, we’ve been watching a mining company who’s stock is setting up nicely for a big move if the stars continue to align. [Read more…]
