Expert technical analysis of financial markets by JC Parets
From the desk of Tom Bruni @BruniCharting
Mobile Payment stocks have been a key part of our focus on the Technology theme taking place across various sectors of the market.
Since the summer the space has cooled off a bit but is back at levels where it would make sense for the trend to reaccelerate to the upside.
From the desk of Tom Bruni @BruniCharting
Thank you to everyone who responded to this week’s mystery chart.
Everyone was a seller of this one…and most thought it was an inverted chart, but it wasn’t. Try again next week.
Anyway, let’s take a look. [Read more…]
From the desk of Tom Bruni @BruniCharting
Copper has been getting a lot of attention as it hits 5-month highs, but there is another Base Metal chart that’s not being talked about.
Today we’re looking at that chart and then taking a more comprehensive approach at what’s going on in the space.
I know what you’re thinking? A bearish play? In this market?
Believe it or not, there are some weak sectors out there, and there’s a stock we’re bearish on that may have just exhausted itself in a last-gasp dead-cat bounce which may be soon reverse and resume its downward trend. [Read more…]
This is the video recording of the December 2019 Conference Call for Members of All Star Options [Read more…]
From the desk of Tom Bruni @BruniCharting
It’s been about 4 months since our last Canada update and many of the trades we outlined there have run their course, so today I want to look at 3 stocks with a common catalyst to spark their next move higher.
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?
Annie Duke is the author of one of my favorite books, “Thinking In Bets”. I often find myself recommending it to both colleagues and friends and family who aren’t even in our business. While the book might be written by a poker player, and is somewhat about poker, it’s really about the way we think, and this applies to market participation, but also life in general. It’s a book I believe everyone should read, at least once.
In this podcast episode, I asked Annie about the differences between being humble in the face of the game we’re playing vs being humble in the face of your opponent. This is a really important concept that really helps put things in perspective.
Behavioral Finance in general, as my friend Phil Pearlman puts it, is very descriptive in nature. We are quick to judge and describe, while prescriptive models, at least in this field, have taken a back seat. So Annie provides a few different things we can do to continue to improve and become more self-aware. She says that there is no “cure”, but even incremental improvements can compound over time. She is also coming out with a new book in September of 2020 that you can pre-order here: “How To Decide: Simple Tools For Making Better Choices”. She says this is also prescriptive because of the workbook portion that is included
This was a really amazing conversation that could have gone on for hours and hours. This is her favorite topic to talk about and it’s certainly near the top of my personal list. But we got through a lot of material in a short period of time, so definitely make sure to give this one a listen!
I want to thank Annie Duke for being a guest on the podcast. This one really meant a lot to me! I hope you enjoy our conversation as much as I did.
