From the desk of Tom Bruni @BruniCharting
The trend is your friend…but what do we do if there is no trend?
Expert technical analysis of financial markets by JC Parets
by Tom Bruni
From the desk of Tom Bruni @BruniCharting
The trend is your friend…but what do we do if there is no trend?
by JC
Paul Ciana and I go way back to 2006 when him and I were studying for the CMT exams together. Today, Paul is the Chief FICC Technical Strategist at Bank of America Merrill Lynch Global Research. In English, that means everything outside of equities. It’s nice to see your friends succeed and watching him crush it is definitely one for the good guys.
In this podcast episode we dive deep into the FX world where Paul walks us through 3 important currency pairs that all stock market investors should follow. We talk about Crude Oil and Gold and other precious metals. The Dollar is a key focus right now for both Paul and me, so we get into what the implications are for stocks and other assets around the world.
I really enjoyed this conversation. It could have gone on for hours and hours. We’re lucky to have Paul come on the podcast. He speaks to the biggest PMs in the world on a daily basis and has been doing that for close to a decade and half. His unique perspective is a huge value add for sure! [Read more…]
Markets are getting a little shaky. No real surprise. We’ve had a huge run to start the year and it’s only natural for there to be givebacks along the way. Markets don’t go straight up forever. That’s not how this works.
That said, there are some sectors and stocks that are still holding up relatively well that require our attention. If this turns out to be another garden variety correction then we’re going to want to be long names that are standing strong now — these are likely to be the next leaders. The All Star Charts team published a bullish piece on the Energy sector a couple weeks ago, and not much has changed since. The sector and its stocks have pretty much gone sideways. One stock that has my attention now is: [Read more…]
by JC
These are the registration details for the monthly conference call for Premium Members of All Star Charts. In this call we will discuss the global market environment and how to profit from it. As always, this will include Stocks, Interest Rates, Commodities and Currencies. The video of the call will be archived in the members section to re-watch any time and the PDF of the charts will be made available as well.
This month’s Conference Call will be held on Monday May 13th at 7PM ET. Here are the details for the call: [Read more…]
by Tom Bruni
About eight months ago Patrick Dunuwila from The Chart Report introduced me to a new data visualization platform called Koyfin. Two month’s later I met Rob, one of the co-founders, at Stocktoberfest West. He walked me through the product and what they were doing and I was sold.
A few months later we had the opportunity to invest and we jumped at it. We loved the product and the team, so it seemed like a natural fit.
Today, Koyfin is an irreplaceable tool that I use alongside Optuma as my main tools for charting and analysis.
I get a lot of questions about how I use it, so I wanted to write a post answering just that.
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 eliminate the x and y-axes and and all labels eliminated to minimize bias. The chart can be any security in any asset class on any timeframe on an absolute or relative basis. It can even be inverted or a custom index.
The point here is to not guess what it is, but instead to think about what you would do right now. Buy, Sell, or Do Nothing?
by JC
Today we sit down with the newest (and likely youngest) Chartered Market Technician (CMT) Mr. Tom Bruni live from Washington Square Park in New York City. The CMT program is different today than what it was 12-13 years ago when I first went through it. I wanted to pick Tom’s brain about his experience and what advice he has for others thinking about sitting for the exams.
[Read more…]
If you’ve read headlines or watched Shout! TV over the past 36 hours, you’ve likely been tempted to make some bad decisions with your portfolio. Panic is like sex to the financial media — panic sells. Panic attracts eyeballs, gets you glued in, which translates to advertiser dollars. That’s all financial media cares about. Not you, and certainly not your portfolio.
Our choice as market speculators is to either succumb to the artificial stress placed upon markets to make decisions not in our best long-term interest, or to take the other side of the nonsense, trusting in cooler heads and price action to lead the way. You know which path we take here… [Read more…]