Market Breadth means a lot of things to a lot of people. The way I see it, we’re analyzing a market of stocks. There are a variety of tools to help us do that including the Advance-Decline Line, List of new highs & lows and the percentage of stocks getting overbought or oversold, which can be calculated in many ways. Today I’m joined by Andrew Thrasher in a video we shot earlier this month in New York. It’s an important topic and I’m glad we had the chance to discuss it. [Read more…]
[Options Premium] Looking for an Energetic Reversion
Shocking as it may seem, not all stocks and sectors are knocking on the door of new all-time highs. The clean energy sector is one of those neighborhoods. But that hasn’t stopped us from digging in to find an opportunistic trade. [Read more…]
[Chart of The Week] US Stocks Are Breaking Out
From the desk of Tom Bruni @BruniCharting
Wednesday’s Mystery Chart is one of my favorite charts in the world.
First off, I want to thank everyone for your feedback and participation, as always. I received a lot of answers and most of you were buying the breakout along with me, while a few of you were looking for an “oops” to get short and fade it.
With that in mind, let’s reveal the chart.
We’re Baaaack!
Many people are surprised that we are back to where things first fell apart for the S&P500 and Dow Jones Industrial Average last year. We had a severe correction in Q4, and now prices have climbed back to where this all got started. At this point, nothing surprises me anymore. Those who are still “shocked” by anything probably haven’t been doing this very long….
The question we find ourselves asking this week is simple: Are these major US Stock Market Indexes going to fail up here, like they did in October, or will they break out and rip to levels never seen before? [Read more…]
JC, What’s Your Favorite Chart Right Now?
One of my good college buddies always busts my chops because he thinks it’s ridiculous that look at charts all day. Today he calls me about some other stuff, but randomly asked what was my favorite chart. I’m like, “…of all time or right now?”. He said right now, what’s my favorite chart?
It got me thinking. But my first reaction was the SPX/CRB chart. This is one of the most fascinating situations in the world today. [Read more…]
The “Goldilocks Market Environment”
From the desk of Tom Bruni @BruniCharting
I saw a couple tweets yesterday about FAANG stocks and their “lack of participation” in the market’s four month rally and just don’t get it.
First it was a problem when the largest stocks in the S&P 500 were leading. Now it’s a problem that most aren’t hitting all-time highs with the S&P 500.
Mystery Chart 04-24-2019
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?
[Options Premium] Betting on a Bounce
Recent price action in a tech name has us opportunistically wading in to catch a possible earnings driven bounce. We don’t often put trades on in anticipation of a reversal of price action (we tend to be drawn to trends), but in this case we have a stock that has pulled back in recent days to a major past breakout area and we’ve got an earnings event coming up that just may be the grease which gets the wheels turning back in the direction of the broader trend. [Read more…]
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