From the desk of Tom Bruni @BruniCharting
Over the weekend I was running our “Weekend Momentum Report” for Institutional Clients and the message was very similar to last week, so I thought it was worth sharing.
Expert technical analysis of financial markets by JC Parets
by Tom Bruni
From the desk of Tom Bruni @BruniCharting
Over the weekend I was running our “Weekend Momentum Report” for Institutional Clients and the message was very similar to last week, so I thought it was worth sharing.
by JC
Are you guys noticing how the new 52-week high list keeps getting longer, and not shorter?
I can’t emphasize enough how the lies about weak market breadth have been just that: Lies, or myths, or whatever words you need to use that won’t offend people. I stopped caring about that sort of thing a long time ago and just tell it like it is (someone has to). I’m just not seeing the weak breadth scenario playing out like they keep telling me. It’s actually been quite the opposite. We’ve been seeing expansion in participation for months. So this is really nothing new.
The Value Line Index has been a helpful barometer of US Stock Market strength in the past, and today is no different. [Read more…]
by JC
Neil Blalock is my guest this week on the podcast. I believe he is absolutely the perfect compliment to all of the other guests we’ve had on over the years. While many technical analysis, especially on this podcast, come from an equities background, Neil was raised in Missouri and brought up with commodities all around him. It wasn’t until much later in his career that he focused more on the stock market. Because Technical Analysis can be applied to asset classes of all kinds, Neil is able to use his expertise across markets. What’s funny is that you can take Neil out of the farm, but you can’t take the farm away from him completely. When I asked him about what interests him out there, he went right for the Soybean Markets! Neil just can’t help himself and it’s a beauty to watch. In this episode we dive into the agriculture commodities market as well as the softs, precious metals and ultimately into the equities and interest rate markets. This was a really fun conversation with a different perspective than what you might be used to! [Read more…]
by Tom Bruni
Today we want to highlight a concerning development in the Nifty Realty sector and what it means for our approach to its components.
by JC
Andrew Thrasher is the person I turn to whenever I have questions about Volatility and the $VIX. I know he tracks the data much more closely that I do and he does a good job of simplifying what may seem like complicated concepts. With the current market environment pricing in very low volatility moving forward, one can argue there is too much “complacency” towards stocks. Historically, corrections are sparked from this sort of setup. Who better to bring on to the podcast for this special Volatility Episode than Andrew Thrasher, winner of the 2017 Dow Award for his paper on Forecasting a Volatility Tsunami. In this conversation we talk about the current volatility regime, the VIX curve looking out into early 2020 and how he incorporates breadth data to supplement his volatility analysis. I really enjoyed this conversation and it seems like the perfect time to talk about Volatility! [Read more…]
by JC
If you weren’t too busy reading reports of upcoming recessions, you may have noticed that the MSCI World Index broke out to new all-time highs this month. The award for best ETF Ticker goes to the good folks at iShares: $URTH
After a 21-month bear market, the planet Earth is now starting a new leg higher. I continue to believe very strongly that if stocks are above last year’s highs, it is incredibly irresponsible not to be aggressively long. [Read more…]
by Tom Bruni
In September we saw a massive spike in the number of new 63-day highs in the Nifty 500’s components.
Today I want to take a look at look at the data and answer the questions how rare is this signal? and what are the forward returns?
[Read more…]
by Tom Bruni
The Nifty Public Sector Bank and Media sectors of the market have been laggards for a while, but we’re now beginning to see signs that rotation into these areas is ahead. [Read more…]