From the desk of Tom Bruni @BruniCharting
Below is a summary of last weekend’s Chart Summit I wrote for the CMT Association, so I wanted to share it here as well.
Also check out JC’s post from last week for his thoughts and dope photos.
Expert technical analysis of financial markets by JC Parets
by Tom Bruni
From the desk of Tom Bruni @BruniCharting
Below is a summary of last weekend’s Chart Summit I wrote for the CMT Association, so I wanted to share it here as well.
Also check out JC’s post from last week for his thoughts and dope photos.
by JC
One of the most valuable parts of my entire process is going through my workbook of Monthly Charts (only) at the end of each month. It’s easy to get lost in the day-to-day noise, but this exercise forces us to identify the direction of the primary trend.
During my review, there are always a few of them that stand out. Today I want to point out what’s happening in Americas largest sector. This is a chart of the Technology Index Fund $XLK successfully retesting those March 2000 highs and trying to rip higher:
by JC
With a new month comes a fresh batch of Monthly Candlesticks. As you are all well aware, I find this exercise to be incredibly valuable. It forces us to identify the direction of the primary trend. [Read more…]
by Tom Bruni
Today we got new Monthly Candlesticks and while updating the chartbook for our Premium Members, I couldn’t help but think the chart below describes the environment we’re currently in quite well.
by JC
Howard Lindzon has always been there for me. He is the founder of Stocktwits, who originally built Allstarcharts.com back in 2010 and welcomed me into their network of bloggers. Many of these are still around today and doing better than ever!
Howard has invested in some of my ventures over the years and I’ve invested in a few of his. He keeps me posted on developments in the private markets and I keep him up to speed on public markets.
Last week was the Chart Summit in Breckenridge, CO. You can watch my presentation here. On the second day of this awesome event, I sat down and had a fireside chat with Howard. We discuss what he likes to call “Chart Art”, and we also talk about some of the biggest trends he’s seeing in Finance and Technology.
Although this was a Technical Analysis conference, I think getting to pick the brain of a master VC about the tools we’re using, or will be using, adds value to both the Chart Summit and Podcast. I hope you enjoy this one as much as I did! [Read more…]
by JC
Chart Summit was a “Ski during the day and Chart at night” event held on February 22-23, 2019 in Breckenridge, CO. I co-hosted it with Brian Shannon and this is the video of my presentation:
The Top/Down Approach to Financial Markets using Technical Analysis [Read more…]
by JC
If there is any group out there that is feeling the frustration, it’s the gold bug community. Gold is at the same price today that it was a year ago, 5 years ago and 8 years ago. During that time frame, the S&P500 has more than doubled. The Dow Jones Industrial Average is up more that 14,000 points, again more than doubling during this period.
Even U.S. Treasury Bonds made money as interest rates collapsed. The bond ETF $TLT was up over 60% before retracing some of that over the past couple of years. But still, up substantially and clearly outperforming precious metals.
You could have literally been in anything other than these commodities and made money. But from epic frustration comes secular periods for profit. I think this is what we have here: [Read more…]
by JC
The noisemakers love to talk to you about something they like to call FANG, or FAANG or FAAMG. I think they change it each time, depending on which narrative their trying to pass along to the unaware. They’re here to make noise, we’re only here to make money. See the difference?
What you will hear every day, if you choose to subject yourself to their crap, is that Google and Amazon are only up 6% this year. What you won’t hear is that the Equally-weighted Technology Index just broke out to new all-time highs relative to the traditional Market Cap-Weighted Technology Index. [Read more…]