From the desk of Tom Bruni @BruniCharting
This is a quick follow-up to our last two posts on Canada (September 16 & December 10), updating our views and adding any new trade ideas for today’s environment.
Expert technical analysis of financial markets by JC Parets
by Tom Bruni
From the desk of Tom Bruni @BruniCharting
This is a quick follow-up to our last two posts on Canada (September 16 & December 10), updating our views and adding any new trade ideas for today’s environment.
by JC
In this special episode of The Money Game, Phil asks me about any new trends I’m seeing for 2020. I give him both the sexy answer, that everyone seems to want to hear, and the real answer. I think this was a quick but valuable conversation about US and foreign markets, US Sectors like Technology and Financials and even what we see coming for Bitcoin. We had good timing on this conversation as we’re just getting starting the new year.
[Read more…]
by JC
The US Stock Market Indexes are all hitting new highs. This shouldn’t be a surprise to anyone who reads the work we put out.
Isn’t it nice when we just let the data dictate our actions?
Good music and clean charts. It works.
So today we’re going to focus on a new sector that I think is just getting started: Industrials. Take a look at the fresh breakout from its 2018-2019 consolidation:
As January gets under way, it’s time to review positions with January options that remain open (haven’t already hit profit targets or been stopped out).
Most trades I put on for All Star Options tend to have a minimum duration of 30 days (short premium plays) and often as long as 6-8 months (for long premium plays). As options approach expiration, greeks like theta and gamma start to become my enemy and whipsaw my P/L. Therefore, as options and spreads get into the expiration month, my best practice is to put each position on notice — it’s time to take action. [Read more…]
by JC
This is the video recording of the January 2020 Conference Call.
by JC
Do you want to know my cheat code?
It’s the Monthly Candlesticks.
I’m telling you. That’s my secret. And it’s been starring at us right in the face at the end of every single month.
It takes me about half an hour to go through my Monthly Charts. When you add that up over 12 months, it’s only 6 hours of work. There is no 6 hours the rest of the entire year that even comes close to the value I get from this monthly exercise.
Is this not a breakout from a 21 month base? [Read more…]
by Tom Bruni
From the desk of Tom Bruni @BruniCharting
Typically on Tuesdays, I post a Mystery Chart, but I expect participation to be lacking this week and I’ve not found a chart I think is worthy of the exercise…I don’t want to make it too easy on you guys.
Instead, I want to look at a few charts that are all suggesting we may be due for a period of consolidation over the next few weeks.
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 Thursday January 2nd at 7PM ET. Here are the details for the call: [Read more…]