Expert technical analysis of financial markets by JC Parets
by Tom Bruni
In May we wrote a post for premium members titled “Technology Issues Continue”, speaking about a failed breakout and general lack of trend in Indian Technology stocks.
Our conclusion then was to be avoiding the sector on the long side and that its weakness was a drag on the broader market given its 10% weighting in the Nifty 500.
Today, not much has changed, in fact, it’s arguably getting worse.
Let’s take a look.
by Tom Bruni
From the desk of Tom Bruni @BruniCharting
If you look at a list of the best-performing stock markets in the world this year and over the last few, you’ll see New Zealand towards the top of that list in both local currency and US Dollar terms.
With that said, today’s Chart of The Week is focused on another New Zealand chart that’s NOT equities.
Don’t worry, we’ll talk equities too for you non-currency traders.
by JC
This is the video recording of our Special Live Conference Call held on the evening of December 3, 2019. We normally do this in the middle of each month, but I want to finish the year strong and make sure we’re prepared for 2020.
by JC
What I always like to say is that Technical Analysis doesn’t give us all the answers, but it certainly goes a long way in helping us ask the right questions. That’s what this is all about.
Today I have 2 questions I’m asking: [Read more…]
by Tom Bruni
The Nifty 50 and Nifty 500 are back at the top of their multi-year range right as we’re starting to see signs of exhaustion in various global markets.
Failed breakouts and bearish momentum divergences help us to identify potential reversals in the market and we’re seeing a few of them occur in India and elsewhere.
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 Tom Bruni
With a new month come fresh monthly candles.
While we were going to write a comprehensive post on the most important monthly charts from November, we realized there are only two that matter to India’s stock market right now.
Let’s take a look. [Read more…]
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…]
