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…]
Was That All Value Could Muster?
From the desk of Tom Bruni @BruniCharting
In this week’s Chart of The Week, we discussed the lackluster rally attempt in international stocks relative to the S&P 500.
We concluded that the trend of underperformance remains firmly intact, which brings us to this week’s mystery chart reveal.
Let’s take a look. [Read more…]
What Will Take The Dow To 30,000?
People don’t like it when I tell them the Dow is going to 30,000. They tend to get even more worked up when I tell them it’s going to 40,000 after that.
I’m old enough to remember a time when stocks going up was a good thing. In my opinion, there is still a massive amount of underexposure in the equities market.
So when I get asked, “Well JC, what’s going to take stocks to those levels?”. I think it’s pretty clear that it’s Technology: [Read more…]
Problems In India’s Realty Sector
Today we want to highlight a concerning development in the Nifty Realty sector and what it means for our approach to its components.
[Chart(s) of The Week] Was That All Foreign Equities Could Muster?
From the desk of Tom Bruni @BruniCharting
Since late August when interest rates around the globe began their counter-trend rally we’ve begun to see some outperformance from international equities…leading to headlines like this.
So, is the trend in international underperformance finally over?
Let’s take a look.
[Chart of The Week] Nifty Media Confirms Failed Breakdown
Over the last few weeks, we’ve talked about potential long-term bottoms in weaker sectors like Nifty PSU Banks, Pharma, among others.
Today we’re taking a look at the Nifty Media Index as it confirms a failed breakdown that could serve as the catalyst for a new move higher.
Video: Why CFTC Data Keeps Us Selling Gold
In this Episode of Allstarcharts Weekly, Steve and I talk about why we want to keep selling gold and buy stocks instead. This trade is working and we don’t want to fight it. This has been our base case for months, as you can see here. One of the things that we want to incorporate into our study of price is the positioning of Commercial Hedgers and Speculators, which is published weekly by the CFTC in the Commitment of Traders Report.
In this video I explain how we use this data, why we care, and when to pay attention!
[Read more…]
Providing Opportunity In Healthcare
From the desk of Tom Bruni @BruniCharting
Tuesday’s Mystery Chart had a lot of people talking and guessing (incorrectly, as usual), so thank you all for your feedback and participation.
Overall the feedback was the chart was a longer-term buy, but people had concerns about how far it’s run in the near-term.
With that as our backdrop, let’s get into it.
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