Expert technical analysis of financial markets by JC Parets
by Tom Bruni
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 that the chart was a “no-touch” until a breakout.
With that as our backdrop, let’s get into it.
by Tom Bruni
This week’s Chart of The Week revisits a topic we’ve written about many times over the last few years, Small-Caps vs Large-Caps. [Read more…]
by Tom Bruni
From the desk of Tom Bruni @BruniCharting
Global breadth continues to improve as US stocks press up against all-time highs and many individual countries make multi-year/all-time highs.
Today I want to look at a breakout happening in a market that doesn’t get much attention, Israel.
by Tom Bruni
About ten days ago we outlined why it appeared Indian Equities were due for a pause from a tactical perspective and that’s what we’re getting.
With no movement in the major averages, there’s nothing to do, right?
Wrong!
In this post, I outline a few of the stocks we’re watching and why they’re important.
by Tom Bruni
From the desk of Tom Bruni @BruniCharting
Marijuana stocks have been an absolute disaster for longs in 2019, but one chart suggests that after a nearly 60% decline, the Horizons Medical Marijuana ETF and its components are set up for a counter-trend rally.
by JC
I was in Las Vegas this past week for a bunch of meetings and conferences. There was a lot going on in that city. There were traders and analysts at every hotel on the strip. It was really cool to see old friends and, of course, meet new ones. I personally found myself in a half dozen hotels arguing about markets and seeing a bunch of live music. Check out this video I shot at the Santana show at Mandalay Bay.
On Thursday afternoon I was hanging out at Bally’s with David Keller talking about Stocks, Bonds, Gold, Copper, Sector Rotation, Market Breadth, Sentiment and the current market conditions. This one was short and sweet but we covered a lot: [Read more…]
by Tom Bruni
From the desk of Tom Bruni @BruniCharting
Stabilization in European Financials has been a big part of our bull case as they’re one of the largest sectors of the Stoxx Europe 600, our broad measure of European stocks, and many individual European countries.
The other aspect of it is risk appetite. If the worst of the worst sectors is catching a bid, then market participants are not likely pricing in the end of the world.
With that in mind, let’s take a look at what we’re seeing in the space right now and what it means for risk appetite.
by JC
When stocks are in strong uptrends, they tend to not only do well on an absolute basis, but they outperform their alternatives as well. Two obvious ones are Gold and Bonds.
So if stocks are going to fall hard, like so many people keep telling me, we are likely to see a bid in Precious Metals and US Treasury Bonds. As it turns out, however, we’ve only seen the exact opposite – bonds and metals struggling below overhead supply.
Back in August I made the case that if stocks were going much higher, as we thought they would, then the S&P500 will hold support at the late December lows relative to both Gold and Bonds. You can watch that short video here. This is what that chart looks like now: [Read more…]
