The major indices in India are stuck in “no man’s land” right now, making it a tough trading environment for many.
In this post, we’re going to take a quick look at what that means and how we’re approaching it.
Mystery Chart Reveal: You’re Buying What?!?
From the desk of Tom Bruni @BruniCharting
Tuesday’s Mystery Chart is one of my favorite charts right now, so thank you all for your feedback and participation.
Almost every one of you said you were selling the stock in question as it put in a failed breakout, while a handful of you were doing nothing and buying the subsequent breakout with me.
With that as our backdrop, let’s get into it.
The Absolute & The Relative
Assets in the strongest uptrends not only do well on an absolute basis, they tend to outperform relative to their alternatives as well. In the case of the S&P500, with new all-time highs last month, we’ve just seen lower highs relative to both Gold and US Treasury Bonds. This is NOT evidence of a strong uptrend.
The question today seems clear to me: Is the underperformance of stocks relative to other assets “The Divergence” that we’ll point to in the future as the heads up that something was changing? Or will we get relative rotation back into equities and this was just a temporary blip while stocks consolidated their massive 2016-2017 gains? [Read more…]
Video: When Will Small-caps Start To Outperform?
In this Episode of Allstarcharts Weekly, Steve and I talk about US Small-caps and the underperformance we’ve seen out of anything non-large-cap since 2018. We are now down to levels not seen since early 2016 when Small-caps started their outperformance vs Large-caps, which is where stocks bottomed after the 2015 cyclical bear market. Is this where the turn begins? Let’s walk through it together and see if we can figure it out!
[Read more…]
[Premium] Big Bases To Watch
Last week we wrote a post for our US subscribers to highlight several “big bases” that we are watching for potential breakouts.
The principles surrounding why we like “big bases” can be applied to Indian stocks as well, so we wanted to write a quick post outlining our logic and providing examples that may become actionable in the near future.
[Premium] The Current US Stock Market Environment
We saw some late week strength in US Stocks for two consecutive weeks. When buyers have had the opportunity to buy stocks on weakness, have they shown up to do so? I would argue yes.
That doesn’t mean that we’re not below overhead supply in most sectors and indexes. There are a few exceptions but let’s get right into it and see what’s going on.
BNN Bloomberg Interview: The Cyclical Bear Market in Stocks
Here is the video from my BNN Bloomberg interview this week. They asked me if I thought the media was making too big of a deal out of an inversion of the yield curve and I agreed that of course they did. That’s what the media does, irresponsibly exaggerate things that don’t need to be exaggerated at the expense of their audience. I’m happy to come on TV to bring some sense of reality to the conversation. Someone has to. In this video we discuss the ongoing Cyclical Bear Market in stocks and what we’re waiting for to confirm that a new Cyclical Bull is getting started. [Read more…]
The 120 Best Charts In The World
What is the best chart in the world right now? I don’t know. I guess that really depends on your time horizon, risk tolerance and overall market goals. These are different for all of us.
Today, I want to share what I think are collectively the 120 best charts. The way I see, there is no ONE chart that can tell today’s story. But as a unit, these 120 slides give us a good look at the current market environment. [Read more…]
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