From the desk of Tom Bruni @BruniCharting
This post is a deep dive into the Social Media subsector, which was the topic of this week’s Mystery Chart.
For full the full context around this post, please read that one first.
Expert technical analysis of financial markets by JC Parets
by Tom Bruni
From the desk of Tom Bruni @BruniCharting
This post is a deep dive into the Social Media subsector, which was the topic of this week’s Mystery Chart.
For full the full context around this post, please read that one first.
by JC
This is the question I often ask myself. In which direction is there the most risk? Are we better off looking for stocks to buy or looking for stocks to sell? There is no need to make this complicated. Where are the probabilities of success skewed in our favor?
You’re well aware by now that I spend a lot of time looking through charts in the U.S. and around the world. We have Indexes, Sectors, Stocks and other assets throughout My Chartbook. One thing I learned a long time ago is to also pay attention to the bellwethers. It’s a word that gets thrown around a lot, but we take it a little more seriously around here. There are only a few of them and today I want to draw your attention specifically to what is happening in shares of J.P. Morgan. [Read more…]
by Tom Bruni
Today we’re looking at a chart that highlights a major divergence that’s plagued the Indian stock market since January 2018.
We’ve spoken about this topic in the past, but keep drilling it home every few months because it remains one of the key reasons why Indian Equities as an asset class are struggling. [Read more…]
by Tom Bruni
From the desk of Tom Bruni @BruniCharting
Today will be a “big” day for markets as the Federal Reserve will announce their decision on the new target Federal Funds Rate.
Currently, markets are pricing in a roughly 80% chance of a 25bp cut and a 20% chance of a 50bp cut. This means market participants have assigned 0% odds to rates remaining where they are after today’s meeting.
We’ve been pretty clear over the last few months about where we stand regarding the different asset classes, so there’s not much left to do other than wait and see how prices settle by the end of the week.
With that said, here are a few charts we’re watching through Friday’s close.
by Tom Bruni
Selling continues and now many broader market and sector indices are at or below support, so in this post, we’ll look at some of those charts and assess the damage that’s been done.
by JC
In this Episode of Allstarcharts Weekly, Steve and I discuss the Intermarket Relationships that help identify the next direction for US Interest Rates. These assets include Regional Bank Stocks, Utilities, Real Estate Investment Trusts, Copper, Gold and TIPS among others. Which way are Rates heading next? [Read more…]
by Tom Bruni
We’ve been writing about Financial Services/Bank Stock outperformance for a while, especially as it relates to the breadth of the broader market.
Despite Financial Services accounting for a third of the Nifty 500’s weighting, they cannot support the entire market on their own. Especially if/when they need to correct…like they are now.
That brings us to today’s charts.
by Tom Bruni
From the desk of Tom Bruni @BruniCharting
Tuesday’s Mystery Chart is one of my favorite charts right now, so thank you everyone for your feedback and participation.
I received a lot of answers, but most of you were buyers and the rest were split between doing nothing and selling.
With that as our backdrop, let’s get into it.