India’s recent rally has reaccelerated its trend of outperformance relative to the rest of the Emerging Market space.
In this post, I want to outline two charts we use to track this trend and another that helps explain why it’s happening.
Expert technical analysis of financial markets by JC Parets
by Tom Bruni
India’s recent rally has reaccelerated its trend of outperformance relative to the rest of the Emerging Market space.
In this post, I want to outline two charts we use to track this trend and another that helps explain why it’s happening.
by Tom Bruni
From the desk of Tom Bruni @BruniCharting
One of the hardest things to do in life and in markets is admitting you don’t know. But when you’re only in the market to make money, and not to be right, saying I don’t know can often be the best answer.
That’s why I put out a post titled “Relatively…Confused” just two days ago because when I go through my chartbooks I see extended themes that are not offering great reward/risk opportunities right now.
by Tom Bruni
Elections, as with other major world events, introduce a lot of new information that market participants need to digest. This often causes increased volatility as expectations are adjusted and buyers and sellers battle to establish a trend.
So far this week we’ve seen an expansion in the intraday trading ranges, but not much resolution in terms of overall trend direction.
Here’s what we’re keeping an eye on.
by Tom Bruni
We’ve spoken about the lack of trend in the Major Indexes for a while now, but another theme that’s becoming more and more pervasive is the weakness in Tech stocks.
Let’s see how we’re going to approach it.
by Tom Bruni
From the desk of Tom Bruni @BruniCharting
There are trends people tend to pick up on indirectly, usually by looking at individual stock charts or ETFs on an absolute basis, seeing the relative strength/weakness, and connecting the dots.
See something in one chart; it may not be all that special. See it in a lot of charts from the same area of the market…you’re usually onto something.
That’s the indirect way, but if we look at a trend directly, we can get a better feel for the exact strength of that underlying trend/theme.
In this post, I want to highlight a few trends that I know people are aware of, but may not realize their severity.
by Tom Bruni
From the desk of Tom Bruni @BruniCharting
We’ve been writing about the lack of trend in the Major Indices and highlighting some relative strength in places like Software and Insurance, but overall signals remain mixed.
This morning I set out to write another post about areas showing relative strength, hoping to find a clean theme that the most actionable stock setups fit within.
What I found can be boiled down to the length of two tweets.
by Tom Bruni
From the desk of Tom Bruni @BruniCharting
Last week I sat down with Justine Underhill for Real Vision’s “Trade Ideas” show to discuss a tactical trading opportunity in Palladium and a longer-term play in the Insurance industry.
These are themes I’ve shared with our Institutional Clients over the last few weeks. I hope you find some value in them.
by Tom Bruni
From the desk of Tom Bruni @BruniCharting
Wednesday’s Mystery Chart is one of my favorite charts, so thank you everyone for your feedback and participation.
I received a lot of answers, but most of you were buyers of this recent pullback, while others were waiting to see if prices reacted positively to support before jumping in. Not many of you were sellers.
With that as our backdrop, let’s get into it.