We retired our “Five Bull Market Barometers” in mid-July to make room for a new weekly post that’s focused on the three most important charts for the week ahead.
This is that post, so let’s jump into this week’s edition.
Expert technical analysis of financial markets by JC Parets
by Tom Bruni
We retired our “Five Bull Market Barometers” in mid-July to make room for a new weekly post that’s focused on the three most important charts for the week ahead.
This is that post, so let’s jump into this week’s edition.
by Tom Bruni
Energy stocks in India, the US, and other global markets have been a disaster for a long time. In fact, despite strength in stocks as an asset class, we’ve been finding short opportunities in the sector.
With Reliance being 33% of the Nifty Energy Index, let’s take a look at what’s happening in the space and how we’re approaching it.
by Tom Bruni
From the desk of Tom Bruni @BruniCharting
Thanks to everyone who participated in this week’s Mystery Chart.
Most off, you said you’d do nothing with this one, opting for more attractive longs and shorts in things that are trending well.
With that as our backdrop, let’s just right into it.
by Tom Bruni
From the desk of Tom Bruni @BruniCharting
For our timeframe, we prefer to look bigger picture and not get caught up in the day to day noise.
That’s why we have our Monthly Candle Strategy Sessions and Monthly Conference Call where we focus on the broader themes and how to take advantage of them in the market.
One of those themes we’ve discussed ad-nauseam is the “reflation trade”, so today we’re getting our magnifying glass out to look at a few daily charts that suggest more trouble/volatility could be ahead for cyclical assets in the near-term.
by Tom Bruni
In an environment where volatility has picked up at the index level and there are more mixed signals in the market, we want to be more selective in the longs and shorts we put on.
An important part of tightening up our risk management across the board is knowing what timeframe is relevant to us, both at the portfolio and individual stock level.
Today we want to look at an example in Jubilant Foodworks to highlight this concept. [Read more…]
by Tom Bruni
From the desk of Tom Bruni @BruniCharting
New Mystery Chart!
For those new to the exercise, we take a chart of interest and remove the x/y-axes and any other labels that would help identify it. The chart can be any security in any asset class on any timeframe on an absolute or relative basis. Maybe it’s a custom index or inverted, who knows!
We do all this to put aside the biases we have associated with this specific security/the market and come to a conclusion based solely on price.
You can guess what it is if you must, but the real value comes from sharing what you would do right now. Buy, Sell, or Do Nothing?
by Tom Bruni
This week we’re looking at a long setup in the Textiles sector.
by Tom Bruni
We retired our “Five Bull Market Barometers” in mid-July to make room for a new weekly post that’s focused on the three most important charts for the week ahead.
This is that post, so let’s jump into this week’s edition.