From the desk of Tom Bruni @BruniCharting
The trend is your friend…but what do we do if there is no trend?
Expert technical analysis of financial markets by JC Parets
by Tom Bruni
From the desk of Tom Bruni @BruniCharting
The trend is your friend…but what do we do if there is no trend?
by Tom Bruni
About eight months ago Patrick Dunuwila from The Chart Report introduced me to a new data visualization platform called Koyfin. Two month’s later I met Rob, one of the co-founders, at Stocktoberfest West. He walked me through the product and what they were doing and I was sold.
A few months later we had the opportunity to invest and we jumped at it. We loved the product and the team, so it seemed like a natural fit.
Today, Koyfin is an irreplaceable tool that I use alongside Optuma as my main tools for charting and analysis.
I get a lot of questions about how I use it, so I wanted to write a post answering just that.
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 eliminate the x and y-axes and and all labels eliminated to minimize bias. The chart can be any security in any asset class on any timeframe on an absolute or relative basis. It can even be inverted or a custom index.
The point here is to not guess what it is, but instead to think about what you would do right now. Buy, Sell, or Do Nothing?
by Tom Bruni
From the desk of Tom Bruni @BruniCharting
I couldn’t help but see many of the same folks who were happy about Trump’s “Trade Deal” tweets when they drove the stock market higher complaining as his tweets sent Futures lower on Sunday night and again today after the bell.
I thought this might be a good time to remind ourselves of something.
by Tom Bruni
The Pharma Sector had been improving from a structural perspective, but recent action and breadth may be suggesting the space is falling ill again.
Let’s examine the evidence.
It’s one thing to find a great opportunity to make a directional bet. But sometimes it can be be quite a challenge to express that trade with options due to a thin market of options for that stock. This would make a multi-legged options spread especially hard to pull off. In situations like these, I like to leverage the simplicity of naked options. [Read more…]
by Tom Bruni
Last month price finally confirmed many of the divergences we were seeing under the surface and stocks began to correct…yet the Nifty 50 is sitting just shy of its all-time high.
What gives?
by Tom Bruni
From the desk of Tom Bruni @BruniCharting
Over the last two months we’ve been pointing to many divergences in breadth and momentum, as well as intermarket relationships that add to the mixed near-term signals we continue to see around the globe.
Last week I compared the current environment in US Stocks to that of India’s a month ago saying the stage was set, but that all these divergences needed price confirmation before they become actionable.