From the desk of Tom Bruni @BruniCharting
Healthcare Providers quickly went from hero to zero in Q4 of 2018 after a failed breakout and bearish momentum divergence, but we’re beginning to see signs of a potential mean-reversion over the short-term.
Expert technical analysis of financial markets by JC Parets
by Tom Bruni
From the desk of Tom Bruni @BruniCharting
Healthcare Providers quickly went from hero to zero in Q4 of 2018 after a failed breakout and bearish momentum divergence, but we’re beginning to see signs of a potential mean-reversion over the short-term.
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
Telecom continues to hold up well, sticking with the “reach for yield” theme we’ve been discussing month in and month out for a while now.
Let’s take a look at the ETF and a few individual names we want to be buying to take advantage of this trend.
by Tom Bruni
From the desk of Tom Bruni @BruniCharting
The market remains a “hot mess”, so we’re looking under the surface at breadth and risk appetite measures to identify clues as to the potential direction that this 15-month range will resolve itself.
Today I want to look at one of those measures, Consumer Discretionary stocks vs Consumer Staples.
by Tom Bruni
Last week’s Chart of The Week discussed the “One More High” type setup we often see prior to price consolidations or pullbacks, providing some context around why we continue to remain structurally bullish, but not very aggressive in the short-term.
by Tom Bruni
Friday we got new Monthly Candlesticks, so this post will outline a few of the major changes since last month. [Read more…]
by Tom Bruni
From the desk of Tom Bruni @BruniCharting
One of the topics I spoke about during my Chart Summit presentation on breadth last month was the relative performance of Equally-Weighted versus Cap-Weighted Indexes.
I always hear that the market cannot go higher on an absolute basis if the Equally-Weighted S&P 500 is underperforming the Cap-Weighted.
So is that the case? Let’s take a look.
by Tom Bruni
From the desk of Tom Bruni @BruniCharting
It’s been about three weeks since I wrote this post looking at breadth across various Equity markets since January 2018.
JC wrote a post today about “The Cards We’ve Been Dealt” which references some of these stats, so I wanted to update some of them and highlight another way we use them to measure breadth.