Throughout March we’ve been talking about weakness in the Rupee and the underlying trends driving it (March 3rd, 2020 and March 26, 2020).
Today we want to revisit the Rupee and talk about the pattern that’s suggesting an explosive move is ahead.
Expert technical analysis of financial markets by JC Parets
by Tom Bruni
Throughout March we’ve been talking about weakness in the Rupee and the underlying trends driving it (March 3rd, 2020 and March 26, 2020).
Today we want to revisit the Rupee and talk about the pattern that’s suggesting an explosive move is ahead.
by Tom Bruni
From the desk of Tom Bruni @BruniCharting
In late February we were shorting Sugar aggressively and captured a good portion of its sharp move lower.
Now we’re looking at another sweet setup in the Sugar market.
by Tom Bruni
In yesterday’s Chart Summit, we spoke a lot about the relative strength in the Nifty Pharma sector. (You can watch the full videos of all the presenters for free.)
We got a lot of follow-up questions about a specific stock, Glenmark Pharma, so let’s take a look and assess its absolute and relative trends.
by Tom Bruni
In yesterday’s Chart Summit, we presented our view on the major asset classes around the globe and noted what we need to see before getting bullish Equities again. (You can watch the full videos of all the presenters for free.)
Unfortunately, current conditions suggest continued volatility so we’re looking for short setups to take advantage of it in the coming days/weeks.
Let’s take a look at our broader thesis and what stocks and indexes we’re shorting to express it in the market.
by Tom Bruni
A question we’re getting a lot these days is when the market ultimately does bottom, do we want to be buying the stocks that have been hit the most or the ones that have held up the best during the market’s fall?
As with most things in markets and in life, the answer is it depends. In this post, we’ll explain why.
by Tom Bruni
Earlier this week we discussed an indicator that uses the 200-day moving average to help identify a sustainable low in Indian Equities.
Today, we’ve got another indicator we’re watching closely. Something we call the Breadth of Momentum measure here at All Star Charts.
by Tom Bruni
Long-term Equity charts and breadth measures continue to suggest a defensive approach towards stocks remains appropriate.
With that said, if you’re a trader taking advantage of this volatility then the following charts are those we’d watch to determine if the recent bounce can continue.
by Tom Bruni
We’ve been talking a lot about our expectations for continued volatility and what conditions we’d need to be bullish stocks again.
In this post, we want to step back and see what some of the longer-term weekly and monthly charts are suggesting for stocks and the other major asset classes.