From the desk of Tom Bruni @BruniCharting
In this post we’re talking about Orange Juice, which may not quench your thirst so stick around to the end for another great bonus chart.
Let’s get into it.
Expert technical analysis of financial markets by JC Parets
by Tom Bruni
From the desk of Tom Bruni @BruniCharting
In this post we’re talking about Orange Juice, which may not quench your thirst so stick around to the end for another great bonus chart.
Let’s get into it.
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
Two weeks ago we outlined our thesis for near-term weakness in stocks in India and around the globe.
Since then we’ve outlined additional information that seems to support the thesis that the next few weeks, and potentially months, are to be a choppy environment. (Feb 1, Jan 27, Jan 26, and Jan 25).
After some downside follow-through, many are asking: How low can we go?
by Tom Bruni
From the desk of Tom Bruni @BruniCharting
This week I saw two different charts floating around that I thought deserved a second look based on how they were presented and what their ultimate conclusion was.
The first has to deal with the underperformance of the Equal-Weighted S&P 500 Index, while the second looks at High Dividend Factor ETFs that have gone off the beaten path.
[Read more…]
by Tom Bruni
From the desk of Tom Bruni @BruniCharting
Thank you to everyone who responded to this week’s mystery chart, I expected it to be a good one and it was.
Most respondents were aggressively selling this one, while others wanted to see a more decisive move before making a decision.
With that as our backdrop, let’s take a look at this week’s chart. [Read more…]
by Tom Bruni
This post is a quick update on a name in the Consumer Goods’ space that we’ve been watching for a breakout, as well as two other names worth putting on your radar.
by Tom Bruni
From the desk of Tom Bruni @BruniCharting
With our upside price objectives being met across in Equity markets across the globe, we’ve shifted our focus to buying Bonds and selling Emerging Market stocks with the expectation of a choppy environment for stocks as an asset class over the coming weeks and months.
With that said, just because the indexes may be choppy there will be winners and losers that we can take advantage of long and short.
In light of that, today we’re reiterating our view on two pot stocks we outlined weeks ago that are still actionable and uncorrelated with the broader market.
by Tom Bruni
From the desk of Tom Bruni @BruniCharting
One of my favorite tasks each week is putting together our “Top 10 Charts” of the week report for Institutional Clients.
This week was very macro and intermarket focused, but one stood out as particularly interesting so I wanted to pass it along.