Tuesday’s Mystery Chart received similar responses, with most people looking to short the stock on a break below support.
Now, let’s look at the chart and its related theme. [Read more…]
Expert technical analysis of financial markets by JC Parets
by Tom Bruni
Tuesday’s Mystery Chart received similar responses, with most people looking to short the stock on a break below support.
Now, let’s look at the chart and its related theme. [Read more…]
by Tom Bruni
From the desk of Tom Bruni @BruniCharting
Tuesday’s Mystery Chart is one of my favorite charts right now, so thank you all for your feedback and participation.
Everyone was on the same page here, waiting for a resolution before getting involved. Sometimes nothing is the best answer, that’s why it’s one of the choices.
With that as our backdrop, let’s get into it.
by Tom Bruni
From the desk of Tom Bruni @BruniCharting
Retail ETF XRT is at an interesting level, so in this post we’re gonna take a look at its chart and what the internals are suggesting for the sector in the weeks/months ahead.
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
Yesterday we discussed the major indices in India and how the weight of the evidence is beginning to suggest we’re close to a tradeable low.
In today’s post, I want to outline two “trash to treasure” trade setups that are low probability in nature but offer a ridiculously skewed reward/risk at current levels.
If you haven’t read our past posts on identifying counter-trend trades and managing them, we’d highly recommend doing so before continuing.
by Tom Bruni
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
The major indices in India are stuck in “no man’s land” right now, making it a tough trading environment for many.
In this post, we’re going to take a quick look at what that means and how we’re approaching it.
by Tom Bruni
From the desk of Tom Bruni @BruniCharting
In early July we were looking at some divergences that were signaling a potential short-term bottom in US Interest Rates.
That thesis was quickly proven wrong as global yields pulled the US down with them, and last week in our Conference Call we discussed our current outlook for Bonds and their many intermarket relationships.
Earlier this week JC discussed the fact that Bonds are at an interesting level relative to the S&P 500 as well.
Yesterday I discussed some of the pitfalls to avoid when using Bond ETFs as a proxy for the underlying assets.
Needless to say, we’ve been talking a lot about Bonds.
In this post, I’m going to take a simplified look at price action and momentum of the 2, 5, 10, and 30-Year Treasuries to assess the reward/risk and if there’s a short-term trading opportunity at current levels.