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 JC
We don’t have bull markets in America without Financials participating. That’s just how it is around here.
I look through a lot of charts, as you guys know, and there are always a few that really stand out and explain the current situation. I’ve pointed out how there is further potential of overhead supply for stocks at these levels, particularly internationally. That means that, for the most part, the market has proven that there are more willing sellers than buyers around here. You can’t see it if you’re just looking at S&Ps and the Dow. But when you go sector by sector and country by country, trust me, it’s there.
So bringing it back to America, Financials are in quite the predicament. You can’t have a success story without an original struggle right? Well this $31 level has been an issue since the epic top in 2007 before the financial crisis: [Read more…]
by JC
This is the video recording of the February 2020 Conference Call for Members of All Star Options [Read more…]
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 JC
Today I have a group of charts that I think will help me explain my thought process here. We’re keeping this very simple.
Let’s go! [Read more…]
As February gets under way, it’s time to review positions with February options that remain open (haven’t already hit profit targets or been stopped out).
Most trades I put on for All Star Options tend to have a minimum duration of 30 days (short premium plays) and often as long as 6-8 months (for long premium plays). As options approach expiration, greeks like theta and gamma start to become my enemy and whipsaw my P/L. Therefore, as options and spreads get into the expiration month, my best practice is to put each position on notice — it’s time to take action.
February positions closed at profit target: $GDX (1/16)
February positions closed at a loss: $SLB (8/13), $LGIH (11/6), $MDT (10/23)
Remaining Open Positions (in order of entry):
If anybody has any questions, hit me here.
by JC
In this Episode of Allstarcharts Weekly, Steve and I discuss all the reasons why we’re buying bonds right now instead of stocks and commodities. The big point here for me is that it’s not just one chart. There is no single holy grail suggesting we buy bonds. This is a weight of the evidence conclusion. It’s not one chart, it’s hundreds of them all pointing to the exact same thing: Sell stocks and Buy bonds!
[Read more…]
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…]