With U.S. Markets back at All Time Highs, it would be irresponsible to be doing anything other than keeping close tabs on the price action leaders. And many of these leading stocks will currently be found in the Software sector. [Read more…]
A Coupa-la Software Setups
From the desk of Tom Bruni @BruniCharting
While we wait to see whether or not this retest of all-time highs is a successful one, we want to define our risk on the long side in individual names that continue to lead the market higher.
One subsector that remains a consistent source of these setups is Software.
Stocks And Commodities Pointing To Higher Rates
Interest Rates in the United States hit new 52-week lows last month. But from the looks of it, the commodities market and stock market are not in agreement with that direction. It’s when we see divergences among asset classes that it gets my attention.
Today we’re looking at the divergences between stocks, bonds and commodities that I believe are pointing to higher rates this quarter. If we’re going to take the weight-of-the-evidence approach, it’s 2 to 1 in favor of rising interest rates. [Read more…]
Let’s Go Sector By Sector And See For Ourselves!
A Doctor would never diagnose a patient without first seeing what’s going on inside. A mechanic won’t be able to tell you what’s wrong with your car without lifting the hood. It’s no different in the market. How can we possibly judge the S&P500 without opening it up first to see what’s happening among its components.
Today we’re going to focus on the sectors themselves. We’re looking at weekly candlestick charts for all of the 11 major sectors:
- Technology
- Real Estate
- Energy
- Healthcare
- Financials
- Consumer Discretionary
- Consumer Staples
- Utilities
- Industrials
- Materials
- Communication Services
How many sectors are making new highs? How many are making new lows? Are more of them starting to trend higher or are more of them starting to trend lower. In which direction are consolidations resolving, higher or lower? [Read more…]
Video: Our Favorite Breadth Tools w/ Andrew Thrasher
Market Breadth means a lot of things to a lot of people. The way I see it, we’re analyzing a market of stocks. There are a variety of tools to help us do that including the Advance-Decline Line, List of new highs & lows and the percentage of stocks getting overbought or oversold, which can be calculated in many ways. Today I’m joined by Andrew Thrasher in a video we shot earlier this month in New York. It’s an important topic and I’m glad we had the chance to discuss it. [Read more…]
[Options Premium] Looking for an Energetic Reversion
Shocking as it may seem, not all stocks and sectors are knocking on the door of new all-time highs. The clean energy sector is one of those neighborhoods. But that hasn’t stopped us from digging in to find an opportunistic trade. [Read more…]
[Chart of The Week] US Stocks Are Breaking Out
From the desk of Tom Bruni @BruniCharting
Wednesday’s Mystery Chart is one of my favorite charts in the world.
First off, I want to thank everyone for your feedback and participation, as always. I received a lot of answers and most of you were buying the breakout along with me, while a few of you were looking for an “oops” to get short and fade it.
With that in mind, let’s reveal the chart.
We’re Baaaack!
Many people are surprised that we are back to where things first fell apart for the S&P500 and Dow Jones Industrial Average last year. We had a severe correction in Q4, and now prices have climbed back to where this all got started. At this point, nothing surprises me anymore. Those who are still “shocked” by anything probably haven’t been doing this very long….
The question we find ourselves asking this week is simple: Are these major US Stock Market Indexes going to fail up here, like they did in October, or will they break out and rip to levels never seen before? [Read more…]
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