Life isn’t just about Tesla gossip and Apple at a trillion. There is plenty of “less sexy” market behavior to be paying attention to right now that should have serious implications for the overall market. While boring to some, we have a huge amount of respect for Berkshire Hathaway stock. The breakout we got this week is likely to be the beginning of a 25% move higher which should take this one close to a $700B market cap and we want to be buying! [Read more…]
[Options Premium] Getting Leveraged Long in Agribusiness
The Agribusiness sector might not often be thought of as sexy, but it is threatening to break out above 2008 highs (as measured by the Agribusiness ETF $MOO) and individual names are starting to look pretty compelling. As such, we’re on the hunt for asymmetric reward-to-risk opportunities and we’ve identified one using a little creative leverage. [Read more…]
Checking In On Dow Theory
From the desk of Tom Bruni @BruniCharting
There’s been a lot of talk about equity market breadth both in the US and globally, but one thing I’ve not seen mentioned throughout the debate is Dow Theory. While there are five tenets of Dow Theory, today I want to focus on the aspect regarding confirmation among the three averages: The Dow Jones Industrial Average, The Dow Jones Transportation Average, and The Dow Jones Utility Average, by assessing their primary trends.
Podcast Season 2 – Ep 2 – Todd Sohn, Technical Analyst at Strategas
Sponsored by Investor’s Business Daily – Todd Sohn does amazing work on a daily basis. We’re constantly communicating and sharing ideas with one another. I can tell you for a fact, there are few people in this world who look through as many charts as Todd. Our process is similar so I have really been looking forward to this conversation. We covered a lot of topics in this episode including U.S. Stocks and the sector rotation we’ve been seeing underneath the surface. Sentiment is a big part of their work over at Strategas and I find it really interesting how he incorporates analyst ratings to find ideas in the market. This is a good one! [Read more…]
When The Narrative Is Just Wrong
I love this game. It’s us against the world to try and make a buck in this market. Every day brings new opportunities and story lines. The hard part is distinguishing between what matters and what is just noise. We’re hard wired to need to gossip and tell stories. It’s who we are going back to the cognitive revolution 70,000 years ago. In fact, it would be unnatural for us not to participate.
Many of us get our gossip from the market. That’s one reason why we all get along and share ideas with one another throughout the trading day. I see some women, for example, watching Bravo and the gossip shows on E and stuff like that. We all get our gossip in different ways. While there seems be little harm done by watching the kardashians or vanderpumps, by following some narratives in the stock market, there is actually a lot of money at risk. So for those of us who get our gossip fix from market story lines, it’s especially hard to differentiate reality from fairy tales. [Read more…]
Are Agribusiness Stocks On The MOO-ve?
From the desk of Tom Bruni @BruniCharting
Sector rotation in this market continues and the Agribusiness and Chemical Industries within the Materials Sector look to be heating up. While their performance on a relative basis is lackluster, on an absolute basis there are several setups offering reward/risk scenarios skewed in our favor.
Two-Year Trading Range Can’t Contain This Stock
From the desk of Tom Bruni @BruniCharting
Earlier this year I discussed what I look for when picking a bottom in a stock using Twitter as an example. Today I want to look at The Container Store because it’s exhibiting similar characteristics that suggest the stock has begun a new long-term uptrend.
China Under-Performance and The US Equity Market
From the desk of Tom Bruni @BruniCharting
Every so often we hear the narrative that under-performance from China’s stock market is a canary in the coal mine for US Equities, and the recent tariff tantrums have brought this discussion front and center. Today I want to look at this relationship to see if it has any merit or if it’s just a smart sounding soundbite that you can use around the office water cooler.
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