I'm not saying I'm bullish on Disney because my family recently signed up to send them money every month for Disney+, but it certainly has me thinking about the tremendous new source of cashflow to be streaming into their coffers. That's got to be bullish, right?

Of course, at All Star Charts, all we ever follow around here is price so none of the above really matters, it just makes a nice story. But lo and behold, the $DIS chart sure is setting up for a continuation of what already is a pretty significant run:

We just got back from 6 days in India and I think it will add some value to give you some perspective on the kinds of things we learned. Sean McLaughlin is our Chief Options Strategist and had never been to Asia before. This was an eye opening experience for him and one that reiterated a lot of important things I noticed in my prior visits to Mumbai.

We attended a CMT Conference, we filmed a documentary on Indian Options Trading, we ate some of the best food this planet has to offer, we hung out with some of the nicest and coolest people know and got to learn a ton from everything around us. I love going to Mumbai and it’s so nice to see the rest of the gang enjoyed their time there as well.

I always feel so welcomed by everyone. I can’t wait to go back! I hope this podcast helps shed some light on how much we enjoyed the trip and maybe that encourages you to make the...

What I always like to say is that Technical Analysis doesn't give us all the answers, but it certainly goes a long way in helping us ask the right questions. That's what this is all about.

Today I have 2 questions I'm asking:

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?

The Nifty 50 and Nifty 500 are back at the top of their multi-year range right as we're starting to see signs of exhaustion in various global markets.

Failed breakouts and bearish momentum divergences help us to identify potential reversals in the market and we're seeing a few of them occur in India and elsewhere.

The markets may be down today, but we're as bullish today as we've been all year and we love buying dips on bullish names. Today is no different.

One of the names we've been wanting to get into is offering a tasty pullback today, so we're pulling the trigger.

From the desk of Tom Bruni @BruniCharting

Over the weekend I was running our "Weekend Momentum Report" for Institutional Clients and the message was very similar to last week, so I thought it was worth sharing.

With a new month come fresh monthly candles.

While we were going to write a comprehensive post on the most important monthly charts from November, we realized there are only two that matter to India's stock market right now.

Let's take a look.

Are you guys noticing how the new 52-week high list keeps getting longer, and not shorter?

I can't emphasize enough how the lies about weak market breadth have been just that: Lies, or myths, or whatever words you need to use that won't offend people. I stopped caring about that sort of thing a long time ago and just tell it like it is (someone has to). I'm just not seeing the weak breadth scenario playing out like they keep telling me. It's actually been quite the opposite. We've been seeing expansion in participation for months. So this is really nothing new.

The Value Line Index has been a helpful barometer of US Stock Market strength in the past, and today is no different.

Neil Blalock is my guest this week on the podcast. I believe he is absolutely the perfect compliment to all of the other guests we've had on over the years. While many technical analysis, especially on this podcast, come from an equities background, Neil was raised in Missouri and brought up with commodities all around him. It wasn't until much later in his career that he focused more on the stock market. Because Technical Analysis can be applied to asset classes of all kinds, Neil is able to use his expertise across markets. What's funny is that you can take Neil out of the farm, but you can't take the farm away from him completely. When I asked him about what interests him out there, he went right for the Soybean Markets! Neil just can't help himself and it's a beauty to watch. In this episode we dive into the agriculture commodities market as well as the softs, precious metals and ultimately into the equities and interest rate markets. This was a really fun conversation with a different perspective than what you might be used to!