This week I had the chance to visit Toronto for the first time. I spent a couple of days meeting with investors, doing a TV spot and taking in some of the things Canada has to offer.

I was invited to speak at the Toronto CFA Society to talk about my Technical Analysis. It was an event put on by the Canadian Society of Technical Analysts and the CMT Association. The crowd was great, interested in charts and eager to learn. Everyone was so nice.

While in Toronto, I caught a Blue Jays game (they beat the Orioles 6-0) and ate too much sushi. All in all, mission accomplished!

Before the event on Thursday I went by the BNN Bloomberg studios for a TV interview with Catherine Murray. It was a lot of fun.

Here’s the video:

I can't afford real estate in Palo Alto (yet), but I can comfortably afford to take a ride with Palo Alto's namesake security software firm Palo Alto Networks $PANW.

Today, $PANW stock popped its head above recent resistance and printed a new all-time high, flagging some bullish intentions ahead of their next earnings release in early September. And this aligns nicely with our bullish outlook in the name.

From the desk of Tom Bruni @BruniCharting

This week we added Canadian Stock Market and Sector Indexes and the entire TSX 60 to our chartbook coverage. To kick that off, I want to take a look at the Canadian Energy market and share what we're seeing.

Recently, an All Star Options subscriber wrote to me asking about some hard "rules" that I follow in entering and managing trades. The assumption was that I have some rules that I absolutely stick to which apply to every trade. As a guy who loves following rules when it comes to certain types of trading, I'm sorry to report that options trading isn't so cut-and-dried. There is nuance to position selection and management. It's much more art than science.

So while there are no one-size fits all answers to any questions about strategy selection, strike selection, and position management -- I've developed a few guidelines for myself that I rely on regularly as I ply my craft in the options market.

From the desk of Tom Bruni @BruniCharting

Last month we added the Investors Business Daily 50 List to our chart coverage. This list combined relative strength and strong fundamentals to highlight 50 of the best stocks in the market. Today I updated the Chartbook for members, so I wanted to highlight some of the best names I'm seeing on this list across several sectors of the market.

First, let's start off with a daily chart of the IBD 50 ETF $FFTY. Prices have been in a strong uptrend and look to be continuing higher after a failed breakdown below 35.15 and test of the 200-day moving average (if you're into that sort of thing). Momentum remains in a bullish range, so if prices are above 35.15 our upside objective continues to be 40.75.

Click on chart to enlarge view....

Next up in the Bull Market Rotation Wheel of Fortune: Airlines.

The S&P 500 printed a new all-time high on Tuesday (Aug 21), so naturally we should expect a broadening spectrum of sectors and stocks participating to the upside. The airlines have been a bit of a laggard in the transportation sector, but appear as a whole to have put in an important base with many names starting to breakout to the upside.

We've got a play to take flight in one of the leaders.

My favorite one lately is when the bears tell people that US Stock Market Breadth is deteriorating. It's hilarious.

Their sorry excuse for a thesis has them suggesting that there are fewer stocks participating to the upside in the U.S. Stock Market, when nothing could be further from the truth. I've been pounding the table that we continue to see an expansion in participation, which is characteristic of an uptrend and we have wanted to be buying stocks very very aggressively. That has worked out well. See here, here, here, here, here, here and here.

The...

From the desk of Tom Bruni @BruniCharting

Sector rotation. Sector rotation. Sector rotation. I probably sound like a broken record at this point, but today's theme is once again...sector rotation. This time it's Transports being helped back to their January highs by an improving Airline sector. We've spoken about the relative strength in Railroads and Trucking stocks, and acknowledged the relative under-performance in Airlines two months ago, but the data has slowly shifted.

We also pointed out that although Airlines were the worst of the Transport stocks, they were hanging in there on an absolute basis. Sure, there were weak names within the sector like American Airlines, but there were also strong stocks like United Airlines. Today, however, we're seeing the relative performance of the group trying to bottom and the absolute performance of even the weakest names improve.

With this headwind out of the way, the Dow Jones Transportation Average closed at...

During our August Members-Only Conference Call we discussed a lot of the big-picture trends from around the world and in India, but we wanted to do a long post discussing what we're seeing in the small-cap space. In this post I'll cover what we're seeing in the index itself, as well as get into some of its most actionable components.

From the desk of Tom Bruni @BruniCharting

Over the weekend as I was doing my run through the entire S&P 500, I noticed some emerging strength in areas that aren't quite as sexy as Medical Devices or Railroads (kidding). Instead, what I found was a number of potential long opportunities in the Real Estate, Utilities, and Telecom sectors. While the long-term relative performance of these sectors is nothing to write home about, as I explained in my Agribusiness post, I still think it's important to point out strength on an absolute basis because it contributes to the weight of the evidence and provides value to those who may have a portfolio approach that includes those areas of the market.

With that said, let's take a quick look at what I'm seeing.

Logistics and package delivery services provider $UPS got caught in the volatility-triggered downdraft of late January and early February of this year. It has spent the remaining part of the year forming a base and is now showing signs of filling the yawning earnings gap from February 1. We've got a play to take advantage of this gap fill and a likely return to new all-time highs.

During our August Members-Only Conference Call we discussed a lot of the big-picture trends from around the world and in India, but we wanted to do a long post discussing what we're seeing in the mid-cap space. In this post I'll cover what we're seeing in the index itself, as well as get into some of its most actionable components.