From the desk of Tom Bruni @BruniCharting
The Equally-Weighted Semiconductor Index recently made new all-time highs, while the cap-weighted sits a few below its 2018 highs. What’s next for Semis? That’s what I hope to answer in this post.
[Chart(s) of The Week] Participation In Two Key Sectors Remains Weak
Yesterday during our Members-Only Conference Call we discussed a lot of themes and trade ideas, but I wanted to highlight two charts that remain an issue for our bullish Equities thesis. [Read more…]
Measuring Breadth Since January 2018
From the desk of Tom Bruni @BruniCharting
My presentation at Chart Summit 2019 focused on market breadth and how we like to keep our process of looking at the subject pretty simple.
While that presentation covered a number of our methods of measuring the market’s internals, in this post I want to share some stats we pulled this weekend that help provide some valuable context around the market’s rally from the December 24th lows.
[Premium] Signs Of A Long-Term Bottom Emerge
In our “Free Chart of The Week” we posed the question whether or not we’ve seen the end of the Mid/Small-Cap decline and presented some compelling breadth and momentum data.
This post is going to outline all of the “big picture” evidence that’s currently available and explain why we think the foundation has been laid for stocks to carve out a long-term bottom. [Read more…]
Broadening Upside Participation In Tech Stocks
The noisemakers love to talk to you about something they like to call FANG, or FAANG or FAAMG. I think they change it each time, depending on which narrative their trying to pass along to the unaware. They’re here to make noise, we’re only here to make money. See the difference?
What you will hear every day, if you choose to subject yourself to their crap, is that Google and Amazon are only up 6% this year. What you won’t hear is that the Equally-weighted Technology Index just broke out to new all-time highs relative to the traditional Market Cap-Weighted Technology Index. [Read more…]
Advance-Decline Line Hits New All-time Highs!
When it comes to market breadth, the Advance-Decline line is definitely one of our go-to’s. This indicator calculates the net advancers. In other words, the number of advancing stocks less the number of declining stocks. This cumulative measure goes up and down over time, similar to the market indexes themselves.
Something to keep in mind is the fact that we use the Common Stocks Only A-D Line because there are other vehicles that trade on the NYSE, like closed-end funds for example. If we’re analyzing the stock market, let’s stick to just stocks in our indicators. [Read more…]
[Premium] US Breadth Update
From the desk of Tom Bruni @BruniCharting
As part of my preparation for my Chart Summit presentation on market breadth, I’m looking at a lot of charts this week. In this post I’ll share a bunch of them to provide some perspective on where US markets currently sit from a participation perspective.
Financials Need A Breadth Mint
Tuesday we posted a mystery chart and asked you all to let us know what you would do. Buy, sell, or do nothing?
Most of you agreed that it looked like a structural breakout that we should be buying as long as prices are above resistance.
So today we want to reveal the full chart and why it’s relevant.
