Tuesday’s Mystery Chart received similar responses, with most people looking to get long if prices were able to hold above support.
Now, let’s look at the chart and levels. [Read more…]
Expert technical analysis of financial markets by JC Parets
by Tom Bruni
Tuesday’s Mystery Chart received similar responses, with most people looking to get long if prices were able to hold above support.
Now, let’s look at the chart and levels. [Read more…]
by Tom Bruni
We continue to see prices in the major indices bounce as breadth and momentum divergences remain intact, however, many of the trades we’ve outlined have moved away from their optimal reward/risk level.
Today we’re outlining stocks we can be buying today, or in the near-term.
[Read more…]
by Tom Bruni
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?
by Tom Bruni
This post is going to update some key levels in the Commodities we’ve been watching/participating in.
by JC
This is the recording from the live August 2019 Conference Call for Members of the Allstarcharts India! Before getting into individual stock ideas in India, we’re going to first start with the global macro perspective. Once we identify the direction of the underlying trends from a structural and broader view, then we’ll dive into the NIFTY Indexes on both longer-term and short-term timeframe. We want to look at Large-caps, Small-caps and everything in between before getting into the Sector and Industries themselves like Energy, Banks and Pharma.
This is when we finally break things down to the individual stock scenario with identified risk vs reward opportunities. That is what this is all about – aligning ourselves in the direction of the underlying trend while at the same time identifying where the risk is to make sure the potential reward is skewed exponentially in our favor. You will find that throughout this process we discuss Momentum, Fibonacci and Relative Strength. I encourage you to check out the Education Section so you know exactly where I’m coming from when you hear me mention these tools.
Here is the video in full:
by Tom Bruni
This post is a continuation of this week’s Mystery Chart Reveal in which we discuss many of the big bases forming in the Energy sector.
by Tom Bruni
Tuesday’s Mystery Chart received similar responses, with most people looking to short the stock on a break below support.
Now, let’s look at the chart and its related theme. [Read more…]
by Tom Bruni
Yesterday we discussed the major indices in India and how the weight of the evidence is beginning to suggest we’re close to a tradeable low.
In today’s post, I want to outline two “trash to treasure” trade setups that are low probability in nature but offer a ridiculously skewed reward/risk at current levels.
If you haven’t read our past posts on identifying counter-trend trades and managing them, we’d highly recommend doing so before continuing.