We retired our “Five Bull Market Barometers” in mid-July to make room for a new weekly post that’s focused on the three most important charts for the week ahead.
This is that post, so let’s jump into this week’s edition.
Expert technical analysis of financial markets by JC Parets
We retired our “Five Bull Market Barometers” in mid-July to make room for a new weekly post that’s focused on the three most important charts for the week ahead.
This is that post, so let’s jump into this week’s edition.
We noticed a weakening momentum in several indices across the globe even as big talk of ‘Budget correction’ started to gain traction. In order to benefit from the short-term negative move, we identified strong and weak sectors over a short-term time frame. For the first time in a long time, we also shared a bearish trade idea in our Trade of The Week post.
Today we’re going to look at some more short setups that are on our radar, in order to benefit from the dip in momentum we’re witnessing.
Read on to know more.
The market had given us an indication of a weakening short-term momentum at the end of last week. We thought this would be a good time to go through the sectoral indices to identify strengths and weaknesses.
Read on to know more.
In the week gone by, we saw a weakening sentiment develop on the Nifty 50 daily chart. We looked at this through a lens of caution and continue looking for signals that either strengthen or negate this thesis.
At All Star Charts we follow a top-down research approach whereby we track all the asset classes and global markets in order to arrive at our view. In our weekly analysis, we carried out the same process and saw a pattern worth mentioning.
Let’s take a look at some charts!
This week we’re looking at one long setup and one short setup. The sectors we’ve identified are Consumer Durables for a bullish trade and Financial Services for a bearish trade. [Read more…]
We retired our “Five Bull Market Barometers” in mid-July to make room for a new weekly post that’s focused on the three most important charts for the week ahead.
This is that post, so let’s jump into this week’s edition.
We put out a post highlighting the negative divergence in Nifty50 on the daily chart this week.
While short-term investors have something to look into, should long-term investors re-evaluate as well?
Read on to learn more…
Nifty 50 has gone ahead and given us a signal of caution after a relentless rally. While we have seen days of a pause in short-term momentum in the past, this time around there’s a slight difference.
Let’s take a look at the daily chart to see what we’ve got here.