Relative strength charts are a great tool to identify where the big money is flowing into and out of.
Today, we’re looking at a chart that suggests one sector is getting ready to outperform the broader market again.
Expert technical analysis of financial markets by JC Parets
by Tom Bruni
Relative strength charts are a great tool to identify where the big money is flowing into and out of.
Today, we’re looking at a chart that suggests one sector is getting ready to outperform the broader market again.
by Tom Bruni
Since early March we’ve been highlighting the many signs that pointed to the Rupee’s longer-term weakness.
Today, we want to check in on our broader thesis and outline why that weakness may accelerate soon.
by Tom Bruni
The Nifty Pharma sector has been a favorite of ours since last November, with many trade ideas popping up along the way.
Today, we’re doing a deep dive into the sector to identify the strongest names that we’d want to be buying on any weakness that may be created by the Nifty 50 and other major indices reaching overhead supply.
by Tom Bruni
One of our “Five Bull Market Barometers” is the Nifty 100/Nifty Small-Cap 100 ratio due to its importance as a measure of risk appetite.
Today, we want to look at a more concentrated version of this ratio, the Nifty 50/Nifty Small-Cap 100, which is a major inflection point.
Let’s discuss what’s happening and why it’s important to our broader view on Equities as an asset class.
by Tom Bruni
In early May we outlined the “Five Bull Market Barometers” we’re watching to identify the beginning of a new bull market in stocks.
If you haven’t read our initial post linked above, we’d encourage you to check it out so you understand what the rationale behind these five indicators is.
It’s also worth pointing out that last week we noted that despite the slight improvement in two of these measures, zero of the five were above their key risk levels. Despite that, the market was telling us that the short-term momentum remained to the upside and our long ideas were working well.
After a couple of strong weeks in the market, let’s take a look and see how these longer-term indicators have fared.
by Tom Bruni
We’ve been writing about how the momentum is to the upside for the last few weeks, but now prices are testing overhead supply across all the major Nifty indices.
If you haven’t read our last few posts we’d highly encourage it, as they outlined our shorter-term views within the context of the long-term trends.
If you’re all caught up, then let’s take a look at the levels we’re watching in the Nifty 50 and other indices.
by Tom Bruni
US Stocks remain the strongest game in town, with the Nasdaq 100 closing pennies from all-time highs today.
On the back of that, I wrote a post for US Subscribers outlining what the “safe haven” assets of Yen, Treasury Bonds, and Gold are doing and what it means for stocks as an asset class.
Given that US market action tends to set the tone for the rest of the world, I think it’s a good read for Indian market participants as well.
Today I want to follow up on JC’s post about the direction in which consolidations are resolving, specifically as it relates to Yen/Bonds/Gold and other intermarket risk barometers in our toolbelt.
Let’s take a look at the charts and see what conclusions we can draw and what questions we can ask about the future.
by Tom Bruni
Looking at Monthly Charts only takes about an hour per month and is one of the most valuable exercises in our process. By focusing on the long-term, we can filter out the noise and identify what’s really happening with a stock, index, etc.
In this post, we wanted to share a few charts that stood out to in May.