In this quick post, we’re looking at two widely-followed stocks that we want to be avoiding, each for their own, but similar reasons.
Let’s get into it.
Expert technical analysis of financial markets by JC Parets
by Tom Bruni
In this quick post, we’re looking at two widely-followed stocks that we want to be avoiding, each for their own, but similar reasons.
Let’s get into it.
by Tom Bruni
We’ve gotten a few questions about the stock, Spencer’s Retail Ltd., since it rallied more than 50% over the last few weeks on news of a large shareholder building a position.
The question now is, can this run continue and how do we define our risk if involved in the stock?
Let’s take a look.
by Tom Bruni
This is the recording from the live January 2020 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
Yesterday’s candle in most of the major indices was a “Bearish Engulfing” candle, which is a short-term reversal signal when it comes in an uptrend.
In today’s post, I want to bring that development to your attention and explain what it means within its longer-term context.
by Tom Bruni
Roughly 2 months ago we outlined why there was potential for strength and outperformance from the Nifty Pharma sector and its components.
We’ve gotten some nice moves since then and given the rotation we’re seeing in other areas of the market like Consumer Goods and Technology, the charts are suggesting Pharma stocks are getting ready to accelerate to the upside.
by Tom Bruni
The Large-Cap indices continue to churn near the highs as Mid and Small-Cap stocks play catchup. Sector leadership remains clear, but we’re now beginning to see signs that a former leader turned laggards may start heating up again.
Earlier this week we looked Consumer Goods before they broke out and Technology looks to be showing similar signs of buying pressure.
Let’s take a look.
by Tom Bruni
In an environment where we want to be buying stocks, we primarily want to focus on areas of relative strength. With that being said, we also want to be aware of those areas showing relative weakness so that we can avoid them on the long side and short them when the environment is more conducive to shorts.
One clear area of weakness remains Nifty PSU Banks, so let’s take a closer look at what’s going on.
by Tom Bruni
The Large-Cap indices continue to churn near the highs as Mid and Small-Cap stocks play catchup. Sector leadership remains clear, but we’re now beginning to see signs that a former leader turned laggards may start heating up again.
Let’s take a look.