From the desk of Tom Bruni @BruniCharting
Cannabis stocks have been a bit of a disaster since late March, but let’s take a look at what’s happening and if there’s a way to play it.
Expert technical analysis of financial markets by JC Parets
by Tom Bruni
From the desk of Tom Bruni @BruniCharting
Cannabis stocks have been a bit of a disaster since late March, but let’s take a look at what’s happening and if there’s a way to play it.
by Tom Bruni
From the desk of Tom Bruni @BruniCharting
This post is a deep dive into the Social Media subsector, which was the topic of this week’s Mystery Chart.
For full the full context around this post, please read that one first.
by Tom Bruni
From the desk of Tom Bruni @BruniCharting
As part of our Institutional Top 10 Charts report on February 21st, we wrote about why Litecoin was leading the Cryptocurrency regime change.
Several weeks later on April 3rd, we followed-up on that call by noting the improving price action of Bitcoin and Ethereum and suggesting a long-term bottom was likely in for the Crypto space.
Several months later, let’s see where we are now.
by Tom Bruni
We’ve been writing about Financial Services/Bank Stock outperformance for a while, especially as it relates to the breadth of the broader market.
Despite Financial Services accounting for a third of the Nifty 500’s weighting, they cannot support the entire market on their own. Especially if/when they need to correct…like they are now.
That brings us to today’s charts.
by Tom Bruni
From the desk of Tom Bruni @BruniCharting
We’ve been watching some of the Energy ETFs we track most of this year for potential mean-reversion opportunities on the long side.
We recently discussed for our Institutional Clients an opportunity in the Small-Cap Energy ETF (PSCE), which rallied 17.50% from its 2018 lows before reversing back to those levels again.
The main issue in Energy remains that there appears to be an attractive mean reversion opportunity at the ETF level, but when we drill down into individual stocks there aren’t many clean setups…making it difficult to identify what the main drivers of this move higher would be.
Let’s take a look.
by Tom Bruni
From the desk of Tom Bruni @BruniCharting
We’ve been pointing to the improving relative strength of Financials in the face of falling Interest Rates in the US and around the world.
Today I want to focus on what we’re seeing in Regional Banks.
by Tom Bruni
From the desk of Tom Bruni @BruniCharting
When going through my chartbooks this weekend one chart stood out to me, highlighting a theme we’ve been pointing out to our Institutional Clients that’s worth mentioning again.
by JC
This is the video recording of the July 2019 Conference Call.