In our last post, we wrote about two stocks we wanted to be avoided as they’re showing relative weakness.
Today our attention turns to the Energy Sector which is making 1-year lows relative to the Nifty 500. Let’s take a look.
Calling All Canadian Investors
From the desk of Tom Bruni @BruniCharting
Given our expectation of a choppy market environment over the coming weeks and months, we’re focusing on areas of relative strength/weakness.
Canadian Telecom stocks are hitting new all-time highs on an absolute basis, presenting some new trading opportunities on the long side.
A Non-Random Walk With Small-Caps
Ok so if you’re not caught up with our approach to the market right now, I encourage you to read both “We’re Buying Bonds” and “Selling Emerging Markets” from this weekend.
Today I want to talk about the non-randomness of markets. I think the Russell2000 Small-cap Index is a great example to walk through. For one, it helps you understand the way we look at markets, but selfishly it’s also great because it reiterates a lot of principles that I want to continue to focus on moving forward. Writing helps. Everyone wins. [Read more…]
We’re Selling Emerging Market Stocks
Here’s what it looks like: [Read more…]
It’s Time! We’re Buying Bonds Now
I like to keep an open mind. When the data suggests getting more aggressive towards stocks, that’s what we’re going to do. When the data points a more defensive approach, then that’s what we’ll do too.
We’ve had a heck of a run in stocks since the summer, and now I think it’s time for a break, at least at the index level. Remember, regardless of overall market conditions there will still always be some stocks going up and some going down. In fact, I think Utilities see some outperformance here and I listed which stocks we want to own. So far they’re working.
Anyway, so why the new defensive position? Well, the things we said needed to happen for us to pull back are starting to happen. It’s really as simple as that.
Let’s get into it: [Read more…]
Two Stocks We’re Avoiding
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.
Chemicals > Mining In Toxic Materials’ Space
From the desk of Tom Bruni @BruniCharting
Thank you to everyone who responded to this week’s mystery chart.
No mixed opinions this week, almost everyone saw the pullback into support as a successful breakout retest and was a buyer.
With that as our backdrop, let’s take a look at this week’s chart. [Read more…]
Managing Risk As Spencer’s Retail Ltd. Reverses Trend
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.
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