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.
Expert technical analysis of financial markets by JC Parets
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 Tom Bruni
While updating this Chartbooks this weekend there were a few stocks that we’ve spoken about in the past, but I wanted to follow up on given they’re near actionable levels.
Several shorts, a few longs, and one to keep on your radar.
Let’s take a look.
by JC
Remember last year, and the year before that, and the year before that, when Amazon would just rip higher all the time? That uptrend came to an abrupt halt last Fall, and $AMZN came tumbling down like many other stocks around the globe. After almost a year of consolidation, it appears as though Amazon shares are ready to get going again. [Read more…]
by JC
This is the video recording of the July 2019 Conference Call.
by Tom Bruni
From the desk of Tom Bruni @BruniCharting
Last week I posted the mystery chart pictured below to see what people were thinking once they removed the biases of knowing the security name, timeframe, or etc. and had only price to rely on.
Most people were on the same page as I am, thinking this is a structural trend change that we want to be buying, not selling. A few people were hesitant and wanted to see more before getting involved, but very few, if any, were sellers.
by JC
What do we know about new all-time highs? We know they’re not a characteristic of a downtrend.
I often get that guy that comes to me and says, “Well every new downtrend must start from a new high”. Yes, and that must be a great way to go through life.
You see, markets trend. That’s why Technical Analysis works. That’s why this is so valuable. Because if you can recognize the direction of the underlying trend, you’re already way ahead of the pack. The likelihood for a trend to continue in its path is exponentially higher that for it to reverse. A 4-year old can recognize if a chart is going up, down or sideways. It’s the adults that have more trouble with this.
As I went through all my weekly charts this weekend, I noticed an interesting underlying theme: New Highs. [Read more…]
by Tom Bruni
From the desk of Tom Bruni @BruniCharting
The Dow Transports are the talk of the town due to their lack of trend on an absolute basis and their underperformance relative to the Dow Industrials, so I want to take a quick look and see if there are any themes we can take advantage of within its subsectors.
by Tom Bruni
The weakness in Consumer Goods we’ve been talking about since March and April continues, so today we want to look at a short opportunity in Godrej Consumer Products, which makes up roughly 5.50% of the Nifty Fast Moving Consumer Goods Index.
[Read more…]