When trading against the primary trend, there are a few things we look for to define our risk and raise our probability of success.
[Read more…]
Insurance Stocks Weathering The Storm
From the desk of Tom Bruni @BruniCharting
Wednesday’s Mystery Chart is one of my favorite right now, so thank you everyone for your feedback and participation.
I received a lot of answers, but most of you were skeptical of the breakout and wanted to see more before getting involved. A few others wanted to be long with a tight stop and few, if any, were sellers.
With that as our backdrop, let’s get into it.
The Trend Is Not Our Friend
From the desk of Tom Bruni @BruniCharting
The trend is your friend…but what do we do if there is no trend?
All Star Interviews Season 2, Episode 22: Paul Ciana, Chief FICC Technical Strategist at Bank of America Merrill Lynch Global Research
Paul Ciana and I go way back to 2006 when him and I were studying for the CMT exams together. Today, Paul is the Chief FICC Technical Strategist at Bank of America Merrill Lynch Global Research. In English, that means everything outside of equities. It’s nice to see your friends succeed and watching him crush it is definitely one for the good guys.
In this podcast episode we dive deep into the FX world where Paul walks us through 3 important currency pairs that all stock market investors should follow. We talk about Crude Oil and Gold and other precious metals. The Dollar is a key focus right now for both Paul and me, so we get into what the implications are for stocks and other assets around the world.
I really enjoyed this conversation. It could have gone on for hours and hours. We’re lucky to have Paul come on the podcast. He speaks to the biggest PMs in the world on a daily basis and has been doing that for close to a decade and half. His unique perspective is a huge value add for sure! [Read more…]
Price Still Trumps News
From the desk of Tom Bruni @BruniCharting
I couldn’t help but see many of the same folks who were happy about Trump’s “Trade Deal” tweets when they drove the stock market higher complaining as his tweets sent Futures lower on Sunday night and again today after the bell.
I thought this might be a good time to remind ourselves of something.
[Premium] Analyzing The Pharma Sector’s Health
The Pharma Sector had been improving from a structural perspective, but recent action and breadth may be suggesting the space is falling ill again.
Let’s examine the evidence.
Here’s Why We’re Buying Chinese Internet Stocks
With the Chinese Internet Index closing at new 7-month highs this week, have we seen the move already, or are we just getting started?
One thing we know for sure by studying history is that stock prices trend. That’s why Technical Analysis works. These tools help us identify those trends. Many academics will tell you that these consistent series of higher highs and higher lows over time are just random. The truth is you can show these charts to a 5 year old and the kid will tell you that yes, this stock is going up, or no this stock is going down. You can even argue that a trend is sideways, but that is trend recognition nonetheless.
It’s very clear that markets trend, particularly stocks. They go up over time and they go down over time. A stock making new highs has a higher likelihood of continuing to make new highs vs turning around and beginning a new trend. An object in motion tends to stay in motion, is how Newton taught us. It’s the same in stocks, which are driven by e-motion. (See what I did there?) [Read more…]
Different Month, Same Issue
Last month price finally confirmed many of the divergences we were seeing under the surface and stocks began to correct…yet the Nifty 50 is sitting just shy of its all-time high.
What gives?
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