This post is a continuation of this week's Mystery Chart Reveal in which we discuss many of the big bases forming in the Energy sector.

Tuesday's Mystery Chart received similar responses, with most people looking to short the stock on a break below support.

Now, let's look at the chart and its related theme.

From the desk of Tom Bruni @BruniCharting

Tuesday's Mystery Chart is one of my favorite charts right now, so thank you all for your feedback and participation.

Everyone was on the same page here, waiting for a resolution before getting involved. Sometimes nothing is the best answer, that's why it's one of the choices.

With that as our backdrop, let's get into it.

From the desk of Tom Bruni @BruniCharting

Retail ETF XRT is at an interesting level, so in this post we're gonna take a look at its chart and what the internals are suggesting for the sector in the weeks/months ahead.

Continuing a theme that we started the week with, we're still on the hunt for attractive long opportunities in the strongest sectors. When markets get choppy and uncertainty about market regime change looms, I seek relative safety in the corners of the market that have continued to hold up well. And since the beginning of August, one of those sectors has been the Medical Devices sector.

And here's one of the names showing signs of a developing breakout.

From the desk of Tom Bruni @BruniCharting

New Mystery Chart!

For those new to the exercise, we take a chart of interest and remove the x/y-axes and any other labels that would help identify it. The chart can be any security in any asset class on any timeframe on an absolute or relative basis. Maybe it's a custom index or inverted, who knows!

We do all this to put aside the biases we have associated with this specific security/the market and come to a conclusion based solely on price.

You can guess what it is if you must, but the real value comes from sharing what you would do right now. Buy, Sell, or Do Nothing?

Yesterday we discussed the major indices in India and how the weight of the evidence is beginning to suggest we're close to a tradeable low.

In today's post, I want to outline two "trash to treasure" trade setups that are low probability in nature but offer a ridiculously skewed reward/risk at current levels.

If you haven't read our past posts on identifying counter-trend trades and managing them, we'd highly recommend doing so before continuing.

New Mystery Chart!

For those new to the exercise, we take a chart of interest and remove the x/y-axes and any other labels that would help identify it. The chart can be any security in any asset class on any timeframe on an absolute or relative basis. Maybe it's a custom index or inverted, who knows!

We do all this to put aside the biases we have associated with this specific security/the market and come to a conclusion based solely on price.

You can guess what it is if you must, but the real value comes from sharing what you would do right now. Buy, Sell, or Do Nothing?

The major indices in India are stuck in "no man's land" right now, making it a tough trading environment for many.

In this post, we're going to take a quick look at what that means and how we're approaching it.

From the desk of Tom Bruni @BruniCharting

In early July we were looking at some divergences that were signaling a potential short-term bottom in US Interest Rates.

That thesis was quickly proven wrong as global yields pulled the US down with them, and last week in our Conference Call we discussed our current outlook for Bonds and their many intermarket relationships.

Earlier this week JC discussed the fact that Bonds are at an interesting level relative to the S&P 500 as well.

Yesterday I discussed some of the pitfalls to avoid when using Bond ETFs as a proxy for the underlying assets.

Needless to say, we've been talking a lot about Bonds.

In this post, I'm going to take a simplified look at price action and momentum of the 2, 5, 10, and 30-Year Treasuries to assess the reward/risk and if there's a short-term trading opportunity at current levels.

From the desk of Tom Bruni @BruniCharting

Tuesday's Mystery Chart is one of my favorite charts right now, so thank you all for your feedback and participation.

Almost every one of you said you were selling the stock in question as it put in a failed breakout, while a handful of you were doing nothing and buying the subsequent breakout with me.

With that as our backdrop, let's get into it.

From the desk of Tom Bruni @BruniCharting

This week I've seen a chart of High Yield relative to Investment Grade Bonds floating around with various conclusions, but I wanted to use this to highlight some things to consider when using Bond ETFs as a proxy for what's happening in the market it's meant to track.