We retired our "Five Bull Market Barometers" in mid-July to make room for a new weekly post that's focused on the three most important charts for the week ahead.
This is that post, so let's jump into this week's edition.
One of the most valuable parts of our day has become reading The Chart Report India daily email.
It's impossible to catch everything that's going on in the markets on a daily basis, but we know that The Chart Report India will help us stay on top of the most significant market insights.
In just a few minutes of reading, we get a recap of what the top technicians in the world are watching in the Indian markets.
Like this tweet below from Nautilus Research, which was featured in the October 28th daily email.
In this case, Emerging Markets outperformance has been something we've been talking about for a while, but seeing its isolated performance relative to Europe really helped highlight what's driving the weakness.
In this post, we want to share some research that was provided to our US Subscribers, which attempts to explain why the difference in Interest Rates in Europe and the US is causing trouble in the markets.
Everything between the horizontal lines was written for US subscribers, so keep that in mind as you're reading it. The conclusion/takeaway for India is way at the bottom in bold.
As Market Technicians, we are in the data visualization business. We're looking to visualize the behavior of market participants by analyzing price and its derivatives via traditional charts, spreadsheets, and other methods.
Today we want to introduce a slightly different way we like to visualize market behavior as we may begin incorporating it into our analysis more often if you find it helpful.
Without further ado, let's check out some "Bubble Charts."
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 nifty market indexes continue to chop around, creating more failed moves on the upside and downside.
Today we're going to take a look at a few failed breakouts that could serve as very tactical setups on the short side or simply further evidence of the type of choppy environment we're in.
We retired our "Five Bull Market Barometers" in mid-July to make room for a new weekly post that's focused on the three most important charts for the week ahead.
This is that post, so let's jump into this week's edition.