There's a lot going on in the world right now, and India specifically, but one positive to come out of all this mess is we may be seeing a more clear trend develop in USD/INR.

Let's take a look at what's happening.

From the desk of Tom Bruni @BruniCharting

Copper is important for a variety of reasons, but it's often discussed within the context of global growth expectations.

Given we just hit 2-year lows it may be a good time to discuss Dr. Copper, why he may be headed into "critical condition", and what it could mean from an intermarket perspective.

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?

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?

From the desk of Tom Bruni @BruniCharting

Cannabis stocks have been a bit of a disaster since late March, but let's take a look at what's happening and if there's a way to play it.

From the desk of Tom Bruni @BruniCharting

Wednesday morning I outlined the charts we were watching ahead of the Fed Decision and what we would need to see before getting out of the way and reevaluating our bullish Equities and US Interest Rates thesis.

Today I want to look at those same charts and note what's changed and how we're moving forward.

Today we're going to look at July's monthly charts and identify the changes worth noting.

Tuesday's Mystery Chart received a lot of responses, with most of you were erring on the long side.

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

Here's SBI Life Insurance Company Ltd. attempting to break out above its post-IPO base while the more traditional "banking stocks" are being hit hard. Sure the price action is a bit choppy, but it's not going down like many other stocks in the sector and market.

Click on chart to enlarge view.

The reason this chart stood out to us is that the relative strength is obvious and suggests that these stocks will lead to the upside once the market gains its footing. As long as prices are above their recent lows of 732, the bias is to the upside towards 952.

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.

I received a lot of answers, but I'd say 2/3 of you were buyers and the other 1/3 were sellers.

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

From the desk of Tom Bruni @BruniCharting

This post is a deep dive into the Social Media subsector, which was the topic of this week's Mystery Chart.

For full the full context around this post, please read that one first.

From the desk of Tom Bruni @BruniCharting

As part of our Institutional Top 10 Charts report on February 21st, we wrote about why Litecoin was leading the Cryptocurrency regime change.

Several weeks later on April 3rd, we followed-up on that call by noting the improving price action of Bitcoin and Ethereum and suggesting a long-term bottom was likely in for the Crypto space.

Several months later, let's see where we are now.

Today we're looking at a chart that highlights a major divergence that's plagued the Indian stock market since January 2018.

We've spoken about this topic in the past, but keep drilling it home every few months because it remains one of the key reasons why Indian Equities as an asset class are struggling.