In July I looked at the trend and momentum readings of stock markets around the world and US Sectors and Sub-Sectors to identify the overall risk appetite for Equities. Today's update will perform the same exercise and compare the results to determine if breadth has improved, deteriorated, or stayed the same, as well as what the implications of these changes are.
In July I looked at the trend and momentum readings of stock markets around the world and India's Sectors to identify the overall risk appetite for Equities. Today's update will perform the same exercise and compare the results to determine if breadth has improved, deteriorated, or stayed the same, as well as what the implications of these changes are.
Since we launched Allstarcharts Indiain January, we've seen great traction and have gotten a lot of feedback and suggestions from our readers and subscribers. In fact, many of the ideas we've added to the platform and are currently working on have started from conversations with you all.
A major part of the thesis for higher prices in Canada was the breakout in Financials (and REITS) which represent roughly a third of the TSX Composite, however, over the last few weeks we've seen failed breakouts in many of these leading stocks.
In this post I'll highlight some charts identified during my Chartbook update that describe the type of environment we're in for Canadian stocks and why a more neutral stance appears appropriate. Given the correlation between equity markets around the world, I'd also encourage you to read some of our other free pieces about the US here, here, here, and here.
After last week's move to the downside I figured there would be a lot of changes to the IBD 50, and there were, so I want to highlight the characteristics of some names that continue to hold up well.
For most of the year we've been talking about downside in Bonds and the potential effects that would have on Equities and Commodities. With rates extending their gains to start the fourth quarter, we're going to use this post to look at the structural trends in Commodities and determine which are best positioned to benefit if we start to see money rotate.
Small and mid-caps have been hit hard since late August, so rather than look for short opportunities after a large move, we're looking for potential counter-trend trades on the long side. Today's candidate is PTC India.
Mid and small-caps have been hit hard over the last month, so I wanted to do a quick update post on how we should be approaching these indexes over the short-term.
Earlier this month we did two Energy updates from the top-down, ultimately drilling into the best individual stock opportunities in both Canada and the US. I feel like there's been a lot of noise around Crude Oil and Energy in general because of OPEC, Trade Wars, and whatever else the media can come up with, so I just want to do a quick update on what we're seeing in Energy Commodities.
September has been a month where the market's experienced some sharp moves to the downside, so I want to use this post to review what we spoke about last month and provides some context around any changes that have occurred since then.
Last week was our Members-Only Conference Call, where we discussed what we're seeing in Equities, Commodities, and Currencies. During our discussion around Equities there were two themes that came up over and over again due to their impact on the overall market's direction: weakness in the Financial Services sector and small-cap under-performance.
Given the mixed signals we continue to get from this market, I wanted to share my thoughts on these themes and get feedback on what you all are seeing out there.