From the desk of Tom Bruni @BruniCharting

In June we outlined that the "Reflation Trade" indicators we track had picked up significantly after reaching levels of long-term support in March.

Since then that thesis has played out and we've been taking advantage of it in Metals, cyclical stock market sectors like Materials and Industrials, and even Agricultural Commodities which managed to break out.

But...after a nice run many of these assets and intermarket relationships have pulled back over the last month or so...begging the question "is the reflation thesis over?"

Luckily for us, we only need one chart to discuss what's happening and how we're approaching it.

Since late August we've been discussing the slow, but steady growth in the number of bearish data points pertaining to Indian Equities.

This week we got another one, with a failed breakout in the Nifty Small-Cap Index. Let's take a look at what has happened, what it means, and how we're approaching it.

Here's the Nifty Small-Cap 100 Index chart we shared with members in our Sunday evening post discussing three charts for the week ahead. What we noted was that it was the only major nifty index to make new marginal highs last week, while the Nifty 50, Nifty, Nifty Next 50, and Mid-Cap 100 all made lower highs.

This week we're looking at a long idea in the Pharma space.

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.

Two things on our radar have been the Euro/Rupee pair and Natural Gas, and both are retesting key levels this week.

Here's a quick update of our risk management levels and broader thesis.

From the desk of Tom Bruni @BruniCharting

In yesterday's Members-Only Conference Call, we outlined our view on Precious Metals and provided several new trade ideas in the space.

All of the Miners we looked at were US-listed, so today I want to look to those listed on the TSX to outline which have the best reward/risk at current levels.

Last night we held our September Monthly Conference Call which our Premium Members can access and rewatch here.

In this post, we'll share five of the most important charts along with JC's commentary of them and a brief explanation for each.

This week we're trying a long idea in the IT space.

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.

In late July we reiterated our bullish stance on Reliance and since then prices have pushed to new all-time highs on an absolute and relative basis.

In this post, we outline what's next for the stock.

The Top/Down approach to markets is at the core of what we do at All Star Charts. That means starting at the asset class level and peeling back each layer to refine our view of the smaller components that make up that asset class. With each new layer, we discover information that helps us form our weight of the evidence conclusion.

That brings us to our weekly column, The Top/Down Take, where we hope to educate readers on how we execute this process and highlight its value through the analysis of popular stocks.

Last time it was Vodafone Idea Cellular, but today the stock we're looking at is Tata Consultancy (TCS) which made new all-time highs this week.