Up down up down, the choppy world of currencies continues to frustrate market participants.

In this post we'll provide an update on USD/INR and look at the other pairs to see if our views there need to change at all.

From the desk of Tom Bruni @BruniCharting

Today we want to look at why the difference in Interest Rates between European and US Bonds are causing trouble in the markets.

From the desk of Steve Strazza @Sstrazza and Louis Sykes @Haumicharts

At the beginning of each week, we publish performance tables for a variety of different asset classes and categories along with commentary on each.

Looking at the past helps put the future into context. In this post, we review the relative strength trends at play and preview some of the things we’re watching in order to profit in the weeks and months ahead.

We discussed markets remaining more or less a mixed bag over recent weeks/months. At the same time, we've pointed out how the weight of the evidence continues to tilt gradually in the direction of the bulls, particularly due to the action we've observed in key risk assets.

This week, we finally witnessed a meaningful rotation into reflationary assets as yields rallied to their highest levels since June. We also saw a noticeable strengthening from cyclicals.

We think this kind of rotation is a very healthy development for markets.

When investors bid up more economically sensitive assets it speaks to...

This is the video recording of the October 2020 Conference Call.

From the desk of Steve Strazza @Sstrazza and Louis Sykes @Haumicharts

At the beginning of each week, we publish performance tables for a variety of different asset classes and categories along with commentary on each.

Looking at the past helps put the future into context. In this post, we review the relative strength trends at play and preview some of the things we’re watching in order to profit in the weeks and months ahead.

In recent RPP Reports, we discussed how markets had become more of a mixed bag, particularly equities as they try to recover from September's selloff.

Although, with each passing week we're still seeing more bullish data points than bearish ones, even if only at the margin.

We're still waiting for many of the key assets that we mentioned were trading right at or near critical levels in recent weeks to choose a decisive direction.

We have plenty to cover, so let's kick things off with the US Index table.

As you can see, it was a...

From the desk of Steve Strazza @Sstrazza and Louis Sykes @Haumicharts

At the beginning of each week, we publish performance tables for a variety of different asset classes and categories along with commentary on each.

Looking at the past helps put the future into context. In this post, we review the relative strength trends at play and preview some of the things we’re watching in order to profit in the weeks and months ahead.

In recent week's RPP Reports, we've discussed how Equity Markets had become more of a mixed bag with many key assets trading right at or near critical levels.

This week, we'll follow up on some of these areas we've been pointing out in recent reports and see how they look now.

The bottom line is that while there have definitely been more bullish than bearish developments since last week, prices continue to flirt with the risk levels we've previously outlined.

We still believe the weight of the evidence is in favor of the bulls, but with so many assets at inflection points, we're paying close attention to every new day's data as it...

From the desk of Tom Bruni @BruniCharting

For our timeframe, we prefer to look bigger picture and not get caught up in the day to day noise.

That's why we have our Monthly Candle Strategy Sessions and Monthly Conference Call where we focus on the broader themes and how to take advantage of them in the market.

One of those themes we've discussed ad-nauseam is the "reflation trade", so today we're getting our magnifying glass out to look at a few daily charts that suggest more trouble/volatility could be ahead for cyclical assets in the near-term.

In an environment where volatility has picked up at the index level and there are more mixed signals in the market, we want to be more selective in the longs and shorts we put on.

An important part of tightening up our risk management across the board is knowing what timeframe is relevant to us, both at the portfolio and individual stock level.

Today we want to look at an example in Jubilant Foodworks to highlight this concept.

The price action in Copper is incredibly important for Indian stocks and Emerging Markets in general, which is why it's one of the primary intermarket signals we watch.

After a massive run off the March lows, we saw prices of Copper meet their upside target in late August and begin to consolidate.

Now we're seeing that consolidation resolve lower, so what's next?

From the desk of Steve Strazza @Sstrazza

At the beginning of each week, we publish performance tables for a variety of different asset classes and categories along with commentary on each.

Looking at the past helps put the future into context. In this post, we review the relative strength trends at play and preview some of the things we're watching in order to profit in the weeks and months ahead.

Like we discussed last week, Equity Markets are becoming more of a mixed bag, but there are still plenty of strong areas we want to be betting on.

We're back above the risk levels we've outlined in recent weeks for most major indexes and we believe the resumption in relative strength from former leadership groups such as the Nasdaq, Tech, and Growth has given us a heads up that the recent correction low is in.

With that as our intermediate-term view on Equities, this post will focus on the strongest areas of the market that we again want to be leaning on for long opportunities to express our bullish thesis in the weeks and months ahead.

Starting at the...

From the desk of Steve Strazza @Sstrazza

At the beginning of each week, we publish performance tables for a variety of different asset classes and categories along with commentary on each.

Looking at the past helps put the future into context. In this post, we review the relative strength trends at play and preview some of the things we're watching in order to profit in the weeks and months ahead.

Our last RPP report took a deep look at the damage endured by the most important assets in the world during the recent selloff.

We held this report back a few days this week because the S&P just broke beneath our risk level and was in correction territory, down roughly 10% from its highs intraday on Monday. We wanted to see how things would shake out, and we're glad we did. Let's talk about it.

While many areas have held up quite well and are showing signs of a near-...

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.