Tuesday's Mystery Chart received similar responses, with most people looking to get long if prices were able to hold above support.

Now, let's look at the chart and levels.

We continue to see prices in the major indices bounce as breadth and momentum divergences remain intact, however, many of the trades we've outlined have moved away from their optimal reward/risk level.

Today we're outlining stocks we can be buying today, or in the near-term.

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?

This post is going to update some key levels in the Commodities we've been watching/participating in.

This post is a continuation of this week's Mystery Chart Reveal in which we discuss many of the big bases forming in the Energy sector.

Tuesday's Mystery Chart received similar responses, with most people looking to short the stock on a break below support.

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

Yesterday we discussed the major indices in India and how the weight of the evidence is beginning to suggest we're close to a tradeable low.

In today's post, I want to outline two "trash to treasure" trade setups that are low probability in nature but offer a ridiculously skewed reward/risk at current levels.

If you haven't read our past posts on identifying counter-trend trades and managing them, we'd highly recommend doing so before continuing.

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?

The major indices in India are stuck in "no man's land" right now, making it a tough trading environment for many.

In this post, we're going to take a quick look at what that means and how we're approaching it.

Last week we wrote a post for our US subscribers to highlight several "big bases" that we are watching for potential breakouts.

The principles surrounding why we like "big bases" can be applied to Indian stocks as well, so we wanted to write a quick post outlining our logic and providing examples that may become actionable in the near future.

Tuesday's Mystery Chart received mixed responses, with some people buying this dip and others waiting to short a breakdown.

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