In this Episode of Allstarcharts Weekly, Steve and I talk about the underperformance of European Stocks and the fact that it's their weighting in Financials that is, in part, dragging them lower. This has really become an interest rate story as Financials around the world are keeping other countries' markets from breaking out. The overwhelming exposure to Technology continues to keep the US winning relative to everyone else.

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 buyers at lower prices and taking profits at current levels.

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

Ari Wald is always one of my favorite Technical Analysts. Him and I were trained around the same time so we look at the market in a very similar way. Today Ari is the Head of Technical Analysis at Oppenheimer in New York and we're very lucky to have him on the podcast. If you're interested in learning more about Ari, go back and listen to his guest appearance in Season 1 (EP 2). In this episode, Ari and I discuss the current state of the US Stock Market. Included in the analysis are breadth measurements, important levels, smoothing mechanisms and sector rotation. Him and I can talk forever about this stuff so the time felt like it flew by. We covered a ton of material in a very short period of time. I hope you enjoy this one as much as I did!

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.

I've been a fan of Tony Dwyer's work for a long time. Those of you who know me see me approach the market from a top/down global macro and intermarket perspective. Tony starts his process in a similar way at Cannacord Genuity and Dwyerstrategy.com. When we're talking about the next direction for stocks, we both focus on other assets like credit to help identify big trends. We look at the behavior of commodity and currency markets to make decisions in equities. I thought this was a really fun conversation. I particularly enjoyed Tony's comparisons to 1995 and what was going on then with respect to the President's public issues, interest rates, precious metals and the US Dollar. This podcast could have gone on forever if we let it, but we kept it short and concise so we could get to the point quickly.

In this Episode of Allstarcharts Weekly, Steve and I discuss the Intermarket Relationships that help identify the next direction for US Interest Rates. These assets include Regional Bank Stocks, Utilities, Real Estate Investment Trusts, Copper, Gold and TIPS among others. Which way are Rates heading next?

From the desk of Tom Bruni @BruniCharting

Tuesday's Mystery Chart is one of my favorite charts right now, so thank you everyone for your feedback and participation.

I received a lot of answers, but most of you were buyers and the rest were split between doing nothing and selling.

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

From the desk of Tom Bruni @BruniCharting

When going through my chartbooks this weekend one chart stood out to me, highlighting a theme we've been pointing out to our Institutional Clients that's worth mentioning again.

From the desk of Tom Bruni @BruniCharting

JC beat me to writing about Interest Rates this morning, but while I came to the same conclusion I wanted to add some additional perspective that shared on Real Vision this past Monday.

While that segment was about Mid-Cap Industrial stock Herman Miller Inc., a big part of that thesis is that we're seeing US Rates begin to stabilize.

The chart I want to share today is the Regional Banks/REITs ratio, which highlights an "Interest"-ing divergence between Equities and the Bond/Commodities markets.

From the desk of Tom Bruni @BruniCharting

We've been talking about the rotation into Mid-Cap Industrials since April, but Monday I sat down with Jake Merl for Real Vision's "Trade Ideas" show to discuss a long-term breakout in Herman Miller Inc. (MLHR).

Below is the video discussing my thesis for this trade. I hope you enjoy!

Today we're updating our outlook for global markets and providing ideas to profit in the second half of 2019.

Part 1 of this playbook will provide our perspective on all four asset classes and update our views on the major themes within India that we're paying attention to.

Part 2 of this playbook will consist of our top individual stock trade ideas.