From the desk of Tom Bruni @BruniCharting

Cocoa isn't getting a lot of attention right now given all the other things going on in the world, but we think it should be.

In this post, we want to outline a trade that's setting up and how we're going to take advantage of it.

From the desk of Tom Bruni @BruniCharting

This post is a follow-on to this week's "Chart of The Week" which covers the recent breakout in Gold.

Here we'll take a macro look at the Precious Metals space, update our thesis, and outline the best ways to take advantage of it.

There is a lot going on in the market right now, not just in the U.S. but globally. The intermarket relationships between Bonds, Gold and the US Dollar are having a major impact on equities.

January is a month that gives us a lot more information than most other months throughout the year. We have the data now that we can use to help us identify primary trends.

Volatility is picking up. Daily swings are getting larger. I’ve seen this story before.

We discuss all of this and a lot more.

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

*NOTE: This Post and Video was originally intended for Premium Members of Allstarcharts Only. But due to the circumstances, we have unlocked it for everyone to watch and download the slides. We feel this can be used for educational purposes moving forward. Thank you for understanding.

From the desk of Tom Bruni @BruniCharting

This week's talk of the town is how Financials, particularly Regional Banks, are rolling over relative to the rest of the market at a faster rate than the Yield Curve is rolling over.

While that's certainly something worth noting, Financials as a group don't really become that interesting until they break out to new all-time highs.

The XLF is close, but not there yet.

Instead, I think the focus should be on the Broker-Dealers & Exchanges ETF (IAI) as it presses up against all-time highs of its own.

Let's take a look at what's happening.

Here's the Broker-Dealers & Exchanges ETF (IAI) holding well above its 2007 highs after a successful breakout retest in January 2019. Today, prices are pushing back up against their 2018 highs as momentum approaches overbought territory on the weekly chart, confirming the strength of buyers. From a structural perspective, there's not a lot to dislike here.

Click on chart to enlarge view.

From the desk of Tom Bruni @BruniCharting

This is a quick follow-up to our last two posts on Canada (September 16 & December 10), updating our views and adding any new trade ideas for today's environment.

These are the registration details for the monthly conference call for Premium Members of All Star Charts. In this call we will discuss the global market environment and how to profit from it. As always, this will include Stocks, Interest Rates, Commodities and Currencies. The video of the call will be archived in the members section to re-watch any time and the PDF of the charts will be made available as well.

This month’s Conference Call will be held on Thursday January 2nd at 7PM ET. Here are the details for the call:

From the desk of Tom Bruni @BruniCharting

Mobile Payment stocks have been a key part of our focus on the Technology theme taking place across various sectors of the market.

Since the summer the space has cooled off a bit but is back at levels where it would make sense for the trend to reaccelerate to the upside.

Here's the Mobile Payments ETF vs S&P 500 ratio (IPAY/SPY) pulling back to trendline support. This looks like a normal pullback within a long-term uptrend, however, our concern is that momentum got oversold for the first time since mid-2016.

The strongest uptrends do not get oversold, but unfortunately, this one has so we need to watch if prices bounce from this level and resume their uptrend (preferably getting overbought once again) or if they roll over through support and make fresh lows.

Click on chart to enlarge view.

From the desk of Tom Bruni @BruniCharting

Copper has been getting a lot of attention as it hits 5-month highs, but there is another Base Metal chart that's not being talked about.

Today we're looking at that chart and then taking a more comprehensive approach at what's going on in the space.

Here's Copper making 5-month highs as momentum attempts to get overbought. The record net long position held by commercial hedgers continues, suggesting they think Copper prices can still head higher despite a more than 10% rally from the July failed breakdown.

Click on chart to enlarge view.

Stronger Copper is a good thing for Emerging Markets and reflects market participants pricing in stronger economic growth conditions.

From the desk of Tom Bruni @BruniCharting

It's been about 4 months since our last Canada update and many of the trades we outlined there have run their course, so today I want to look at 3 stocks with a common catalyst to spark their next move higher.

From the desk of Tom Bruni @BruniCharting

Over the weekend I was running our "Weekend Momentum Report" for Institutional Clients and the message was very similar to last week, so I thought it was worth sharing.