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[Chart Of The Week] Home TV Stocks

July 29, 2020

One of our favorite ways of looking at a sector or industry group is by using equally-weighted charts.

A lot of "Home TV" stocks have been on the move, so we're going to take a look at what's happening and determine what's next for the group.

First, let's take a look at our equally-weighted custom index of Den Networks, Hathway Cable, Sun TV Network, TV18Broadcast, and Zee Entertainment. Prices did break down to new all-time lows during the March decline, but quickly reversed and took out the downtrend line from their 2018 highs. Now, prices are testing former support/resistance with momentum diverging negatively, suggesting a near-term pause is likely.

Click on chart to enlarge view. 

[Chart(s) Of The Week] The Small Chart With Big Implications

July 29, 2020

From the desk of Tom Bruni @BruniCharting

If you ask people what it would take for Small-Caps to begin outperforming you'll get a variety of answers. We need Financials to outperform. We need a weak US Dollar. We need a steeper yield curve. We need the moon to be in a waxing crescent. We need a miracle.

You'll have a lot of answers and a whole lot more confusion.

So in this post, we want to keep it simple and identify the two charts we're using to identify a sustainable turn in Small-Cap relative performance.

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Weekly Preview (07-27-2020)

July 28, 2020

From the desk of Steve Strazza @Sstrazza

Every 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 give our outlook and some of the things we're watching for in the week ahead.

This week we're going to highlight our International ETF and Global Index tables, and focus on some of the rotation we're seeing into more offensive assets across the board. Let's dive into it.

Emerging Markets $EEM, particularly Latin America $ILF, continue to rebound strong. These two indexes were this week's leaders on our International ETF list but notice that they are also the top performers over the trailing one and three month periods.

Bank Stocks...Sold To You?

July 28, 2020

Banks are the most important sector of the market so their performance, or lack thereof, gets our attention.

This week we're seeing some interesting headlines about industry heavyweights HDFC Bank and ICICI Bank.

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

First, let's start with HDFC Bank, which continues to struggle with the 1,100 level of resistance on the daily and weekly chart. Notice how momentum also failed to reach overbought territory throughout its entire March-Present rally? Not exactly bullish action.

Click on chart to enlarge view. 

And here are some of the headlines we're seeing about the stock this week. Sold...to you?

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Under The Hood (07-24-2020)

July 24, 2020

From the desk of Steve Strazza @Sstrazza.

Welcome to this week's edition of "Under The Hood." You can read more about the column here.

What we do is analyze the most popular Robinhood stocks over the trailing week and find opportunities to either join in and ride these momentum names higher, or fade the crowd and bet against them.

This week we have a handful of trade ideas on the long side, many of which belong to the Health Care space and are working on Covid-19 vaccines.

We'll also walk through a number of mega-cap bellwethers and get a feel for what's going on in that space.

The stock market has been going crazy again this week, and maybe it's beginning to rub off on me... We usually only share about 10 charts in this post, but there is just too much going on in these names so I went a little crazy myself in looking through the charts for this week's post. We ended up with 14. Let's dive into it!

Here is this week's list of most popular stocks, measured by net increases in Robinhood accounts that hold shares.