Watching closely this week to see if prices of the major indices close below their January highs and confirm the many bearish divergences we're seeing. Although this would be a signal of near-term weakness, as long as the S&P is above 2,950 then structurally things are intact. pic.twitter.com/pFg1AiVU1I — Tom Bruni, CMT (@BruniCharting) February 18, […]
Chart of the Day – Tuesday, December 3rd, 2019
"Equities are in trouble here" pic.twitter.com/qzoM4dBxCw — Tom Bruni, CMT (@BruniCharting) December 3, 2019 Today’s Chart of the Day was shared on Twitter by Tom Bruni (@BruniCharting). It’s a weekly candlestick chart of the Dow Jones Industrial Average going back over a decade. Tom jokes that “Equities are in trouble here.” It might feel this […]
Chart of the Day – Tuesday, September 17th, 2019
Today’s Chart of the Day was shared in a blog post by Tom Bruni of All Star Charts (@BruniCharting). It is a daily candlestick chart of the Uranium ETF, $URA, going back to 2016. In the blog post, Tom points out that $URA is in a clear downtrend, and it broke down from a critical […]
The Power of Cash and Inaction
At The Chart Report we pride ourselves on covering the most robust trends in asset classes around the globe. However, something we don’t discuss too often is trendless markets, like the ones major US and World Equity Indices have been stuck in for over 16-months. This rangebound action is illustrated well by the MSCI All-Country […]
Taking a Look at Global Market Relationships
As Q1 2019 comes to a close, there is a lot of chatter about the S&P 500 topping and a looming recession sparked by a yield curve inversion. That’s great and all but there is plenty more to analyze out there than just one US based index. Investors have other important decisions to factor in, […]
