From the desk of Tom Bruni @BruniCharting

It's been about three weeks since I wrote this post looking at breadth across various Equity markets since January 2018.

JC wrote a post today about "The Cards We've Been Dealt" which references some of these stats, so I wanted to update some of them and highlight another way we use them to measure breadth.

We have to play the cards we're dealt. Like it or not, this is the environment we're forced to invest in, but only if you want to. You don't have to invest. Cash has been a viable option for 6 months. It's worked out great. Most stocks, sectors, US and International Indexes are still below their January 2018 highs. I can give you the exact numbers like we provide for our Institutional Customers, but just take my word for it. It's not even close. We've been in a 14-month sideways range, or downtrend, depending on who you ask. Either way, it's not an uptrend for most stocks.

Now, this 14-month nothing burger comes within the context of a major bull market in stocks, that arguably started in 2016. After a monster run throughout 2016 and 2017, the stock market, both U.S. and abroad, has consolidated those gains. It seems perfectly normal, and well deserved, if you ask me.

From the desk of Tom Bruni @BruniCharting

I received a ton of great responses via Twitter and email for this week's Mystery Chart, so thank you for that.

Most said you'd be buying the breakout at current levels or on a successful retest, but a few skeptics were staying away. Let's get into the actual chart.

From the desk of Tom Bruni @BruniCharting

Palladium. For the last 3 years, nobody cared a lick as it nearly quadrupled in price. Over the last month however, I'd seen more mentions* as the price trend accelerated than I did for the entire 3-year trend beforehand.

From the desk of Tom Bruni @BruniCharting

New Mystery Chart!

For those new to the exercise, we take a chart of interest and eliminate the x and y-axes and and all labels eliminated to minimize bias. The chart can be any security in any asset class on any timeframe on an absolute or relative basis. It can even be inverted or a custom index.

The point here is to not guess what it is, but instead to think about what you would do right now. Buy, Sell, or Do Nothing?

This is going to be a quick post looking at the potential failed breakdown that can lead to Reliance Communications doubling in a few months.

From the desk of Tom Bruni @BruniCharting

If the US Dollar is falling, International Equities trading via US listed ETFs should outperform US Stocks. When the US Dollar is rising, International Equities should underperform US Stocks.

Sounds like a logical relationship, but as usual, it's not that simple.

From the desk of Tom Bruni @BruniCharting

Friday afternoons are my favorite time of the week, but not for the reason most people would think.

From the desk of Tom Bruni @BruniCharting

The Mystery Chart I posted Tuesday was a bit different because I told you what type of security it was and that it wasn't inverted. My objective with this chart was similar to what it always is, but more nuanced in that I was trying to get a feel for people's willingness to buy breakouts in stocks right now, or if there was any apprehension.

I received a ton of great responses via Twitter and email, so thank you for that. Let's get into those answers and the actual chart.

When most of us think of bank stocks, we're generally not saying positive things. We have a bad taste in our mouth, particularly since early last year. But that's not the case in India.

Look at this chart. Which one is different?

From the desk of Tom Bruni @BruniCharting

New Mystery Chart!

For those new to the exercise, we take a chart of interest and eliminate the x and y-axes and and all labels eliminated to minimize bias. The chart can be any security in any asset class on any timeframe on an absolute or relative basis. It can even be inverted or a custom index.

The point here is to not guess what it is, but instead to think about what you would do right now. Buy, Sell, or Do Nothing?