From the desk of Tom Bruni @BruniCharting

Last week I posted the mystery chart pictured below to see what people were thinking once they removed the biases of knowing the security name, timeframe, or etc. and had only price to rely on.

Most people were on the same page as I am, thinking this is a structural trend change that we want to be buying, not selling. A few people were hesitant and wanted to see more before getting involved, but very few, if any, were sellers.

What do we know about new all-time highs? We know they're not a characteristic of a downtrend.

I often get that guy that comes to me and says, "Well every new downtrend must start from a new high". Yes, and that must be a great way to go through life.

You see, markets trend. That's why Technical Analysis works. That's why this is so valuable. Because if you can recognize the direction of the underlying trend, you're already way ahead of the pack. The likelihood for a trend to continue in its path is exponentially higher that for it to reverse. A 4-year old can recognize if a chart is going up, down or sideways. It's the adults that have more trouble with this.

As I went through all my weekly charts this weekend, I noticed an interesting underlying theme: New Highs.

From the desk of Tom Bruni @BruniCharting

The Dow Transports are the talk of the town due to their lack of trend on an absolute basis and their underperformance relative to the Dow Industrials, so I want to take a quick look and see if there are any themes we can take advantage of within its subsectors.

The weakness in Consumer Goods we've been talking about since March and April continues, so today we want to look at a short opportunity in Godrej Consumer Products, which makes up roughly 5.50% of the Nifty Fast Moving Consumer Goods Index.

We live in a global market environment. There are still people out there who think that stocks in the United States go up or down because of what is happening in the United States. I think in order to properly identify the trend in stocks as an asset class, we have to look all over the world. In this video we do just that!

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!

I think there is a big move brewing in the U.S. Treasury Bond Market. US Interest Rates have gotten crushed along with rates all over the world. It's not just a U.S. thing, but a global phenomenon. 

If you're familiar with our analysis, you've probably noticed that Fibonacci Extensions and Retracements play a vital role in our process.

From setting upside objectives to identifying areas of potential support and resistance, Fibonacci is a versatile tool.

As with any tool, there are times when it works better than others. And while we don't want to get into every intricate detail of how and where we use it, we did want to share a great example of Fibonacci in action.

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.

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.