From the desk of Tom Bruni @BruniCharting

Tuesday's Mystery Chart is one of my favorite charts right now, so thank you all for your feedback and participation.

Almost every one of you said you were selling the stock in question as it put in a failed breakout, while a handful of you were doing nothing and buying the subsequent breakout with me.

With that as our backdrop, let's get into it.

From the desk of Tom Bruni @BruniCharting

This week I've seen a chart of High Yield relative to Investment Grade Bonds floating around with various conclusions, but I wanted to use this to highlight some things to consider when using Bond ETFs as a proxy for what's happening in the market it's meant to track.

From the desk of Tom Bruni @BruniCharting

New Mystery Chart!

For those new to the exercise, we take a chart of interest and remove the x/y-axes and any other labels that would help identify it. The chart can be any security in any asset class on any timeframe on an absolute or relative basis. Maybe it's a custom index or inverted, who knows!

We do all this to put aside the biases we have associated with this specific security/the market and come to a conclusion based solely on price.

You can guess what it is if you must, but the real value comes from sharing what you would do right now. Buy, Sell, or Do Nothing?

Last week we wrote a post for our US subscribers to highlight several "big bases" that we are watching for potential breakouts.

The principles surrounding why we like "big bases" can be applied to Indian stocks as well, so we wanted to write a quick post outlining our logic and providing examples that may become actionable in the near future.

One of the most important concepts we talk about in Technical Analysis is confirmation.

Whatever thesis we have, we need price to confirm it before we can act...and if it doesn't then we need to respect that and get out of the way.

Risk management is our main priority and two simple charts do a great job of highlighting why we wait for confirmation.

From the desk of Tom Bruni @BruniCharting

Tuesday's Mystery Chart is one of my favorite charts right now, so thank you all for your feedback and participation.

I received a lot of answers, but I'd say 1/3 of you were buying a breakout, 1/3 were fading this strength, and the last 1/3 were yawning and off to find something more exciting.

With that as our backdrop, let's get into it.

From the desk of Tom Bruni @BruniCharting

Last night was our Members-Only Conference Call where we discussed the major themes we're seeing across asset classes.

A big theme was the lack of direction within Equities and last month's failed breakout to new highs in the US as we "catch down" to some of the weakness we're seeing globally.

As a result, today I want to revisit an exercise I performed in late May when the environment was pretty similar to today...and that was to look for stocks with "big bases."

From the desk of Tom Bruni @BruniCharting

New Mystery Chart!

For those new to the exercise, we take a chart of interest and remove the x/y-axes and any other labels that would help identify it. The chart can be any security in any asset class on any timeframe on an absolute or relative basis. Maybe it's a custom index or inverted, who knows!

We do all this to put aside the biases we have associated with this specific security/the market and come to a conclusion based solely on price.

You can guess what it is if you must, but the real value comes from sharing what you would do right now. Buy, Sell, or Do Nothing?

From the desk of Tom Bruni @BruniCharting

In early June we wrote a post titled "Canada Update" advocating for a patient approach towards Canadian Equities and outlining some well-defined reward/risk setups.

Since not a lot has changed at the TSX Composite or TSX 60 level, we want to take another look two months later to see what's developed under the surface and where there are opportunities to profit.

Tuesday's Mystery Chart received mixed responses, with some people buying this dip and others waiting to short a breakdown.

Now, let's look at the chart and its related theme.

From the desk of Tom Bruni @BruniCharting

Tuesday's Mystery Chart is one of my favorite charts right now, so thank you all for your feedback and participation.

I received a lot of answers, but I'd say 2/3 of you were buyers and the other 1/3 were buyers at lower prices and taking profits at current levels.

With that as our backdrop, let's get into it.

Today's "Chart of The Week" discussed the breakout in USD/INR, so we want to use this post to update our views on a few Commodities on the move.