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!

I can't think of a better time to talk about Fibonacci Extensions. The Dow Jones Industrial Average right now is fighting to break through an important cluster of extensions that stem from the last two epic peaks we had in the market: 2000 and 2007. A breakout above 27,000 could spark a new cyclical bull market that we believe falls within the context of an ongoing structural bull market. In other words, this is a more intermediate-term breakout (years) while structurally (decades) we have already been in a bull market since arguably 2013 or even 2016.

In this video I talk about 2 key extensions: 261.8% and 423.6% which is exactly where the Dow stopped going up in early 2018. Was 17 months enough time at these levels before we can move on? Let's discuss:

One question that I get a lot comes from new investors, "Hey JC, I'm starting to get into the market for the first time, any advice?"

For me, I'm convinced you have to get kicked in the stomach, at least once, but likely even more than that, to finally understand the importance of Risk Management. But if you can somehow figure out a way to just take my word for it, and eliminate your emotionally driven decisions completely, I believe it puts you way ahead of 99% of market participants around the world.

Here is the video from my BNN Bloomberg interview this week. We talk about the implications of a weaker US Dollar, including what that would do to stocks, emerging markets, metals and others. I've been waiting for it all year. But think about it. We've already seen some of the things we would expect to see in a weaker Dollar environment. Gold strong, for example, and an inability for the Euro to go lower. So for me, I think this Dollar fall is just getting started.

Last week I was in London giving a presentation at the local chapter of the CMT Association. We had a great turnout and they asked a lot of really smart questions. I was not surprised at all by the high caliber of attendees, from Analysts to Portfolio Managers and even younger participants eager to learn. It was awesome all around.

Prior to the event I sat down with Alex Spiroglou to talk about how I first got into Technical Analysis and what a normal day at ASC Research looks like. This is the full video of that interview.

If you still think the media is there to provide you with useful information, there is little I can do to help you. It's 2019. They're only there to sell you Buicks and razors and whatever else they can shove down your throat.

The content they provide is designed to get you to consume it for the sole purpose of selling your attention to their sponsors. That's just the business.

You have two choices: You can just take it until your punch drunk or you can take what you consume into your own hands. It's up to you.

Phil and I sat down for an interesting chat about this very topic:

From the desk of Tom Bruni @BruniCharting

Last week I sat down with Justine Underhill for Real Vision's "Trade Ideas" show to discuss a tactical trading opportunity in Palladium and a longer-term play in the Insurance industry.

These are themes I've shared with our Institutional Clients over the last few weeks. I hope you find some value in them.

Phil Pearlman has always been a good guy to talk to about a lot of different things. I know for a fact that a lot of your favorite fintwit personalities would agree with that.

Phil doesn't do a lot of media anymore like he once did, but I do get to catch up with him quite often and we publish our conversations as The Money Game Podcast. You can check out all of those episodes on Technical Analysis Radio and iTunes.

Today we're talking about what little Daisy Pearlman the puppy taught Phil about life:

We hear this term a lot: "Overhead Supply". But what does that mean exactly?

Well, I'll tell you what it means to me. When I look at today's stock market, I see stocks rallying throughout 2017 and running into resistance, or more selling than buying, in January of 2018. After some distribution, stocks rallied once again late into the 3rd quarter last year, only fail and sell off. That was a beautiful sell-off in stocks that many of us enjoyed very much.

Fast forward to 2019 and we've had a killer rally in stocks that has brought us back to where this overhead supply party first got started early last year. This is now the 3rd attempt and failure for stocks. And when I say stocks, I don't just mean the S&P500 or Dow Jones Industrial Average, I'm referring to stocks as an asset class.

In this video, I try and explain what I mean by pointing out the behavior of the Global 100 Index, Dow Jones Industrial Average, Dow Jones Composite Average, Dow Jones Internet Index and the IPO Index. They're all telling a similar story of "Overhead Supply". In the future, when I give...

Today we sit down with the newest (and likely youngest) Chartered Market Technician (CMT) Mr. Tom Bruni live from Washington Square Park in New York City. The CMT program is different today than what it was 12-13 years ago when I first went through it. I wanted to pick Tom's brain about his experience and what advice he has for others thinking about sitting for the exams.

Market Breadth means a lot of things to a lot of people. The way I see it, we're analyzing a market of stocks. There are a variety of tools to help us do that including the Advance-Decline Line, List of new highs & lows and the percentage of stocks getting overbought or oversold, which can be calculated in many ways. Today I'm joined by Andrew Thrasher in a video we shot earlier this month in New York. It's an important topic and I'm glad we had the chance to discuss it.

I Don't Know!

See how easy that was?

How come we never hear that in the financial media? Because they don't want you to say that.

How come we never hear that from the sell side analysts? Because the institutional customer will just call another desk at another firm with an analyst that has an opinion, and they will get the trade and earn the commission.

As humans, we're just not built for this. It's hard to admit you're wrong and move on. But the truth is that none of us know what is going to happen next, especially in the market. So to admit that you don't know is not only okay, but is actually fact.

In this video I sit down with David Keller to discuss this very topic: