Andrew Adams is well known for his morning market commentary to thousands of financial advisors at Raymond James for many years. After working along side legendary strategist Jeff Saut, Andrew has started 2019 wearing his new trader hat. Andrew has wanted to go out on his own and trade full time and he has finally made that move. We here at Allstarcharts want to wish him the best of luck on his new endeavors. During this episode, Andrew tells us about his experiences at Raymond James, working with Jeff Saut, earning both his CFA and CMT designations, and now using this body of knowledge...

From the desk of Tom Bruni @BruniCharting

Tuesday I posted a mystery chart and asked you all to let me know what you would do. Buy, sell, or do nothing. By my unprecise and unscientific count, many of you said you'd do nothing and wait for the range to resolve itself, while others were anticipating a breakout.

So today, I want to reveal the full chart and share why I feel it's relevant.

Tuesday I posted a mystery chart and asked you all to let me know what you would do. Buy, sell, or do nothing. Many said that it looked like a downtrend and that a neutral/bearish approach appeared best. I agreed.

So today, I want to reveal the full chart and share why I feel it's relevant.

When it comes to stock market bellwethers, I can think of very few that are as important as J.P. Morgan Chase. If you look at a chart of the S&P500 going back decades and a chart of the JP Morgan, they look exactly the same. This brings me to our current dilemma. As J.P. Morgan goes, so goes the rest of the market right?

If that's the case, then this stock market has its work cut out for it. $JPM broke some serious support levels last month that have kept it below overhead supply, and that's a problem for the bulls.

Some of the most important stocks in the world are at such critical levels that we'd be fools to ignore it.

More specifically, I'm referring to Financials: Broker Dealers and Regional Banks in particular.

As we are all aware, Financials peaked in 2007 before the epic collapse throughout 2008 and into early 2009. The repercussions of those events were felt all over the world. Some people are calling for a repeat of that period. Could we actually see it? Maybe. But I think it's going to depend a lot on the outcome of the current battle taking place between buyers and sellers at one of the most critical levels in the history of these stocks.

From the desk of Tom Bruni @BruniCharting

As part of my weekly review I went through the entire S&P 1500 across on both the weekly and daily timeframes to identify long and short opportunities, as well as any major market themes.

Unfortunately the evidence is still mixed when it comes to the market's next directional move, but there was one chart that I wanted to point out because it reminded that opportunity can often lie where you least expect.

This weekend I was updating our chartbooks for members and preparing for Wednesday's Members-Only Conference Call when I stumbled upon a chart that's too good not to share.

It's a great trade idea, but it also is a great reminder that while the major stock market indexes may not be trending, there's still plenty of opportunity on both the long and short side of this "market of stocks".

From the desk of Tom Bruni @BruniCharting

The S&P 500 has rallied more than 10% off its late December lows, making the reward/risk on the long side a lot less favorable as many of the major indexes and sectors approach overhead supply. When the market is at a point on an absolute basis where the weight of the evidence is mixed, the use of ratio charts to identify the trends that are happening under the surface becomes even more valuable. 

In the final Chart of the Week for 2018, we looked at the US Dollar reaching a key upside objective and then rolling over to finish the year on a sour note. I started out my Q1 2019 Playbook emphasizing the importance of the US Dollar Index in 2019 and I think we're already seeing the implications of a weaker Dollar. I also think this trend is likely to remain in place.

The way we saw it, if the US Dollar were to just break through these levels, without even acknowledging it, then there is most likely a severe flight to safety away from stocks and that's why the Dollar is getting bid up. The counter-argument there is that if the Dollar is weakening, stocks would most likely do well in that environment. That has been our thesis coming into the year.

From the desk of Tom Bruni @BruniCharting

In this post I want to highlight some of the most interesting and/or actionable relative-performance charts from our Global ETF Universe. Whether you're interested in actionable pair trades or simply looking for information about where money is flowing in the world, these charts should provide some good perspective on where various markets stand at the start of 2019.

The Public Sector Bank Sector of the Indian Stock Market has struggled since late 2017, however, there are signs that many of these stocks are in the process of changing long-term trend.