Posts From Tom Bruni

Tom Bruni
Tom Bruni is the Founder and Senior Editor of the Technical Analysis blog BruniCharting.com. His approach to financial markets involves utilizing Top-Down Technical Analysis to identify the best risk/reward opportunities across all liquid global asset classes. In addition to his work on the blog, he currently holds a position in EY’s FSO Risk Advisory Division. His work can be found regularly on AllStarCharts.com and SeeItMarket.com, as well as traditional media outlets such as Business Insider and Benzinga. He graduated with his B.S. in Accounting from Molloy College in 2016 and is currently working toward completing his CPA, CFA, and CMT designations.
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Soybean Meal Rally Stalls: Trading Bias Shifts To Downside

Soybean Meal has rallied roughly 70% off it year-to-date lows, as Agricultural commodities are back in vogue. The current weight of the evidence however, suggests that the tactical bias in Soybean Meal has shifted from bullish to neutral / bearish. In short, that means that the soybean meal rally is…

Failed Breakout In Global Payments Inc Stock ($GPN)

Failed breakouts can be extremely powerful patterns, especially when combined with momentum divergences across multiple time frames. Experience has shown us that from failed moves come fast moves in the opposite direction, which is why I’m watching Global Payments Inc. (GPN). Global Payments Inc. ($GPN) Weekly Chart: GPN is sitting…

Is The RBOB Rally Running Out Of Gas?

From Memorial Day on, the financial media tends to talk about the “summer driving season” and how an increase in automobile use should benefit gas prices (RBOB) going forward. While this may seem logical, the data actually suggests this period of the year is when gas prices tend to peak after strong…

Apple (AAPL) Looks Ready For A Tactical Bounce

On April 18th I wrote about potential weakness in Apple on an absolute and relative basis after the stock confirmed a failed breakout. The stock has crashed almost 20% since, but the tactical bias is now shifting to the upside for the same reasons. Here’s a hint, it has nothing to…

Financial Sector Slides As Bank Stocks Come Under Pressure

The bull case for US Equities involves Financial stocks (including banks stocks and broker dealers) gaining traction as a group and leading to the upside. Unfortunately, the current charts suggest the Financial sector will likely continue to correct, either through time or price. All three heavy lifters, financials, Regional Banks, and…

Market Indicators Point To Higher Volatility Near-Term

The current weight of evidence continues to suggest a neutral/bearish toward equities as a whole, with short opportunities available in select areas. One of the reasons for this stance is the potential squeeze that’s setting up in the Volatility Index. There are three charts that suggest Volatility could be headed higher…

Retail Stocks May Continue To Struggle

Retail stocks as a group are just about flat on the year, but three charts suggest things may only get worse for this sector. Today I’ll go through the weekly and daily charts for the Retail Sector ETF (XRT), as well as gauge its relative market strength in a final…

Apple Stock Weakness Means Its Time To Be Cautious ($AAPL)

Apple, like other US and Global equities, has had a nice run off the February lows. However, in my research I uncovered three charts that suggest the bias has shifted back toward the downside across multiple timeframes for Apple stock (AAPL). So today let’s take a look at Apple stock weakness…

Poland ETF (EPOL) Setting Up For Further Downside

European equity markets have participated in the global rally off the January and February lows, but those tactical bounces come within the context of many longer-term downtrends relative to the S&P 500. One European country that looks particularly vulnerable is Poland and the Poland stock market. Today, we’ll focus on…

Tactical Breakout In Soybean Meal Underway

In the Soybean Meal market, commercial hedgers are maintaining their largest net long position in history. This, combined with public sentiment sitting near multi-year lows and March being the second strongest period of the year, suggest higher prices may be ahead for Soybean Meal. Structurally, Soybean Meal peaked in late…