Yesterday's candle in most of the major indices was a "Bearish Engulfing" candle, which is a short-term reversal signal when it comes in an uptrend.

In today's post, I want to bring that development to your attention and explain what it means...

Roughly 2 months ago we outlined why there was potential for strength and outperformance from the Nifty Pharma sector and its components.

We've gotten some nice...

From the desk of Tom Bruni @BruniCharting

In late August we started to see some signs of a potential bottom forming in Commodities as they approached long-term support with momentum diverging and in...

You guys know that I just tell it like it is. I don't care what happens. The stock market can double or can get cut in half. Gold can go to zero tomorrow or to 10,000/oz and I won't care. I'm too old to worry about the economic or social implications...

The Large-Cap indices continue to churn near the highs as Mid and Small-Cap stocks play catchup. Sector leadership remains clear, but we're now beginning to see signs that...

From the desk of Tom Bruni @BruniCharting

Thank you to everyone who responded to this week's mystery chart.

A lot of mixed responses on this...

I had a great day in New York City Wednesday. Good meetings, good...

So we've been keeping an eye of the Broker/Dealers space, and one of the names we have a close eye on has triggered our entry. Here's Bruni:

Intercontinental...

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...

In an environment where we want to be buying stocks, we primarily want to focus on areas of relative strength. With that being said, we also want to be aware of...