Tom Bruni, CMT, CPA

Chart of The Day: Today’s The Best Day Of The Year For Stocks “We made it, my favorite stat is finally here. October 28th is the best day of the year for the S&P 500 and it is also my birthday. No way the Fed would ruin my day, would they? 🎂” Happy birthday @RyanDetrick!

There's still time to register for our latest webinar "Reading the Market: Trends and Madness" on October 14th from 10 am to 11:30 am ET. - Session 1: @scottcharts will cover market trends, rotation, and tactical opportunities. - Session 2: Jeffrey Weiss, CMT draws on six decades of experience to provide a perspective on money, madness, and the market. Thank you to our partner @ProShares for their ongoing support. Registration link in the comments below. We look forward to seeing you all there!

Chart of The Day: The 2nd Biggest Gap Since The COVID Crash @davidsettle “The gap between $SPY and $RSP in September is the 2nd biggest gap in a single month ever (with the biggest being March 2020 during COVID).”

“So if you were bullish insurance stocks, waited nearly 2 years for a breakout, and missed it ... did the market just give you a second chance? Should be a lot of folks who were “waiting to buy” considering it as $IAK and several other industry ETFs revisit their base breakouts.” @BruniCharting

Thank you to everyone who joined our impromptu @CFANewYork & @CMTAssociation social hour last night. Look out for more events on the calendar this fall/winter! cc @FrankCappelleri @cliffcornell_ @hihotraders & too many others to tag

Chart of The Day: The Options Market May Add Fuel To Gold’s Fire via Joseph Piretti, CMT. “Something to consider: The next leg higher in gold may be setting up right now. A combination of U.S. fiscal anxiety, Treasury intervention, and an increasingly active options market could provide the catalyst. The latest development is not difficult to identify. Treasury’s decision to increase its long-end bond buybacks has reinforced the perception that policymakers are becoming increasingly uncomfortable with the signal being sent by the bond market. The market’s initial reaction was telling. Long-term Treasury yields moved modestly lower, but the dollar weakened much more decisively, while gold and the Swiss franc surged. Now, the options market could become an important accelerant. As gold approaches heavily populated strike prices, dealers who have sold call options may be forced to purchase increasing amounts of gold or gold futures to hedge their exposure. That creates a potential feedback loop: higher gold prices increase dealer hedging requirements, which creates additional buying pressure, pushing gold toward the next cluster of strikes. CME data show a significant concentration of call open interest above the current market. Across the September through December expirations, roughly 65,700 calls are concentrated at the $4,700, $4,800, $4,900 and $5,000 strikes alone, representing approximately 6.6 million ounces of gross gold exposure. The largest concentration is at $5,000, where more than 22,000 calls are currently outstanding across those expirations. If gold begins to move decisively toward these strikes, the options market could potentially turn from a passive indicator into an additional source of upward.”

Thank you @TechCharts for the kind words and congrats to all the candidates who received their passing grades this week! Early registration for the December exams closes on August 27th, so read more about the program and register now to save $200. cmtassociation.org/cmt-progr…

Chart of The Day: Is the Dollar In Real Danger? @MarkNewtonCMT “Many discussing the bull flattener post Treasury doubling Buy-back announcement, but not as much discussion on the US Dollar, & $DXY made a fairly important breakdown today Bessent can certainly engineer ways to bring down the deficit if growth remains steady w/ a coordinated Dollar depreciation, not dissimilar to the 40s-late 60s- what did debt go from 100% of GDP to 40%?”

Chart of The Day: Sentiment Heats Up As Flows Top ‘21 Peak via @TimmerFidelity “Fund flows are robust for both equity and bond funds (and ETFs), at levels now exceeding 2021. And the ratio of money market fund assets to the equity market cap is down to 9.6%. It’s not a level that I would consider extreme, but it is well below the 13.3% peak during the 2025 tariff tantrum (the end of which start the melt-up).”

And for longer-form content you can use, check out the list below...featuring: @StocktonKatie @RyanDetrick @RH_Waves @BruniCharting @RealMikeLarson Find all the the links and subscribe here: content.cmtassociation.org/a…

Chart of the Day: What A Momentum Crash & Rebound Could Mean via @RenMacLLC “Momentum posted it’s worst month since the 2000 top. It’s ripped for 2-straight days, but the history of Mo peaks/crashes suggests rally (now) then drift with downside. The hard part usually shows up months out.”

Chart of the Day: AAII Shows Spike In Bears Amid AI-Driven Pullback via @DKellerCMT “#AAII survey taking a big step back this week. Bulls back below 30% and bears back above 40%. Lowest bullish percentage since March market pullback. $SPX”

Chart of the Day: Discretionary vs. Staples Ratio Flashes Potential Warning via @TT__Trading “XLP has bigly outperformed XLY over the last 6 months. The chart shows this ratio peaked in Oct 2025. SPY has done well over the same period. This has happened twice before: Aug 2000 & Nov 2007. I’m not saying a bear market is imminent, but this data point suggests caution.”

Chart/Question of the Day: What Would A U.S. Dollar Breakout Do To Markets? via @DKellerCMT “If this is a bull flag pattern for the US Dollar, what would a significantly stronger dollar imply? Usually not great for multinationals with lots of revenues outside the US, but if earnings season continues to impress, perhaps this is a signal of confidence in $SPX? $USD $DXY”

Our Chart of the Day: A Potential Roadmap For A Consolidation Within An Uptrend “#symmetricaltriangle $ACWI” - @TechCharts

Our Chart of the Day: Buyers Lean Into Semiconductor Weakness via @RenMacLLC “Walter Deemer’s line has aged well for a reason: “When it’s time to buy, you won’t want to”. That’s not the set-up in semiconductors right now. Our 65-day semis ETF flow work shows inflows spiking into $SMH as the momentum trade has unwound (flows are now in the 90th percentile). Durable bottoms tend to be built on fear, not greed. What we’re seeing in semis is the opposite: buyers leaning in on weakness. That’s dip-buying conviction, not capitulation.” - Jeffrey deGraaf, CMT, CFA.

Chart of the Day: One Stock Market You May Be Overlooking... via @TimmerFidelity “The other area of uncorrelated returns are Chinese equities, which at 10.7x forward earnings have lagged far behind the MSCI EM index.”

Chart of The Day: Energy Sector Boasts Rare Bullish Conditions from @murphycharts “The Energy sector is trading above a rising 200-day average on both an absolute and relative basis. One of only three sectors to do so, alongside Technology and Industrials. $XLE $SPY"