An Ugly Chart

TSLA is presented on a weekly basis below. This chart is quite ugly looking, in my view. It appears as if it’s poised for an imminent break-down from multi-year support as part of completing a large rounding top pattern. If…...

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A Look at Historical Secular Bears

Consider the very long-term DJI chart below with quarterly price data extending back to the late 19th century. In it you’ll find annotations of the index’s three historical secular bear markets from the early 20th century (1905-1925), off the pre…...

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Expedited Upside?

Subsequent to our semi-out-performance long thesis outlined earlier this year – which has worked spectacularly I might add – there has been a dearth of appealing-looking industry related charts when considering them on a relative ratio basis vs. the SPX. …...

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Mid-Cycle Pause Analog Update

I last updated my mid-cycle pause analog nearly two months ago, all the way back on 9/30/16. The truth of the matter has been that up until the past two weeks post-11/8 U.S. presidential election, that framework seemed all but…...

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As an Industry, Info Tech's Size Reaches Historically High Levels

In the chart below I plot the relative weightings of various SPX industry groups as a % of the entire index’s market cap over time. Right now, Info Tech constitutes nearly 22% of total SPX market cap. This was roughly…...

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1976's "Network" Accurately Foreshadowed the Leftist-Statist America of 2016

Where can one find Howard Beale at this moment?  

Immortan Joe Activates U.S. Cyber War Rig, Moving America Beyond Just Financial Warfare with Russia

Just the other day the deep state trotted out Immortan Joe Biden in an interview with Chuck Todd to let the world know it was planning a “covert” cyber attack on Russia and Putin for their alleged involvement in holding…

Energy Commodities: The Juice Is Likely Worth the Squeeze

Per some emails at the end of Sep that highlighted the increased potential for such a move, crude has decisively broken above multi-year resistance recently.  If you believe the WH/Fed/Russia feed-back loop theory – as I do – it’s not…...

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Yard Signs Tell the Story & Why Google Has Grown Lazy Censoring the Web

Not sure why Google hasn’t doctored these results yet (probably because nobody is looking at them), but Google Trends indicate a Trump landslide so far as search interest in ‘yard signs’ is concerned. To wit, the last three presidential elections…

Analog Update

I’ve been fooled many times by the market this year with respect to my expectation for runaway SPX strength, which, based on the suggestions provided by our mid-cycle pause analog, I thought would be imminently forthcoming post June, yet has…...

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