Airlines Successfully Clearing First Test of Resistance, More Upside in Play?
I know the airlines group is generally loathed. That said, in a post earlier this week it was noted that the group’s relative performance against the SPX has tracked the general decline in the USD for over a decade now and…...
Euro Financials about to Out-perform Near-Term, Positively Boost Global Sentiment?
The ratio chart below of the DJ Euro Financials vs. the XLF suggests the former could be reaching a support zone whereby they could out-perform the latter, at least in the very near-term. Ostensibly, such out-performance would likely be coupled…...
Was 2011 the “Real” Top? / The Power of Monetary Stimulus
Can they keep the ball in the air? That’s the question in the back of the head of any bear. Not to be overly dramatic, but nearly every economic and monetary force in the world is aligned against bearish risk…...
1973/1974 the Closest Parallels to 2012/2013?
Before we can even consider this question one needs to have a heart-to-heart with themselves on one major issue… Do you believe domestic equities are still in a secular bear market? If you do, continue on. If not, there’s going…...
Price Action on R2K Suggests Path of Least Resistance Down
Prices are all that matter. And as far as the R2K is concerned, price action in recent history has been anything but bullish. This view is largely expressed through the slope of the index’s 12 month moving average (MA). I…...
Consolidation Breakdown in the Aussie $ Suggestive of More Risk Asset Downside
Last week the Aussie $ broke down from a multi-month consolidation pattern, the bottom of which was formed by line (1). After reclaiming the line earlier this week, it has once again broke below such support. Such break-downs from consolidation…...
Much Maligned Airlines About to Sustainably Outperform?
As of this week, the USD is breaking trend-line resistance dating back to the early part of the last decade at line (1) below. Ostensibly, this represents a trend change of some proportion – bull market beginnings, bear market endings. The…...
This Ratio Suggests a Major SPX Top Already in Place & 10 Yr UST Price Breaking Multi-Decade Resistance
The ratio b/t the 10 Yr UST price and SPX has been enormously valuable in calling cycle or temporary cyclical tops in the latter since 2007. In fact, the ratio successfully called the 2007 cycle top and the numerous 2011 cyclical tops…...
Who’s Who of Poor Places to be Long Over Past 12 Years
Filtered for the existence of all of the following at any given time dating back to the late 90s: VIX b/t 18.5-25.5 VIX one month RoC > 20% SPX one month RoC < -5% SPX one year RoC < 0%…...