Time to Pay Attention to the Swiss Franc? Sniffing out More Global CB Intervention? About to Cause a Precious Metals Rally?

First chart is the Swiss Franc alone. Note that it’s approaching long-term support line (1) in the 0.98-0.99 area.  Also note that this is 50% Fib retracement support. Also note that it is along line (1) where, for whatever reason,…...

Member only content: Login to view or Register

Updating the AAPL vs. Silver Analog & Interesting Technical Set-Ups in AAPL Pre-EPS Tonight

Prefacing this post with the caveat that this is NOT a long or short call on AAPL into EPS tonight. This said, wanted to update the AAPL vs. Silver analog we had pointed out before and that the technical set-up…...

Member only content: Login to view or Register

Playing Spain’s IBEX – Where Can One Attempt to Catch This Falling Knife for a Short-Term Bounce?

There is some important support in Spain’s IBEX that comes into play ~13%-15% lower at ~5,300-5,400. This support is formed by line (2) in the chart below as well as 75% Fib retracement support and various swing lows from the…...

Member only content: Login to view or Register

Though in the Coffee Biz, SBUX Finds itself in a Technical Pickle

Though the site is largely dedicated toward the macro, we do like to highlight individual stocks as well, so long as they have a compelling “story” and some type of interesting risk/reward set-up is in play. This brings us to…...

Member only content: Login to view or Register

Repeating Pattern in the Arca Gold Miners Index at Hand

The Arca Gold Miners index appears to be completing a repeating pattern whereby the index tops out in a rounded reversal into a decent decline and then finds horizontal trend-line support. At such support the index has historically bounced materially…...

Member only content: Login to view or Register

Where’s the SPX Currently Sit in Relation to History’s Average Secular Bear Market, ~145 Months after The Peak in 2000?

This chart has always been quite compelling given the close proximity to which the current secular bear market (black line) has tracked against the average secular bear market through history (red line). The values plotted are inflation-adjusted relative to prior…...

Member only content: Login to view or Register

Current Conditions in AAII Sentiment Survey Have Been Fulfilled only Eight Other Times Since 1987

Always struggle to find much value in the AAII Sentiment Survey data and commentary. That said, the conditions in this week’s survey data have been fulfilled only eight other times in history. Here are the conditions being filtered upon –…...

Member only content: Login to view or Register

Getting Granular – RSI on SPY 60 Min Chart Once Again Elevated

The RSI on the SPY 60 min chart is once again reaching quite elevated levels. Over the past year, even as the market was working on or within a sustained up-trend, it has paid to wait for better entry prices…...

Member only content: Login to view or Register

Ratio of Copper vs. Gold Continues to Suggest a Major Move in Risk Assets on the Horizon

We posted this same analysis a few weeks ago and are updating it now given it has changed since then (break-out in ratio occurring). The only times the ratio of copper vs. gold has been lower than it has been…...

Member only content: Login to view or Register

Since Credit “Leads”, What’s the Macro Message Coming From Riskier Areas of the Credit Universe?

If credit leads and equity confirms, the message riskier areas of the credit universe are currently sending is far different from the one they were sending through much of 2007 and early 2008 as they deteriorated significantly in front of equity…...

Member only content: Login to view or Register