Charting RIMM’s Recent 50% Drop / The Power of Technicals (Part 2)
Starting now, we’re going to begin a series that shows recurring technical set-ups that offer material profit opportunities in compressed periods of time. In other words, great reward/risk trades. We’ll present these opportunities to folks subscribing to the premium / password-protected content…
Corn Update re: Yesterday’s Post – Is this Week of 7/9/88?
Yesterday we noted Corn’s recent price action had registered a 99th percentile event last week dating back to 1960 (something that had happened only 6 other times in history). We won’t rehash the details as you can read them here…....
Is this Major Pharma Company About to Quickly Lose 30% of its Value ?
On June 25 we highlighted RGR and noted that despite a great fundamental backdrop for the company and its industry, the stock had just managed to lose ~40% of its value in a little over a month. The trade set-up…...
Euro Likely to Drive Global Sentiment in Near-Term while Silver Hanging by a Thread above $26
On a weekly basis the Euro/Dollar cross finds itself nearing very critical support levels ~ a penny lower at ~1.215. This is the pair’s 50% Fib level b/t the 2000 low and 2008 high and also represents trend-line support (1) from…
Corn Just Registered a 99th Percentile Event Dating back to 1960; Trading Opportunity at Hand?
Corn futures have now gapped open at least +1.50% vs. their prior week close in four of the past five weeks (i.e., at least 80% of time). Including this week’s signal, this has happened a mere seven times dating back…...
NYSE 52 Week Lows Once Again at Levels that Have Coincided with SPX Pull-Backs Over Past Year+
On 6/27 we noted that new 52 week lows on the NYSE had been trending higher over the past year even as the SPX was flat to up. We also noted that if history held, it was likely not the…
Downside in SSEC Continues to Accelerate; Breakdown from Pennant Pattern at Hand
Last night the Shanghai Composite (SSEC) shed nearly 240 bps on the back of various Chinese macro data points. This comes on the heels of other recent weakness in the SSEC – on 6/25 we noted that the index had witnessed two straight…