The VIX Has Compressed Notably of Late; What about other “Complacency” Indicators?
This is the third post I’ve put up behind the “protected” wall today, so hopefully you guys can give me a break tomorrow if no such posts appear. Anyhow, much has been made of the recent drop in the VIX,…...
Semis Have Badly Under-Performed the Broader Market for Nearly Two Years; What are the Implications?
The implications of the Philly SOX Index under-performing the broader market severely are similar to other recent posts we’ve made about the Russell 2000’s under-performance vs. the SPX as of late as well as how low the ratio of copper vs. gold…
What can We Learn by Comparing the SPX Sell-off From April’s Highs to Every other Major Top in History?
A few recent posts have focused on the 1900-1950 period where the 100%/50% rule was the norm – 100% cyclical rally, 50% cyclical bear. Here’s a chart showing that. The point was to highlight that period as a good template…...
This Discount Retailer Looks Set to Run
Will reiterate once again – though the site is macro focused always be prepared to pepper in individual, company specific trading opportunities. SBUX, CMG, FOSL (God were we wrong on that one), RIMM, RGR, etc. In the end, we want to…...
Broad European Indices Have Rallied ~15% Since June…Now What?
The chart below shows a very broad European index, the DJ Euro STOXX 600, on a weekly closing basis. The index tested line (2) support in June and since then has rallied nearly 15%. That rally has brought it to…