Coal Stocks are Up 13% Since Our Last Post on the Group
On August 9th we highlighted how oversold coal stocks were, with the DJ Coal Index down ~75% from its highs in 2011. We noted that similar sell-offs in the past have led to material rallies in the group. With the…
Technicals & Seasonals Suggest iPhone 5 Release Could Disappoint AAPL Investors
Chart below shows AAPL on a daily basis. On a more granular basis at inset (A) the stock appears to have broken down from a mild ascending wedge pattern yesterday formed by lines (1) and (2). On a longer-term basis at…...
Do Transports Always Have to Out-Perform to Confirm Overall Market Strength?
Much has been made of the recent under-performance in the DJ Transportation Index vs. the broader market as of late. However, as the chart below details, there is no tablet carved in stone with the words “Transports must always out-perform…
As the World Remains Enamored with China and the SSEC, Malaysian Equities are at All-Time Highs
The chart below is the Malaysian KLSE Compsosite index. It correlates quite will with the EWM ETF. In the chart below we can see the index has broken trend-line resistance (1) and is registering new all-time highs. It is currently in the…...