GOOG Up 9% Since Our Bullish Post Two Weeks Ago
On 9/12 we had a bullish post on GOOG and noted it’s time for out-performance was likely near given a strong technical and seasonal set-up (GOOG has only had one down October out of eight in its entire trading history and average…
Chicago Fed National Activity Index Negative for Six Straight Months for First Time Since September 2007; What’s it Mean?
With its reading of -0.87 in August, the Chicago Fed National Activity Index (CFNAI) has now printed in negative territory for the six consecutive months. This is the first time we’ve had six consecutive negative prints on the index since September…...
Spread Trade Opportunity in Smartphone Space
The chart below plots RIMM in the top panel and the ratio of RIMM vs. NOK in the bottom panel. The ratio has fallen to support line (1). At the same time, RIMM is hanging by a thread at support…...
These Apparel Retailers Face the Stiffest Long-Term Resistance
The chart package below includes a bunch of apparel retailers that face some decent resistance. If you’re looking for under-performers we’d prefer the names with the longest-term resistance at hand (i.e., FL faces all-time highs dating back to 1987) and/or…...
Apparel Retailers Face Resistance as a Group
The chart below plots the DJ Apparel Retailers Index. The index faces resistance line (1) which has marked cyclical highs for the group in 2000 and 2007. Until the index can take this resistance to the upside, we’d think this space…