China Back in News with Stimulus Rumors as Ratio of the SPX vs. SSEC at Major Long-Term Resistance
One of the more compelling set-ups I’ve presented in a while when you think about it in the context of what we know / think we know and the recent rumors of a new Chinese stimulus plan! The chart below…...
Spread Trade Opportunity in Flat Panels / LCDs
Chart below shows the ratio of PANL vs. CREE and the DJT vs. SPX. PANL and CREE are competitors – suppliers to the flat panel/LCD TV industry. Note the ratio has reached long-term resistance and is putting in a pattern…...
Nat Gas Going to $7 in Coming Months?
Our progression on Nat Gas has gone from incredulity in June even as it had just rallied ~40%, to bullish a few weeks ago. In June we noted that despite a ~40% rally off its decade-long lows, the commodity had…...