Opportunities in the Building Products & Construction Materials Space

Chart below plots the S&P Building Products Index. Remarkably, off its lows last October, the index is up ~145%. Now the index is approaching resistance line (1) dating back to 2007.  It’s also approaching resistance region (A) which dates back…...

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Bio-Techs Approaching Near-Term Support

Bio-Techs Approaching Near-Term Support

We’ve been bullish on this group for as long as we can remember going back a full four months to this post. We’ve talked recently about the possibility for the group to remain a sustainable out-performer here. As of late…

TASR Up 40% in a Month, What Next?

As noted recently, the stock’s big move over the past month saw it breaking out from a multi-year flag pattern formed by lines (1) and (2) in the chart below. In our last post on 10/26 when the stock stood…...

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Analog Update: More Near-Term Downside Likely but Cyclical Outlook Remains Bullish

We’re updating our 4th and 5th consecutive annual gain analog in the charts below. First chart displays those years in history that have represented 4th consecutive annual gains. As we have often noted, including in our 10/24 analog update, if…...

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Miners Appear Poised for Further Out-Performance vs. Gold

The chart below plots the ratio of the Arca Gold Miners Index vs. Gold. As you can see, early in 2012 the ratio hit extremely over-sold territory which has typically led to strong bounces whereby miners out-perform the metal itself…....

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