Houston, Do we Have a Problem?
Remember this post that had us wildly bullish a few months back given the statistical significance of its conclusions? Well, that analysis went into effect as of the week of 8/17/12, the week we received the signal. As of the…...
Euro Financials Have Beat the SPX by 30% Since Summer, Now What?
The chart below plots the ratio of the DJ Euro Financials Index vs. SPX This ratio has risen by ~30% since this summer after bottoming along line (3). For some background on why Euro-centric has out-performed U.S.-centric in recent months,…...
Trade Idea in Gold Miners
I think it’s time to be short this group. Referring back to this post from July 21, we noted the potential for a repeating pattern in the Arca Gold Miners index. In that post, we noted the index could bounce…...
Euro Approaching Resistance
In the chart below the Euro is very close to reaching resistance line (1) which has been in place since April/May 2011 as global risk assets first began topping out in front of the summer/fall mini-crash in the SPX. Using…
If Silver Was a Bubble and 2011 Marked the Top, This is Where the Second Wave of Selling Likely Begins
It’s been a long time since we’ve done any work on silver or precious metals for that matter. There just haven’t been many interesting technical set-ups to speak of one way or the other. However, that seems to have changed…...