Growth Stock Working on a Break-Out
The chart below shows SODA on a daily HLC basis and with an inset showing weekly closing values. Not a ton of trading history to this recent IPO in 2010, but both seem to suggest the stock is close to…...
Time to Buy This Euro Financial
Three charts below: 1) Euro – weekly: breaking out above trend-line resistance 2) Ratio – DJ Euro Financials Index vs. SPX – weekly: breaking out above trend-line resistance 3) NBG – weekly: sits atop important support line (1) and is…...
Updated Thoughts on Silver
It appears as if silver might break line (1) support in the chart below. If so, the post bubble analog suggests it could fall hard and fast. In this event, the most likely target would be ~$26-$28 at line (2A)…...
Political Winds About to Add New Tailwinds to our Favorite Defense Stock?
Our last post on TASR was on November 6th, right here. In that post when the stock stood at its current levels, we said the following: Given the technical set-up…we remain bullish the name but would look to preserve gains…...
SPX Break-out Appears Confirmed
Last week we had a post suggesting the SPX was breaking out in a big way on Wednesday the 12th. We noted at the time that the move higher would need to include the market holding there through the end…
Airlines Continue to Out-Perform the Broader Market but is the Pace Set to Accelerate?
The chart below plots the ratio of the SPX vs. FAA (airline ETF). Note that this week the ratio is breaking below support line (1) and seemingly falling back into a channel whose bottom is defined by line (2). If…
This Beleaguered Industry Just Broke out From a Bullish Descending Wedge Pattern
The chart below plots the Guggenheim Solar ETF (TAN). At its recent lows it was trading at a mere 5% of its all-time high prices in 2008. I’m not attempting to make a compelling fundamental thesis in this post detailing…...
Sandy Hook Have the Gun Manufacturer Bull Market Coming to an End?
Both RGR and SWHC are in the process of, or have, broken down from bearish patterns recently. In the case of RGR, it sits atop support line (2) below which dates back to 2008 and has defined its bull market…
Time to Take Profits on Short AAPL / Long GOOG Spread Trade
On October 3rd, when it stood at ~0.88, we noted the ratio of AAPL vs. GOOG still had ~20% in additional downside (i.e., GOOG had the same amount of out-performance left vs. AAPL) until it hit noteworthy support. As of…
Analog Update: You Can’t Stop this Bull, You can Only Hope to Contain it
Ridiculous title aside (which is a vague reference to the phrase I heard over and over again listening to commentators do play-by-play for the greatest athlete of all time growing up as a kid), could you ask for a better road…...