Transports Have Had a Great Run Since September, Now What?

Transports Have Had a Great Run Since September, Now What?

I kind of dropped the ball on the Transports back in early October. In this post I highlighted the fact that I thought they’d continue to under-perform until the ratio of the DJ Transports vs. SPX fell to 3.2-3.3 vs…....

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After a Brutal January, Gold Miners Approaching Support

After a Brutal January, Gold Miners Approaching Support

The Arca Gold Miners Index is down over 10% thus far into January. Brutal indeed. That said, the index now finds itself at support line (1) below, where swing lows from 2010 and 2012 occurred. As it reaches this support…

Historical Cycle Analysis - What Type is This & Where Are We?

Historical Cycle Analysis – What Type is This & Where Are We?

The chart below plots the Dow since the late 1800s and includes its four-year rate-of-change (RoC). Why do I plot the four-year RoC? Through history, bull cycles have lasted 48 months on average, or four years. As such, I thought…...

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The AAPL Experience Highlights the Zero-Sum Nature of Financial Markets

The AAPL Experience Highlights the Zero-Sum Nature of Financial Markets

There’s a certain unnamed economic blogger out there that loves to highlight the following maxim in rejecting the “excess cash on the sidelines” argument so incessantly tossed around in the financial media as a data point supporting the likelihood of…

Equity Analog Update

Equity Analog Update

1987 vs. 2011 Crash Lows “Volatility” Analog 4th & 5th Consecutive Annual Gain Analog (including 1928) 4th & 5th Consecutive Annual Gain Analog (only 1988-1989 vs. 2012-2013)...

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Silver Highlights

Silver Highlights

This post updates our last post on silver from January 11th right here. In that post we said two important things: 1)  “…it (silver) will peak out a dollar above current levels on a weekly closing basis at ~$32 (potentially more…...

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Surveying the Carnage in AAPL and its Evolving Set-Up

Surveying the Carnage in AAPL and its Evolving Set-Up

Was happy we could get this call so correct – both the top, how the initial sell-off was not to be bought and just over a week or so ago, the likelihood that the stock’s downside would soon accelerate, as it…...

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Sentiment Round-Up

Sentiment Round-Up

With the market’s incessant lurch higher of late it seems appropriate to do a sentiment round-up. I’m not going to editorialize the charts/data points below, but simply present them, with descriptions of what they are where appropriate, and let you…...

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This Group Finds Itself Back at Relative Support

This Group Finds Itself Back at Relative Support

In summer 2012 we over-weighted coal stocks given the ratio of the DJ Coal Index vs. SPX stood at the combo of support lines (1) and (2) below. The group ran incredibly well into the November elections, out performing by…...

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Put this Stock on Your Radar as the Next Move is Apt to be a Big One

Put this Stock on Your Radar as the Next Move is Apt to be a Big One

MNST has traded in an upward sloping channel formed by lines (1) and (2) since 2005 in the chart below. Both lines have produced large moves in each respective direction. At the blue inset, it failed at line (1) resistance…...

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