Nikkei Tacks on Another ~3% Tonight To its Already Incredible Run; Where’s the Next Relevant Resistance?
The Nikkei’s run has been incredible over the past few months. In early June 2012 at the global equity bottom, futures were trading at ~8,225 vs. the current 10,880. That’s a 30% gain in six months. In the chart below…...
Consolidation Patterns in Gold & Silver Appear to be Ending
Both gold and silver find themselves caught in consolidation/flag patterns in the chart below, formed by their respective lines (1) and (2). Both currently sit on line (2) support. We aren’t suggesting which direction they’re apt to turn in next…
Contrarian Short Opportunity in Consumer Tech?
V and MA presented in the chart below. Both are reaching/close to formidable long-term resistance lines. As this resistance approaches, a timely contrarian cover story in Barron’s this past week espousing the need to buy both names. The long-term thesis…...
After a 50% Rally in the DAX Barron’s Wants us to ‘Buy Europe’; How Timely is that Call?
Throughout 2012, every time we saw a 5%-10% correction, we heard the “CRASH!” sirens going off. As we pointed out here during the last such correction into November, the crash had already happened, but it was in 2011 when nobody…