Nasdaq is at a 12 Year High, What’s it Mean in the Context of History?
Last week the Nasdaq closed at 3,194. This marked a 12 year high. The index hadn’t notched a 12 year high in 674 weeks, or nearly 13 years. What’s that mean in the context of history? Well, because the Nasdaq…...
A Stock People Love to Hate is Working on a Decade-Plus Break-out
The pattern on the stock below is one of the more compelling we’ve seen in a very long time. It’s a bullish ascending triangle pattern and has formed for over a decade, going back to 2001. If one compares it…
Another Industry Set to Out-Perform the Broader Market?
Another relative performance-based post. The chart below highlights the ratio of the DJ Leisure Goods Index vs SPX and its attempt to break out from a decade-plus descending triangle pattern. Though such patterns are typically bearish, I’m inclined to believe…...
Evolving FX and PM Set-Ups
Forgive me for continuing to focus so much attention on the PM space. However, I do tend to think it currently offers very solid risk/reward set-ups and more importantly, the opportunity to make some money on the short side in…...
Might This Stock Double or Triple in as Little as 6 Months?
CUB is sitting on channel support line (1). Also caught in a flag pattern formed by that line and the blue line. Last two times it’s been at channel support and has formed a flag pattern (A and B) and…...
Investors Are Loading Up on Stocks Again…Run for the Hills
Per SentimenTrader, the three month flow into mutual funds and ETFs is at an all-time high in the chart below. Time to run for the hills and ring the crash sirens again!
Yen Now Near-Term Oversold; Still a Strong Believer in Intermediate & Long-Term Downside Thesis
The chart below shows the Yen on a weekly basis. It finds itself at support line (1) and (2). Moreover, in the lower pane, our preferred method of assessing price momentum has reached an oversold status seen only 6x since…...
Video Game Industry’s Golden Years Long Gone
Chart below plots the ratio of the DJ Toys Index vs. SPX. Note that it sits toward the bottom of long-term channel support, which is supportive of the group out-performing moving forward, so long as that support remains in place…....
This Stock is Working on a Break-Out of 15 Year Resistance
RAD is presented on a weekly basis below. The stock is pressing 15 year resistance line (1) right now as well as its 23.6% Fib resistance formed off its 2007 highs and 2009 lows. I would emphasize that line (1)…...
Taking a Look at the Healthcare Industry
The chart below highlights the ratio of the DJ US Healthcare Providers Index vs. SPX. The ratio is caught in a long-term ascending triangle pattern b/t lines (1) and (2). Typically such patterns are bullish and result in strong break-outs…....