Recent Carnage in Grains Historically Indicative of Sustained, Multi-Year Commodity Bear Markets

Recent Carnage in Grains Historically Indicative of Sustained, Multi-Year Commodity Bear Markets

Historically, three-day declines of at least 13% in corn as we’ve just witnessed with today’s decline, are indicative of: 1) multi-year corn bear markets 2) multi-year commodity bear-markets per the CRB Commodities are in a bear market and are likely…...

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Recent Nikkei Price Action Rare in Context of Nearly 120 Years of Dow Trading History

Recent Nikkei Price Action Rare in Context of Nearly 120 Years of Dow Trading History

The Nikkei gained 19.3% in 1Q13. Impressive, no doubt. How impressive? Since the late 1890s the Dow has had only 11 quarters where it’s gained at least 19%, making such occurrences a 2.4/100 event. I present those instances in the…...

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Philippine PSE Composite Portending Heightened Global Instability Again?

Philippine PSE Composite Portending Heightened Global Instability Again?

The Philippine PSE Composite faces material long-term resistance lines (1) and (2) in the chart below. It’s been at these lines where the Asian financial crisis of 1997 began, where the U.S. tech bubble explosion accelerated in 2000 and where…...

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Mega-Cap Consumer Index Faces Significant Long-Term Resistance

Mega-Cap Consumer Index Faces Significant Long-Term Resistance

The Morgan Stanley Consumer Index faces significant resistance in the chart below represented by line (1), which dates back 15 years, as well as 161.8% Fib expansion resistance formed off its 2007 highs and 2009 lows. This index is composed…