As Suggested in May, Risk-Free Rates Have Risen Materially
We have absolutely nailed the US treasury/rate trade (and its implications to other asset classes) and have no shame in stating as much. We were prescient enough in October of last year to suggest that if one were bearish US…...
Bullish, Inverse H&S Set-Up in this Stock
I sent this set-up to you in an email this week and merely want to “officially” post to the site for posterity. PBI has recently formed a bullish, inverse H&S pattern over the past ~two years. With its announced $400…...
Reflecting Back on Last August’s Chart Dump of 16 Long Opportunities a Year Later
On August 9th of last year, or nearly a year ago, we had a post detailing favorable/bullish looking technical set-ups for 16 different companies. This is what we said in the post about the opportunities: “…for those looking for long…
Time for Euro Financials to Surprise, but in Which Direction?
In later April we suggested over-weighting this group in general and pointed to RBS specifically. Since that time the Dow Jones Euro Financial Index is up ~800 bps vs. a ~700 bps increase in the SPX. Not tremendous. However, RBS…...
China Update
Last night Chinese Premier Li Keqiang made some comments re: future GDP growth, suggesting the country will seek to maintain a level of at least 7%. This was one of the more unequivocal and clear statements anybody in a position of…...
Curent Cyclical Rally Entering Rarefied Air, Heightening Chances of Another Bad Ending, Though Timing Still Unknown
I’ve touched on this statistical subject a few times in the past and wanted to give an update on it. Last July we had this post showing the length of cyclical/secular rallies through history on the Dow. More recently we…...
“Those Five-Year Highs…You Will Never, Ever In Your Life See Those Highs Again”
So said Jeff Macke in this piece on Yahoo Finance from Friday re: MSFT and its disappointing earnings results, which sent the stock down ~10% that day to ~$31. But, in looking at the long-term MSFT chart, does last Friday’s…...
Additional Chinese Stock Break-Out
In the chart below YOKU is plotted on a daily basis. It has formed a fairly nice base over the past two years in the $15-$20 area. In that time it has also formed a flag/pennant pattern b/t lines (1)…...
Chinese Stock Break-Out
Big bust out of DATE below. So long as it’s not a head-fake, could portend a very big move higher. Also could be indicative of our broader thesis re: China being a bull. Lastly, would imagine that thematically, if there…...
Another Former Tech-Sector Darling, This Group Has Languished for a Decade
Over the past year we outlined our view that old-line tech (can you believe we’re calling tech “old-line” these days?) would begin to out-perform the broader market. Specifically, we highlighted YHOO as our favored play for this theme. We updated…...