Analog Update - SPX/Dow Remain on Track for Materially More Upside this Year

Analog Update – SPX/Dow Remain on Track for Materially More Upside this Year

In the chart below I’ve updated the 1988/1989 4th/5th consecutive annual gain analog. Seems as if we completely just skipped over the ~400 bps correction the Dow had in this recent ~1 month window in 1989 and are apt to…...

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Reflecting Back on the Nikkei's Switch Being Flipped to the "On" Position

Reflecting Back on the Nikkei’s Switch Being Flipped to the “On” Position

On January 11th, when the index stood at 10,800, we had a simple, two sentence post that asked two questions in the context of the resistance the Nikkei was facing in the chart we attached to that post: “Is line…

Ratio of Yen vs. AUD Breaking 23-Year Support That's Been in Place Since the Nikkei's All-Time 1989 Highs

Ratio of Yen vs. AUD Breaking 23-Year Support That’s Been in Place Since the Nikkei’s All-Time 1989 Highs

In the chart below the ratio of the Yen vs. AUD is breaking 23-year support at the inset. This support has been in place since early 1990 immediately succeeding the Nikkei’s all-time highs in December 1989. So, one has to…

Thoughts on NZD

Thoughts on NZD

In the chart below the NZD and gold have tended to trade in a highly correlated manner for the past few years. More often than not, NZD has acted as a leading indicator for gold, moving north/south before gold does…...

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Emergence of Solid Analog Framework from Which to Assess the Nikkei's Amazing Run

Emergence of Solid Analog Framework from Which to Assess the Nikkei’s Amazing Run

We’ve spent the better portion of the past few weeks focused almost entirely on the Nikkei in an attempt to better understand what’s going on with its current price action in the context of similarly positive episodes throughout the Dow’s…...

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Has the Nikkei Begun a New Secular Bull Market?

Has the Nikkei Begun a New Secular Bull Market?

Before you read this post, please take a moment to read this one first, our earliest Nikkei post on the site, as I believe it was likely our first on this subject. I’m pointing it out not to congratulate myself…...

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JGB Yields Back at Decade Old Support

JGB Yields Back at Decade Old Support

In the chart below yields on the 10 year JGB reached decade-old support dating back to 2003. Those yields experienced an aggressive intra-day move higher off support. What now for JGB prices and yields?

The Nikkei's Price Action Continues to Offer a Veritable Gold Mine of Historical Informational Content

The Nikkei’s Price Action Continues to Offer a Veritable Gold Mine of Historical Informational Content

One of the things we have increasingly struggled with is that the Nikkei’s recent price action continues to statistically align with periods of instability and downside in the Dow. Just yesterday we had a post here pointing out as much,…...

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Could Yen Weakness & Nikkei Strength Continue Unabated?  If so, How Long and to What Degree?

Could Yen Weakness & Nikkei Strength Continue Unabated? If so, How Long and to What Degree?

No crappy editorials on how bad Japan’s economy is and debt this, inflation/deflation that, demographics him, GDP growth her… One chart. The ratio of the Yen vs. Nikkei has traveled in this upward channel defined by lines (1) and (2)…...

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The Nikkei's 99.99th Percentile Price Action

The Nikkei’s 99.99th Percentile Price Action

With the Nikkei’s massive move last night it has managed a two-day, +530 bps rally. At the same time, its bull cycle is stretched as the four-year RoC already stands at +44%. In other words, though being deep in the…...

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