Long Mainframes

Long Mainframes

Want to be a buyer of UIS.  This story is a little bit cloud computing, a little bit turnaround and a little bit beneficiary if rates rise due to a large pension obligation.  It’s also a little bit acquisition target…...

Member only content: Login to view or Register
Telecom Equipment to be a Source of Relative Outperformance in 2015

Telecom Equipment to be a Source of Relative Outperformance in 2015

In the chart below I blot the ratio of the DJ Telecom Equipment Index vs. SPX.  B/t lines (1) and (2) the ratio has been caught within a softly declining, bullish descending wedge pattern that appears set to break out…...

Member only content: Login to view or Register
Closing PTRY Long

Closing PTRY Long

All the way back in May we suggested a purchase of PTRY based on two simple factors: 1) a bullish looking technical set-up that augured for a move to ~$37 2) a bullish fundamental backdrop suggesting the potential for the…...

Member only content: Login to view or Register
Nikkei Beginning Phase #2?

Nikkei Beginning Phase #2?

Have been expecting some type of stepped up short-term Nikkei weakness/VOL for weeks now in and around this price level.  It’s failed to materialize.  In fact, based on the 60 min chart below, the Nikkei appears to have decisively broken…...

Member only content: Login to view or Register
Critical Area for Yen/Nikkei

Critical Area for Yen/Nikkei

I have an ultra long-term monthly Yen chart (inverted) coupled with an equally short-term 60-min Nikkei chart below. The Yen, +/- a point or two, is basically at critical long-term support pointed out just recently.  That support is the combo of l0ng-term lines…...

Member only content: Login to view or Register
The Next China Play

The Next China Play

Remember this post from September 2012? In it we suggested commodities were not the best way to play a resurgence in Chinese economic or financial market prosperity.  Instead, we suggested the following: “…we have higher conviction that global, U.S.-based consumer…...

Member only content: Login to view or Register
Long-Awaited Copper Breakdown?

Long-Awaited Copper Breakdown?

I’ve talked about copper’s bearish technical pattern for quite some time including in March of this year and as far back as April of 2013.  Very recently we  highlighted it again. The price action this week has been interesting with weakness seemingly accelerating,…...

Member only content: Login to view or Register
More Evidence Suggesting Nikkei en Route to Massive Additional Gains in Compressed Period of Time

More Evidence Suggesting Nikkei en Route to Massive Additional Gains in Compressed Period of Time

The 6 month RoC > 65% framework, as it pertains to our Nikkei view, is not a new concept if you frequent this site. Over time, we’ve added new layers of analysis to that framework that have made it more…...

Member only content: Login to view or Register
Yen/USD Cross Approaching Material Long-Term Resistance

Yen/USD Cross Approaching Material Long-Term Resistance

In the chart below the Yen is reaching material long-term resistance at lines (1) and (2). In addition, its 61.8% Fib retracement level (3) formed off the 1998 highs / 2011 lows in the cross comes into play at the…...

Member only content: Login to view or Register
How Does Copper Not Fall Significantly from Current Levels?

How Does Copper Not Fall Significantly from Current Levels?

Here are some looks at copper below. The pattern this thing has put in place since it peaked in ~2011 is one big, nasty descending triangle b/t lines (1) and (2). I consider those to probably be the most reliably…...

Member only content: Login to view or Register