Nikkei’s Path Since Initial May 2013 Peak On Track
I continue to believe the Nikkei is likely in a new secular bull and I’ve backed this view with loads of work on this site dating back to 2012 as can be found in the “Nikkei” category. Our favored analogs…...
Analog Update
Lots of market weakness this week. Crash calls abound and everybody and their brother predicted this 200 bps sell-off last week, don’t ya know? My view on 2014 finally catalyzed recently, having become “unequivocally” bullish the other week. Apparently I…...
261.8%, 423.6% and 35%
261.8% – the Fib expansion level formed off the DJ Biotech Index’s 2000/2002 high and low, respectively, that the index ascended past in late November at ~1,350-1,400. 423.6% – the Fib expansion level formed off the DJ Biotech Index’s 2000/2002…...
Count the Similarities
As we have highlighted innumerable times on this site over the past six months in the “cycles” category, the similarities b/t the current cycle and where we are in that cycle are incredibly similar to the late 20s and mid…...
Random Long Opportunity of the Day
In the chart below SIGA is caught b/t a very long-term triangle/flag pattern formed by lines (1) and (2). At the same time, it is being held up in the nearer-term by line (3) support. See the inset for technical…...
Chart Dump of 11 Long Opportunities
Presented below are 11 different long opportunities, all of which are part of the semiconductor sector. For background on our bullish view on this sector, please see this recent piece. If one has the available will and capital, I’d look…...
Greater Than 90% Probability SPX Higher in 2014 with a Median Expected Gain of ~20%, Reaching at Least 2,100
The beauty of the markets is that everything can be empirically tested against history and nothing need be left to subjectivity. And yet and still, everything (or nearly everything) one can ever find from the soothsayers on CNBC, in Barron’s, the…...
Reflections on Lines in the Sand
All the way back on May 28 last year I put up a post titled “Where Might U.S. Equities Finally Encounter a Material Pull-Back?“. The Dow stood at ~15,300 at the time, or ~700 bps below its closing high last…...
The Best is Yet to Come
I’ve become incredibly bullish in terms of my disposition to one’s macro market exposure. I have put up post after post after post on this site over the past six months, and increasingly so as of late, detailing why the…...
Past Six Years of Chinese Malaise Nearly Unprecedented
We made a highly out of consensus call on 7/2/13 suggesting Chinese equities were at a major low. This call was concurrent with Barron’s front page story calling for a renewed credit crisis in the country. That call proved incredibly…...