Significant Upside Remains for Equities over Remaining Few Years of Bull Market
I’ve updated the 4th-5th-6th consecutive annual gain analog below. The 1988-1990 and 1994-1996 plots are DJI and the 2012-2014 plot is SPX. Note how closely these things continue to track. Though the 2012-current plot had resembled 1988-1990 so closely for…...
Reading the Tea Leaves
The reading industry has been universally loathed by the street for the better part of 15 years. By reading I mean book retailing. The initial onslaught of abhorrence came during the late 90s during the emergence of the internet. Web…...
A Buyer of This Stock
Buy PTRY. In the chart below it has put in a place SWY/KR-looking flag/consolidation pattern since ~2005/2006. Though I’ve been watching this name for months now on my chart-radar, I’ve been reluctant to point it out as a) the pattern…...
Clandestine Indian Bull Market
I’m embarrassed and quite disappointed in myself to have admit this, but I completely dropped the ball on India this year. Indian stocks have experienced a clandestine bull market this year, with the Sensex up an incredible +17% vs. ~+3.5%…...
Palladium Coiling for a Large Run Higher?
On 3/5/14 I noted palladium had developed into what appeared to be a bullish looking pattern in the context of similar patterns that the metal had registered throughout history. At the time palladium stood at ~$770 and we suggested being…...
Signs Point to Additional Near-Term Downside in Riskier Assets
In the chart below I plot the R2K over the past few years along with the Dow from 1989-1991 as well as a plot of the recent price action of the VIX. At (A) the R2K put in a fairly…...
Time Spent Waiting
It’s been approximately five months since we became ardent supporters of the idea that the Nikkei, following its initial sprint rally from fall 2012 into its May 2013 peak at 16K (an initial rally which we foresaw well before anybody…...
Duration & Size Matter
As of right now the SPX has gone 652 days and has rallied 72% without witnessing at least a 10% correction. This move dates back to the summer/fall 2011 mini-crash lows. In terms of duration/magnitude those represent 96th/89th percentile events…...
Identical Patterns
I’ve been told by a user of the site I’m not allowed to pen any additional posts about TIVO as I’ve been far too bullish for far too long on a name that has yet to reflect any of what…...
Silver Breakdown?
On 2/19/14 we used some robust historical stats on gold to suggest a position in the PM space w/ related miner exposure. At the time gold stood at ~$1,320 and silver ~$21.50, resulting in ~3% and 12% losses, respectively if…...