BKS Update

BKS Update

On 5/28 we advocated long positions in BKS based on both a favorable fundamental and technical backdrop. With today’s news re: the planned split of the NOOK media and book retail businesses, the stock is up an impressive ~10%, putting…...

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Under-Performance in Apparel/Clothing/Accessories Industry to Continue

Under-Performance in Apparel/Clothing/Accessories Industry to Continue

LULU cut guidance this morning and finds its stock down ~15% today.  This is hardly the extent of the pain this name has suffered though as it’s down 55% since its 2012/2013 peak of ~$80. All we have to say…...

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Thin Red Line

Thin Red Line

Forget everything I’ve said about the Nikkei over the past 12-18 months; all the words, analogs and postulations. Instead, focus on the thin red resistance line (1) in the chart below.  It is the only thing that matters to the…...

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US Bond Price Downside: Time to Ride the Second Wave?

US Bond Price Downside: Time to Ride the Second Wave?

We began espousing the idea that bonds had peaked on a secular and cyclical basis in spring 2013.  While it’s been very fashionable to hold such a view for many, many years now (hyperinflation has been imminent since QE1 in…...

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INTC Breaking ~14 Yr Resistance, to Accelerate Outperformance of Semis

INTC Breaking ~14 Yr Resistance, to Accelerate Outperformance of Semis

In the chart below INTC is breaking above ~14 year resistance line (1). Assuming the week’s gains hold this likely implies that the semi group outperforms on an absolute and relative basis vs. the broader market in accelerated fashion over…...

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IBEX to Outperform SPX

IBEX to Outperform SPX

In the chart below the ratio of the IBEX vs. SPX is attempting to break above long-term resistance line (1). Look at how well-behaved the ratio b/t these two assets has been across this line historically. Also note the precipitous…...

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White Space

White Space

This post is not an impellent to purchase semi stocks – I’ve done that ad nauseam this year in the ‘Semiconductor’ category on the site. Instead, this post is an update to show that there is nothing but white space…...

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How Much Value in this Name?

How Much Value in this Name?

Super-Valu? In the chart below SVU is breaking above resistance line (1) which has been in place since 2010. Coupled with a continued favorable back-drop for grocers, I wouldn’t be surprised if this break-out helps push the stock materially higher…...

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