The Significance of Two years Ending in ‘6’
The rally off the March 2009 lows has been one of the strongest moves in history. Only the moves off the 1921, 1932, 1942 and 1982 lows have been comparable. Having said that, the rallies from the 1932 and 1942…...
Caveat Emptor
One can spend their time doing more value-added things than plotting the technicals of major-market indices given how prone to failure I believe them to be. That being said, when such technicals accord with more value-additive analog work, their corroborating…...
Lower and then Higher (Significantly)
I started the year with a very bullish bias and believed the presence of robust analytics supported such a disposition. However, those analytics were fairly binomial with respect to the timing of their expected bullish outcome – they necessitated a…...
Random Short Opportunity of the Day
In the chart below CALD is breaking below line (1) support at the inset. The support line (1) in question that has broken has acted as a rising, multi-month shelf of sorts. Break-downs from similar technical set-ups have occurred regularly…...
Samesies
I quote Michael Cera in Superbad in this post’s subject line because the charts below are the same pattern. One is ARRS and the other is TIVO. Both are bullish ascending triangles and both share the same date axis and…...
Market’s Respect for Trend Has But Seven Historical Precedents
As of last week the Wilshire 5K closed above its 30 week MA for the 70th consecutive week dating back to 11/25/2012. That’s an incredible feat of “trending”, if ever there was an obvious representation of what unbridled bull market…...
Semi Thesis Bears Fruit
We have been extolling the virtues of the coming wave of potential semiconductor out-performance since July of last year. We were probably a touch early with that call as the relative performance of the group fell ~170 bps from the…...
Key Breakdowns
I’ve got two simple technical charts below. One is the SSEC and the other copper, both on a weekly basis. The SSEC is on the cusp of breaking down from major long-term patterns including the flag formed b/t lines (1a)…...
Gold Offers Favorable Risk/Reward Set-Up, But in Which Direction?
A few weeks ago on 2/19/14 we made a high conviction call to buy gold and related miners. Our thesis in that post was based on two historically bullish price action characteristics that the metal was then exhibiting including: Gold…...
Nikkei Remains on Track
Wanted to update our ongoing Nikkei 6 mo RoC > 65% analog (a previous update here). Prices in the charts below reflect today’s US futures based price of ~14,450 as this is what tonight’s Japanese-based trade will likely converge around…....