PM/FX Crossroads
Fairly simple chart today with fairly straightforward conclusions. Below you’ll find that gold and the USD are at critical crossroads with the former/latter facing two-year resistance/support. The USDs chart is particularly intriguing to the extent that the support line in…...
Performance Update for all Chinese Company-Specific Ideas Dating Back to June/July 2013 “SSEC at a Major Low” Call
I’ll do with all our Chinese single-stock ideas dating back to my late June / early July 2013 call that the region’s equities were at a major low (even as Barron’s was calling for a crash), what I also did…...
Performance Update for 2014’s Company-Specific Ideas
I continue to have very little to write about on a day-to-day basis that I haven’t already discussed previously. Ultimately, I think I’ve sliced and diced U.S. markets about as extensively as one can in terms of divining future outcomes;…...
How Much Upside/Downside in This Commodity?
Be a buyer of palladium. If you don’t trade futures, that’s the PALL ETF, which has decent liquidity. Your initial upside target for the metal is ~50%, to $1,150 from the current ~$770. The logic for being bullish this metal…...
Chart Dump
Below you’ll find a bevy of attractive technical patterns, nearly all of which hail from the E&P space. There’s one short and that’s PERY – it has a red highlight....
Analog Update
I’m just going to present analogs first and then following those visuals try to tie it all together into some type of assessment of what they all mean. 1) Dow – 4 Yr RoC > 100% – All – Weekly…...
Predictable
Such were the materially large moves in Ukraine’s equity and FX markets over the past ~10 trading days, per the transparent technical patterns in the chart below, which portended that both were on the verge of transpiring. Of course, the…
Nikkei Analog Update
The concept for this analog was originally presented here as a refresher. Updates for the analog are provided across time-frames as follows: Daily Weekly Both are remarkably identical. In fact, this is one of the closest analogs I’ve ever put…...
Favored Single Stock Update
TIVO continues to look excellent in my opinion. It’s ever so close to breaking out if it can manage to get above line (1) in the chart below, which it has attacked with increasing frequency over the past year. Second,…...
Taking the Blinders Off
I think this game we play, the one where we attempt to divine the future direction of financial markets, is the toughest one that one can play professionally. By its very nature it renders success impossible, at least if perfection…...