![Yen Has Reached Multi-Decade Support](https://i0.wp.com/www.onlypricesmatter.com/wp-content/uploads/2015/05/2015-05-28-Yen-Monthly.png?resize=150%2C150)
Yen Has Reached Multi-Decade Support
In the monthly chart below the Japanese Yen has reached multi-decade support lines (1) and (2) after breaking down in the past two weeks from the bearish-looking flag/consolidation pattern we had recently highlighted in this post. Line (2) dates to…...
![Clubber Lang May Finally Be Ready to Fight](https://i0.wp.com/www.onlypricesmatter.com/wp-content/uploads/2015/05/2015-05-20-T-Monthly-close-Weekly-HLC.png?resize=150%2C150)
Clubber Lang May Finally Be Ready to Fight
On 7/29/14 we highlighted Mr. T as an increasingly attractive long. At the time we didn’t openly advocate an immediate position in the name, but said the following: “Would look to purchase T on a break-out this week assuming it…...
![Continue to Favor Telco Equipment & With It a New Long Idea in the Industry](https://i0.wp.com/www.onlypricesmatter.com/wp-content/uploads/2015/05/2015-05-20-JNPR-Telco-Equipment-Index.png?resize=150%2C150)
Continue to Favor Telco Equipment & With It a New Long Idea in the Industry
Late last year on 12/23 we had a post that suggested the DJ Telco Equipment Index would be a source of relative out-performance vs. the SPX in 2015. Our proxy for that call, the IGN ETF, has delivered +725 bps…...
![Consolidation of Important FX Cross Nearing Conclusion](https://i0.wp.com/www.onlypricesmatter.com/wp-content/uploads/2015/05/2015-05-11-JPYUSD-Daily.png?resize=150%2C150)
Consolidation of Important FX Cross Nearing Conclusion
We’ve discussed the prospects for and likelihood of Yen weakness going back to summer 2012 and our general belief here has been a simple one: so long as reflation is and remains the core pillar of Abenomics, so too must the…...
![Nikkei Short-Termism (Part 2)](https://i0.wp.com/www.onlypricesmatter.com/wp-content/uploads/2015/05/2015-05-08-Nikkei-Pivot-Point-Analog-w-Annotations-Daily.png?resize=150%2C150)
Nikkei Short-Termism (Part 2)
I wanted to build off the simple short-termist statistical analysis on the Nikkei posted earlier today with a similar analog/technical round-up on the index as well. What we’re trying to do today is tie our short-term views on the index…...
![Nikkei Short-Termism (Part 1)](https://i0.wp.com/www.onlypricesmatter.com/wp-content/uploads/2015/05/2015-05-07-Nikkei-futures-Down-8-of-10-Days-Daily.png?resize=150%2C150)
Nikkei Short-Termism (Part 1)
As of Wednesday 5/6 the USD-denominated, CME-listed Nikkei futures contract (NKc1) had been down 8 of 10 days. We can’t run the same analysis on the actual Nikkei index itself because Japanese markets were closed on 4/29 and 5/4-5/6, or four…...