Yen Has Reached Multi-Decade Support

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…...

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Clubber Lang May Finally Be Ready to Fight

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…...

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Continue to Favor Telco Equipment & With It a New Long Idea in the Industry

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…...

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Consolidation of Important FX Cross Nearing Conclusion

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…...

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Nikkei Short-Termism (Part 2)

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…...

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Nikkei Short-Termism (Part 1)

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…...

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