Bond Prices Peaking, Yields Bottoming?
In the chart below you’ll find 30 year US treasury bond prices. For the past ~30 years those prices have traveled within an upward sloping channel as yields have continuously fallen, b/t lines (1) and (2). The recent plunge in…...
Major SSEC Top Likely in Place with Potential for Index to Breach 2014 Lows
I think we did a fair amount of solid work on the SSEC going back to 2012 that suggested the index, far from being crash-prone as Barron’s was then suggesting, was much more apt to enjoy some type of strong…...
Copper May Still be the Nikkei’s Rosetta Stone
One of the first ever posts I put on the site re: the Nikkei was this one where it was suggested that 2012 for the index was analogous to circa 2002 for gold, with the point being the former was…...
More Evidence of Long-Term Deterioration in SPX Technicals
We recently had a post showing the long-term divergence in SPX price and momentum (RSI) with the former continuing to rise and the latter deteriorating. The same post showed that more often than not, such large and sustained divergences b/t price…...
Aesthetics May Improve Here
You’d think a global leader in cosmetics would be able to procure a chart with far prettier aesthetics. Instead, all that recent ugliness landed AVP on my radar as it resulted in the chart below whereby the stock began to quickly approach major long-term…...
Ball(s) Don’t Lie (Part 2)
Sheed Wallace had it right when he uttered the words “ball don’t lie” in registering his disagreement with a call a ref had made in an early 2012 NBA game. Because the “deflate-gate” scandal currently engulfing the New England Patriots invariably…
New Analysis, Same Conclusion: Nikkei Preparing for Imminent & Large Pivot Higher
Over the past year or so I’ve talked a lot before about where I’ve broadly considered our placement within this “super cycle” of sorts that began in 2009. I’ve generally thought that most of the work implied that placement was…...
Recent Collapse & Reversal in JGB Yields Hints at Nikkei Upside if History Holds
From their late 2014 swing high of ~50 bps, 10-yr JGB yields had collapsed recently all the way to ~20 bps as of 1/19/15. In the post Asian Financial Crisis world, or what we could fairly call that period in…...
Major Long-Term SPX Price & Momentum Deviations
Just plotting the SPX w/ its RSI on a weekly basis in the chart below. A couple of things to note: Price and momentum, via the RSI, have deviated materially since early/mid 2013 until now with price continuing higher as…...
Long Two Healthcare-Related Names
Purchasing AFFX and DGX per the long-term break-outs in the chart below. Specifically, AFFX is breaking above long-term resistance lines (1) and (2). With its initial rally beginning along line (3) support, parallel resistance line (4) would seemingly offer a…...