One-Way
Although the nadir for the DJI during the GFC came in Mar-09, the index’s YoY didn’t turn positive until Oct-09. That was 95 months ago. Remarkably, the index’s YoY has been positive in 85 of those ensuing 95 months, or 89%…...
Retailers: Finally Oversold?
The ratio of the DJ Apparel Retailer Index vs. SPX has declined 39% off its 2015 highs as of last week. In doing so the ratio has fallen to historical trend-line support formed off other major pivot lows from 1997,…...
Large AUDNZD Rally to Occur
This is a random FX post – which I don’t do often – but I think it’s high probability and big enough in its potential P&L impact that it’s worth posting. Below, note the AUDNZD pair is testing a break-out…...
Multiple Years of USD Work Suggests Another Secular Peak in Place
Back in March-2015 we highlighted the chart below when the USD was approaching ~100 and noted that at this price level the currency was nearing major long-term resistance line (1) and that it had spent very little time above that resistance…...