This Beleaguered Industry Just Broke out From a Bullish Descending Wedge Pattern
The chart below plots the Guggenheim Solar ETF (TAN). At its recent lows it was trading at a mere 5% of its all-time high prices in 2008. I’m not attempting to make a compelling fundamental thesis in this post detailing…...
Analog Update: You Can’t Stop this Bull, You can Only Hope to Contain it
Ridiculous title aside (which is a vague reference to the phrase I heard over and over again listening to commentators do play-by-play for the greatest athlete of all time growing up as a kid), could you ask for a better road…...
USD Bottoming & Consolidation Process Complete?
Here is the last post we had on this topic. We update to include price action through this morning (USD @ ~80.43). Per the chart below, the USD sits atop line (1) support which has been in place since April…...
If Silver Was a Bubble and 2011 Marked the Top, This is Where the Second Wave of Selling Likely Begins
It’s been a long time since we’ve done any work on silver or precious metals for that matter. There just haven’t been many interesting technical set-ups to speak of one way or the other. However, that seems to have changed…...
Analog Update
Per my email this morning about only giving this market a day or two worth of leash before giving up and turning structurally bearish, the analogs call for an insane launch higher, basically begining in and around this week. As…...
The SSEC Likely Continues Lower Though Its Irrelevancy Continues to Grow
We’ve been of the opinion that if the SSEC were to continue lower, it would not necessarily be indicative of an imminent global slow-down/recession/equity collapse. That thesis is largely derived from the chart below, which plots the path the SSEC…
Post Bubble Analog Suggests Housing Stocks Closer to Full Valuation than Nat Gas
In this post we highlight our post bubble analogs to see how close housing-related stocks and Nat Gas have come to lessening the valuation gap they’ve recently exhibited vs. where other bubbles have tended to trade some ~375-400 weeks after…...
Analog & Systematic Model Updates
The chart below shows our 4th/5th consecutive annual gain analog updated for Friday’s closing value on the Dow. At its intra-day low on Friday the Dow had corrected ~830 bps off its mid-September high of 13,600 and at its closing…...
Two-Month, 450 bps Sell-off in the SPX Apparently Now Enough to Ring the “Crash” Sirens?
We’re once again seeing notable calls or premonitions for some type of impending market crash. Tonight, ZeroHedge trots out such a call with the use of some analogs, apparently by way of Bloomberg and Citi. We are also on the…