Time to Warm Up to Nat Gas?
I’ve shown you the analog chart with housing and all the other “popped” bubbles. This is the chart that left us believing housing was a compelling trade last year and remains one today. We’ve also used the chart of late…...
Despite 175% Rally From August 2011, S&P Homebuilder Index Still Has ~20%-50% More Upside
I’ll reiterate my very simple thesis on homebuilders which I’ve maintained for quite some time now: They remain noticeably under-valued relative to where other bubbles tend to trade ~350-400 weeks after their peak bubble prices. This was much more so…
Nat Gas’s 40% Rally off its Lows Has Proven Little From a Long-Term Perspective
Earlier this year Nat Gas broke through a 20 year support line (1) rather forcefully. Since then the commodity has rallied ~40% off its proximate decade-long low of ~$1.90. That rally has taken it back up to its first noteworthy…...