After Losing 2/3 of its Value, is There an Emerging Set-up in Cotton?

The chart below shows that the decline thus far off Cotton’s peak price in 2011 is among the worst for a former bubble. At this juncture (~+80 weeks after peak prices) only Silver’s decline off its 1980 top was worse. At the…...

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Corn Update re: Yesterday’s Post – Is this Week of 7/9/88?

Yesterday we noted Corn’s recent price action had registered a 99th percentile event last week dating back to 1960 (something that had happened only 6 other times in history). We won’t rehash the details as you can read them here…....

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Euro Likely to Drive Global Sentiment in Near-Term while Silver Hanging by a Thread above $26

On a weekly basis the Euro/Dollar cross finds itself nearing very critical support levels ~ a penny lower at ~1.215. This is the pair’s 50% Fib level b/t the 2000 low and 2008 high and also represents trend-line support (1) from…

Corn Just Registered a 99th Percentile Event Dating back to 1960; Trading Opportunity at Hand?

Corn futures have now gapped open at least +1.50% vs. their prior week close in four of the past five weeks (i.e., at least 80% of time). Including this week’s signal, this has happened a mere seven times dating back…...

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Ratio of Copper vs. Gold Suggesting Anything about Global Risks, Future Path of Equities?

We’ve spent a lot of time recently pointing out how many different price-based indicators are sitting at extremes. The ratio of copper vs. gold, a barometer of sorts for global economic activity/fear levels/risk appetite, is no different. In the chart…...

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Low Beta Leaders @ Resistance; High Beta Laggards @ Support = Potential Inflection Point for Broader Risk Appetite

Below is quarter-to-date (QTD) performance across SPX sector ETFs. Leaders (lower beta and only sectors up QTD): 1) Utilities (+11%) 2) Healthcare (+7%) 3) Staples (+6%) 4) Consumer Disc (+1%) Laggards (higher beta): 1) Energy (-5%) 2) Financials (-4%) 3) Industrials…...

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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…...

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Downside Accelerating in the Shanghai Composite; About to Break Down Technically?

In its last two trading sessions the Shanghai Composite has shed 140 and 160 bps, respectively. At the same time the index sits on trend-line (1) support dating back to 2006 within the context of a broader pennant/flag consolidation pattern…...

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Silver, Like Gold, Appears Technically Broken; Potential for Near-Term Downside Rising

A few weeks ago we highlighted our belief that gold appeared to be broken, purely from a technical and price-action perspective. Turning our attention to silver, we believe the same is true. A look at the first chart below depicts…...

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AAPL’s Run Highly Similar to Silver’s Parabolic Move; $1,000/$1 Trillion Cap Next?

Have attached two items to look at – one is a daily analog chart that compares the % increase in AAPL from January 2012 to current vs. the % increase SLV experienced from September 2010 to April 2011. These starting…...

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