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

Below is quarter-to-date (QTD) performance across SPX┬ásector 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…...

Member only content: Login to view or Register

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…...

Member only content: Login to view or Register

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…...

Member only content: Login to view or Register

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…...

Member only content: Login to view or Register

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…...

Member only content: Login to view or Register

Being Analytically Honest, Presenting the Other, More Bullish Case for Gold & Miners

Had an earlier post this morning on why gold was technically broken. So long as prices remain below the 12 month MA will continue to believe that the onus is on the metal to prove itself to the upside. That…...

Member only content: Login to view or Register

Price Action in Gold Suggests the Metal is Technically Broken, At Least For Now

The fundamental case for gold is quite clear as it pertains to ongoing global monetary/fiscal crises and the threat that central bank intervention/”money printing” leads to future runaway inflation. In fact, from a crisis-hedge standpoint, isn’t the world we live…...

Member only content: Login to view or Register