Telco Equipment Industry Looks Very Bullish

Telco Equipment Industry Looks Very Bullish

Below I plot the S&P Telco Equipment Index back to 1980. Notice price has spent much of 2018 consolidating atop the key pivot congestion areas from 1997 (launched the parabolic run into 2000) and 2001 (launched the collapse into 2002…...

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Uranium Prices Clearing Decade-Long Resistance

Uranium Prices Clearing Decade-Long Resistance

Confirming my suspicions in a 6/10/18 post outlining a bullish case for uranium, in the left pane below the commodity is actively clearing decade-long falling resistance this month. At the same time, the Trump admin has opened an official investigation…...

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Set-Up for Uranium Looks Bullish

Set-Up for Uranium Looks Bullish

Few realize it, but the US uranium industry filed a Section 232 petition with the US Department of Commerce (DoC) in Jan-18 seeking relief from the harmful consequences of uranium imports, almost all of which come from state-owned, sponsored or…...

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Relative Industry & Associated Constituent Set-Ups

Relative Industry & Associated Constituent Set-Ups

In the context of “needing” equity exposure, I present below a handful of relative industry set-ups that I find technically interesting.  To reiterate, these are relative, not absolute industry out-performance ideas.  In the event of major equity downside, consider them…

DB: The Great Counter-Party Unwind Cometh?

DB: The Great Counter-Party Unwind Cometh?

DB – the German-traded shares – now sit at 25-yr support with this morning’s ~5% decline baked into the cake. As the health of this behemoth appears increasingly tenuous, we must remind ourselves that DB holds anywhere from ~$40-$50 trillion…

Ag Commodity Complex Historically Oversold

Ag Commodity Complex Historically Oversold

Like nearly all of the commodity complex ex crude, the Ag portion of the space [via the S&P GSCI Ag Index: (SPGSAGD)] put in an all-time high bubble top in Mar-11 with the the YoY on the SPGSAGD first entering negative…...

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Additional Evidence Suggesting a Historic Top in Place for Defense Stocks

Additional Evidence Suggesting a Historic Top in Place for Defense Stocks

In March I began making the case that defense stocks were in the process of putting an important top in place, which you can read about here. However, at that time I don’t think I fully appreciated the exact nature…...

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Chart Dump

Chart Dump

Lots to look at here.  I’m by no means advocating positions in all of these, I just find the charts interesting.  That said, there are many I would want to own.  Some are far more speculative and less liquid than…

GE Approaching 50-Yr Relative Support

GE Approaching 50-Yr Relative Support

In the chart below the ratio of GE vs. the SPX is approaching 50-yr support dating back to 1970. Historically, this support has helped launch major relative rallies in the stock vs. the broader market. On its own, GE is…...

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Revisiting the Defense Industry as the First-Ever Audit of the DoD Commences

Revisiting the Defense Industry as the First-Ever Audit of the DoD Commences

All the way back in this Oct-12 post I highlighted the defense industry and a few of its individual components, noting what I thought were theire overall bullish positioning vs. the broader market after a decent stretch of under-performance. Below I…...

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