Chinese Stock Break-Out
Big bust out of DATE below. So long as it’s not a head-fake, could portend a very big move higher. Also could be indicative of our broader thesis re: China being a bull. Lastly, would imagine that thematically, if there…...
Another Former Tech-Sector Darling, This Group Has Languished for a Decade
Over the past year we outlined our view that old-line tech (can you believe we’re calling tech “old-line” these days?) would begin to out-perform the broader market. Specifically, we highlighted YHOO as our favored play for this theme. We updated…...
Random Long Opportunity of the Day
DGIT is presented below. The stock finds itself at resistance in the midst of an overall descending wedge pattern, which typically end bullishly. Moreover, this name is part of the media industry. I’ve favored this industry for some time (look…...
Shipping Rates Set to Rise?
Add this to the obscure posts category. I’ve never spoken about the Baltic Dry Index (BDI) before but when you do hear about it, if you do at all, it’s usually re: how badly it’s been declining and why that’s…...
Market’s Zero-Sum Nature Should Continue to Work in Favor of this Former High-Flying Industry
In September of last year we had a post suggesting the market is thematic and that every dog tends to have its day in the sun and that old-line technology stocks were about to begin sun-bathing. That belief was largely…...
Attractive Long Opportunities in this Industry Group
I favor some financial services / asset managers based on the bullish looking charts below. LM and SCHW appear the most bullish and as if they have broken out into areas that portend materially more upside. Broadly speaking, given the…...
How to Catch TSLA-like Moves Before They Occur
In the past three months TSLA shares have doubled. How does one catch a move like that before it occurs? Well, there’s never so much as a guarantee in the markets, but silly little lines can help, or at least…
Potential for a 50% Rally in This Stock is Rising
Note the stock below is working on a break above line (2) which represents its 23.6% Fib resistance formed off its recent highs and lows. This resistance, as indicated by the red arrows, has been formidable for the stock over…
This Stock is Attempting a Break-out From 15-Year Channel Resistance
F is presented on a weekly basis below. The stock is pressing the top end of 15-year channel resistance, or line (1). This line has turned the stock away 4x since the late 90s. The overall channel has been in…...
This Stock Sits at 24-Year Support
CLF on a weekly basis below. Had put this on my radar to pick up at $16 but got preoccupied with other things late last week and missed. Regardless, the $16 target was defined by 24-year support line (1) in…...