PC Players Could Have Significantly More Downside
We recently had a post on INTC and noted it sat at quarter-century support. We also noted that relative to the XLK tech ETF, it was as cheap as it’s ever been. In that post we asked the following if…
GOOG Has ~20% of Additional Out-Performance vs. AAPL
The chart below plots the ratio of AAPL vs. GOOG. As the ratio declines AAPL is under-performing GOOG. The ratio has recently completed a bearish H&S pattern and has broken below support line (1). It’s next major areas of support…
Spread Trade Opportunity in Flat Panels / LCDs
Chart below shows the ratio of PANL vs. CREE and the DJT vs. SPX. PANL and CREE are competitors – suppliers to the flat panel/LCD TV industry. Note the ratio has reached long-term resistance and is putting in a pattern…...
Likely Time to Warm up to a Few Key Commercial Truck Players
Charts below plot NAV and SRI on a weekly basis. Both companies play in the commercial truck space – NAV a truck OEM and SRI a supplier to truck OEMs. As a junior analyst on the sell-side, I was responsible…
GOOG Up 9% Since Our Bullish Post Two Weeks Ago
On 9/12 we had a bullish post on GOOG and noted it’s time for out-performance was likely near given a strong technical and seasonal set-up (GOOG has only had one down October out of eight in its entire trading history and average…
Spread Trade Opportunity in Smartphone Space
The chart below plots RIMM in the top panel and the ratio of RIMM vs. NOK in the bottom panel. The ratio has fallen to support line (1). At the same time, RIMM is hanging by a thread at support…...
Nasdaq Clearing 12-Year Resistance; Time to Pay Attention to Names/Themes That Worked in the Late 90s Again?
A little over a week ago on September 10th, before Fed day last Thursday, we noted that it appeared the Nasdaq was finally clearing its 50% Fib retracement level off the 2000/2002 highs/lows, something it hadn’t been able to do for…...
INTC Sitting On Quarter-Century Support Dating Back to 1986; Ratio of INTC vs. XLK Near All-Time Low
The chart below shows that INTC sits at quarter-century support line (2) dating back to 1986 while it is caught in a long-term consolidation pattern b/t lines (1) and (2). At the same time, the ratio of INTC vs. the XLK…
GOOG’s Day in the Sun is Likely Arriving with $1,000 in the Cards
Even as AAPL has risen some ~225% from its highs in 2007 GOOG shares are still DOWN 3% after peaking in the same year. We believe GOOG’s fortunes are in the process of changing as is the market’s perception of…
Technicals & Seasonals Suggest iPhone 5 Release Could Disappoint AAPL Investors
Chart below shows AAPL on a daily basis. On a more granular basis at inset (A) the stock appears to have broken down from a mild ascending wedge pattern yesterday formed by lines (1) and (2). On a longer-term basis at…...