Chart Dump
I spent all weekend looking for attractive looking charts across all SPX industries. Below is a dump of the most compelling ones....
Protectionism as an Emerging Macro Thematic
Deep and wide is the chasm in philosophical world views that stands between the remaining three candidates – Trump, Clinton or Sanders – for the US presidency. However, that great divide vanishes when it comes to the topic of globalization and…...
This Industrial Company’s Break-Out from Two Years of Consolidation is Bullish, but Also Signals the Potential for a Similar Move in Broader Equities
In the chart below ITW has, as of today (if gains hold), officially broken out from a ~two-year consolidation/flag pattern b/t lines (1a) and (2a). The stock should be bought on this break-out. However, at the same time, note how…...
MSFT Attractive vs. AAPL
I’ve beat the tune of the bullish MSFT drums on this site dating back to 2013. Most recently I suggested a spread trade b/t it on the long side and an INTC short on 1/9/16 in this post using this…...
WMT Attractive on a Relative Basis
Suggested a long in WMT on 11/18/15 when the stock was ~$60 in this post. With today’s gains the stock is now printing ~$63, so ~+500 bps since then. By contrast, the SPX is -300 bps over the same period. That’s…...
Despite Massive YTD Run, AMZN Remains Very Compelling; Could Hit $1,000+ Or At Least Out-Perform AAPL Significantly
AMZN has had an amazing run since bottoming at <$300 in early 2015, having ripped ~135% higher in the process. Despite this run, the charts for the stock, both on an absolute basis and relative basis vs. nearly anything else you…
Putting the “Relative” Thinking Cap On
Have been scanning various industries/companies within those industries in recent weeks looking for areas that offer some combo of safety and/or out-performance opportunities “vs.” and “relative” to the SPX. There are a handful of industries that look very good right…...
Time to Buy WMT after Recent Downside
In the chart below WMT sits atop ~17-yr support line (1) after having witnessed a fair degree of intense selling YTD, with that downside accelerating in the past few weeks. The same selling has also brought it back down to…...
This Stock is Successfully Re-Testing a Previous Bullish Break-Out
On 2/23/15 in this post we highlighted the very bullish chart pattern on IPGP and suggested initiating a long in the name. At the time of the latter post we noted the name was over-extended following its break-out from a…...
MCD Hits Key Resistance
There have been some previous questions on MCD re: chart pattern and set-up, so with this morning’s gains, I figured I’d take another look and update my thoughts. In response to previous questions I’ve answered by suggesting the chart looked decent,…...