Nikkei Technicals
Going back to spring/summer 2012, we’d like to think we were arguably among the first anywhere to begin highlighting the likelihood of the Nikkei launching a major new bull market. In fact, on August 13, 2012 when the Nikkei stood…...
More on the Nikkei Retest
My last two posts have highlighted the Nikkei’s need to test old resistance, or the initial swing highs from May 2013, as new support. I did a post here outlining what that would likely look like working off how the…...
Nikkei Granularity & Short-Termism
Don’t want to get too cute here because the last thing I want to do is to get excessively myopic about a few % correction from recent highs given the potential upside move to ~35k-45K I’ve been pontificating about for…...
Nikkei Needs to Successfully Test Old Resistance as New Support
On a shorter-term basis I believe the Nikkei needs to successfully test its recent break-out as new support. For me, that break-out is less about the 16K level, or long-term trend resistance dating back to 1990, and more about the…...
Yet Another Layer of Analysis for Our Nikkei Framework
I wanted to add yet another layer of analysis to our ongoing Nikkei work which continues to suggest the potential for material upside in the index moving forward. If you recall, the last layer of analysis we added in building…...
Different Analyses, Simpatico Conclusions
As of today the SPX is +800 bps YTD. That’s very impressive and even more so considering an up 2014 would represent the index’s 6th consecutive annual gain dating back to 2009. As you undoubtedly know by now given we have…...
Key Ratio Involving Nikkei Appears to be Breaking Down
But, if it happens, it will have positive ramifications for the Nikkei. In the chart below the ratio of the DJ Global Index, or basically the world’s stock market index, is plotted vs. the Nikkei since the early 90s. That ratio…...
Break-out of Small Cap Tech Security Player
VDSI is breaking out from an ascending triangle pattern b/t lines (1) and (2) in the lines below. The height of the pattern is ~$15 implying the potential measured move higher, or price target, is ~$30 given the break-out occurred…...
Adding to Profitable C-Store Position
On May 28 we suggested buying PTRY when it stood at ~$16 based on its technical and potential fundamental set-up. Since then it is +25% to nearly ~$20. The SPX is +1.4% over the same period. In our original post we…...
SPX Technicals
If yesterday’s post is correct, and the market needs to fall per the 4th/5th/6th consecutive gain analog, just like it did from July-October 1990, then we need to think about potential downside targets. Again, these targets assume that yesterday’s thesis…...