Semi Thesis Bears Fruit
We have been extolling the virtues of the coming wave of potential semiconductor out-performance since July of last year. We were probably a touch early with that call as the relative performance of the group fell ~170 bps from the…...
Key Breakdowns
I’ve got two simple technical charts below. One is the SSEC and the other copper, both on a weekly basis. The SSEC is on the cusp of breaking down from major long-term patterns including the flag formed b/t lines (1a)…...
Nikkei Remains on Track
Wanted to update our ongoing Nikkei 6 mo RoC > 65% analog (a previous update here). Prices in the charts below reflect today’s US futures based price of ~14,450 as this is what tonight’s Japanese-based trade will likely converge around…....
Performance Update for all Chinese Company-Specific Ideas Dating Back to June/July 2013 “SSEC at a Major Low” Call
I’ll do with all our Chinese single-stock ideas dating back to my late June / early July 2013 call that the region’s equities were at a major low (even as Barron’s was calling for a crash), what I also did…...
Chart Dump
Below you’ll find a bevy of attractive technical patterns, nearly all of which hail from the E&P space. There’s one short and that’s PERY – it has a red highlight....
Nikkei Analog Update
The concept for this analog was originally presented here as a refresher. Updates for the analog are provided across time-frames as follows: Daily Weekly Both are remarkably identical. In fact, this is one of the closest analogs I’ve ever put…...
Favored Single Stock Update
TIVO continues to look excellent in my opinion. It’s ever so close to breaking out if it can manage to get above line (1) in the chart below, which it has attacked with increasing frequency over the past year. Second,…...
Taking the Blinders Off
I think this game we play, the one where we attempt to divine the future direction of financial markets, is the toughest one that one can play professionally. By its very nature it renders success impossible, at least if perfection…...
Semi Update
Wanted to provide a quick blurb on the semi space and note that it appears as if our recent bull case on the group is just now beginning to bear fruit. As it stands, YTD the SOX is now up…...
Adding a Wrinkle to the Nikkei
On the site we’ve repeatedly discussed the Nikkei’s massive rally from fall 2012 to May 2013 which, over the course of ~six months, totaled ~85% and how among other major asset classes we can find only two other examples of…...