Recent Rally in Crude to Pressure Equities?
SentimenTrader had an interesting analysis on the short and intermediate-term rally we’ve seen in oil this year and when it’s happened in the past, its implications for stocks. They looked at periods in the past when crude has jumped at…...
46 Months is All She Wrote?
Is that all she wrote for the current U.S. equity bull? The case may be quite simple and compelling: DURATION – at 46 months now, the current bull is the third longest in history. Only 2003-2008, 1924-1929 and 1991-2000 lasted…...
Compelling Risk/Reward for this Video Game Stock
I’ll preface by noting this is a higher-risk play. That said, its potential reward characteristics are vast and likely larger than any downside risk. Maybe the best way to think about it is as follows: If I told you a…...
Additional Color on Market Internals
Yesterday we took a look at the ratio of NYSE advancing vs. total issues. We suggested that ratio was getting oversold and potentially pointed to at least a near-term bounce in equities. Today we add some more color on market…...
Market Oversold or More Downside to Come?
In the chart below the ratio of NYSE Advancing vs. Total Issues is plotted in the lower pane. The current print is highlighted in yellow. Note that since 2006 this level of depressed advancing issues vs. total issues has tended…...
This Stock is Pushing Through 13 Yr Resistance; Upside Could be Material
EFII is presented on a daily basis below. There are two patterns in the chart worth noting. The first is the ascending triangle pattern b/t lines (2) and (3), or the red shaded area which has formed since 2000. Such…...
Up Nearly 70% in a Year, The DJ Biotech Index is Approaching our 1,400 Target; Now What?
These guys are nearing the end of their cyclical runs. In July of last year we noted the group was working on a break-out. In that post we suggested the group was highly compelling. We went on to update the…...
Anywhere from 15 to 33-Year Support Appears to Be Weakening for these Three Short Opportunities
In the chart below RT, ADSK and PLCM sit atop 30, 33 and 15 year support lines. These stocks’ ability to bounce along each’s key long-term support lines in the charts appears to be getting weaker and weaker. As such,…...
Chart Dump of 9 Long/Short Opportunities
In the chart below there are seven long opportunities and two short opportunities. The last two are the short opportunities (CCO, SCCO) and are both mining related. Will let you pick/choose which longs you might find most appealing but all…...
+32% and +22%, Respectively, in Two Weeks
We will continue to belabor this point over and over: You can choose to waste your time reading sententious bloggers/economists who drop wisdom manna-crumbs from on high about how money is created, blah, blah, blah, or, you can choose to…...