Decade+ Relative Strength Break-Out in This Industry
The first chart below highlights the ratio of the DJ Home Furnishings Index vs. SPX. Note the break-out above falling resistance this past week which had been in place for over a decade and had defined this industry’s inexorable under-performance…...
Equity Analog Update
You’ve all seen this a thousand times by now. That said, it’s something, given its uncanny and ongoing similarities, we want to continuously and frequently refresh. Regardless, we present the Dow’s rally from 1988/1989 and its comparison to the path…...
The Nikkei’s Switch Has Been Flipped to the “On” Position
Our single favorite asset class since starting this site last spring has been equities in general, but more specifically, the Nikkei. For those interested in our ongoing train of thought on why that has been the case, please see these…...
Nikkei in the Early Stages of a New Secular Bull Market?
I’ll let the economists debate why or why not Japanese stocks should or should not go up. All I know is that I feel that there is a reasonably compelling price-based justification for viewing the Nikkei’s nearly quarter-century secular bear…...
More Evidence the Commodity & Emerging Market Secular Bull Run is Over
The chart below highlights the ratio of the DJ Basic Resources Index vs. SPX. Note the secular rise in the ratio from 2002-2008 indicating the ongoing strength of the secular bull market in basic resources, commodities and emerging markets/infrastructure growth….
Investor Net Worth Evaporating Much Like 2000, 2007 and 2011
We apologize in advance for simply regurgitating a piece of SentimenTrader analysis. Sure enough, it’s a cop-out to do so and a highly unoriginal, non value-added exercise. That said, every once in awhile it’s worth passing along. On Friday they pointed…
AAPL Analog Update
On 1/26 we said the following about AAPL: “In concluding, I want us to be buyers of AAPL. I would consider a small position now (analog suggests a low in this area) and a much larger position if and when…...
Equity Analog Update
Figured I would simply dump and update all the various equity analog sets we’ve been using for the past 6-9 months in one post so that collectively, they could paint a broad picture of the macro landscape. 4th & 5th…...
Dow Going to 17K Before 2013 is Up?
Look at the analog below. The black line is the Dow, 2012-2013YTD. We refrain from revealing what the red line is and why it makes sense to compare it to the black one. However, do they get more compelling than…
JCP Remains a Dangerous Falling Knife
Huge decline in JCP today. However, lines (1) and (2), the stock’s most relevant long-term support zones, remain decently lower. Line (2) is a whole 35% lower! If line (2) gives, don’t be surprised to concurrently see increasing doubts surrounding…