Why Has the Nikkei Out-Performed the SPX So Much Recently?
Our view is that the Nikkei has out-performed so much since later 2012 because of a technical set-up that was in place in the chart below. In that set-up the ratio of the SPX vs. Nikkei hit material long-term resistance…
Nasdaq is at a 12 Year High, What’s it Mean in the Context of History?
Last week the Nasdaq closed at 3,194. This marked a 12 year high. The index hadn’t notched a 12 year high in 674 weeks, or nearly 13 years. What’s that mean in the context of history? Well, because the Nasdaq…...
Another Industry Set to Out-Perform the Broader Market?
Another relative performance-based post. The chart below highlights the ratio of the DJ Leisure Goods Index vs SPX and its attempt to break out from a decade-plus descending triangle pattern. Though such patterns are typically bearish, I’m inclined to believe…...
Might This Stock Double or Triple in as Little as 6 Months?
CUB is sitting on channel support line (1). Also caught in a flag pattern formed by that line and the blue line. Last two times it’s been at channel support and has formed a flag pattern (A and B) and…...
Investors Are Loading Up on Stocks Again…Run for the Hills
Per SentimenTrader, the three month flow into mutual funds and ETFs is at an all-time high in the chart below. Time to run for the hills and ring the crash sirens again!
Video Game Industry’s Golden Years Long Gone
Chart below plots the ratio of the DJ Toys Index vs. SPX. Note that it sits toward the bottom of long-term channel support, which is supportive of the group out-performing moving forward, so long as that support remains in place…....
This Stock is Working on a Break-Out of 15 Year Resistance
RAD is presented on a weekly basis below. The stock is pressing 15 year resistance line (1) right now as well as its 23.6% Fib resistance formed off its 2007 highs and 2009 lows. I would emphasize that line (1)…...
Taking a Look at the Healthcare Industry
The chart below highlights the ratio of the DJ US Healthcare Providers Index vs. SPX. The ratio is caught in a long-term ascending triangle pattern b/t lines (1) and (2). Typically such patterns are bullish and result in strong break-outs…....
SODA Up Nearly 20% In Less than Two Months
On December 20th in a password protected post we noted that SODA was working on a break-out from a bullish ascending triangle pattern. That post is now unlocked and can be viewed here. Regardless, in the original post we noted…
Long Gone from the Headlines, Be Prepared for This Country to Heat up Again
The chart below shows the Greece General Share Index. Note the well-behaved downward-sloping channel that it’s traded in since 2006. Large sell-offs occur at the top of the channel and large rallies at the bottom. The global equity bottom in…...