This Group Finds Itself Back at Relative Support
In summer 2012 we over-weighted coal stocks given the ratio of the DJ Coal Index vs. SPX stood at the combo of support lines (1) and (2) below. The group ran incredibly well into the November elections, out performing by…...
Put this Stock on Your Radar as the Next Move is Apt to be a Big One
MNST has traded in an upward sloping channel formed by lines (1) and (2) since 2005 in the chart below. Both lines have produced large moves in each respective direction. At the blue inset, it failed at line (1) resistance…...
This Stock Sure Does Look a Lot Like AAPL…right before it Fell 30%
We’re on bubble alert. In the chart below we plot AAPL on a non-log basis over the long-term to highlight its parabolic ramp higher at (A), which began in 2012, presumably what was its “end game” move higher into an…
Turkey’s Bellwether Stock Index Faces Resistance that Has Led to Recent Cyclical Bear Markets
Turkey’s ISE National-100 has had an amazing run, up 65% in a single year. More remarkable is the 42x (yes, 42x) return on the index since the first global risk/banking contagion of 1998 during LTCM’s blow-up. That said, the index…
Down 90%, Will This Stock’s Fortunes Improve Soon?
Anybody know what stock is in the chart below? Needless to say, down ~90% from its all-time high a few years ago, things haven’t been pretty. In fact, one could have tried to pick this name up on intermediate-term support…
Is This Line Relevant to the Nikkei?
Is line (1) in the chart below relevant to the Nikkei per history? If so, what happens with a sustained break above it, if anything?
Central Banks Have Done an Excellent Job of Back-Stopping Global Risk Appetite
The chart below plots the average path that U.S. secular bear markets (1901-1921; 1929-1942; 1966-1982) have taken through history and compares it to the path the current (presumed) secular bear of 2000-2012. The path of the current had plotted nearly…
Nikkei Tacks on Another ~3% Tonight To its Already Incredible Run; Where’s the Next Relevant Resistance?
The Nikkei’s run has been incredible over the past few months. In early June 2012 at the global equity bottom, futures were trading at ~8,225 vs. the current 10,880. That’s a 30% gain in six months. In the chart below…...
Contrarian Short Opportunity in Consumer Tech?
V and MA presented in the chart below. Both are reaching/close to formidable long-term resistance lines. As this resistance approaches, a timely contrarian cover story in Barron’s this past week espousing the need to buy both names. The long-term thesis…...
After a 50% Rally in the DAX Barron’s Wants us to ‘Buy Europe’; How Timely is that Call?
Throughout 2012, every time we saw a 5%-10% correction, we heard the “CRASH!” sirens going off. As we pointed out here during the last such correction into November, the crash had already happened, but it was in 2011 when nobody…