This Mystery Asset Looks to Share Two Bubble Tops Strikingly Similar to Silver’s Bubble Tops in 1980 and 2011
I’m not going to reveal what the top chart is yet as the whole point of this analysis is to clear our mind of biases and facilitate fluid and objective thought outside of the box. The lower chart I…...
Defining Alpha: Euro Financials Have Outperformed U.S. Ones by 9% Since We Suggested the Possibility on 5/31
All the way back on 5/31 we highlighted the potential for European financials to begin outperforming their U.S. counterparts, with this chart justifying the rational in that post. In that post we commented as follows: Ostensibly, such out-performance (of Euro…
Broad European Indices Have Rallied ~15% Since June…Now What?
The chart below shows a very broad European index, the DJ Euro STOXX 600, on a weekly closing basis. The index tested line (2) support in June and since then has rallied nearly 15%. That rally has brought it to…
Playing Spain’s IBEX – Where Can One Attempt to Catch This Falling Knife for a Short-Term Bounce?
There is some important support in Spain’s IBEX that comes into play ~13%-15% lower at ~5,300-5,400. This support is formed by line (2) in the chart below as well as 75% Fib retracement support and various swing lows from the…...
More Analysis Around the Potential for a Greek Exit / Drachma Reintroduction
A short while back we ran some detailed analysis on historical currency devaluation episodes and suggested that should Greece exit the Euro and reintroduce the Drachma, the time to buy Greek equities on a nominal basis would be at the time of…...
Greek Equities Just Rallied 18%, Now What (How to Play a Euro Exit, if it Happens)?
Last week, Greek equities managed a single week, 18% rally off their lows from the previous week. NBG was even more impressive, up 50%. Who could have predicted such a massive rebound? Prices could have. As the chart below suggests,…...
Euro Financials about to Out-perform Near-Term, Positively Boost Global Sentiment?
The ratio chart below of the DJ Euro Financials vs. the XLF suggests the former could be reaching a support zone whereby they could out-perform the latter, at least in the very near-term. Ostensibly, such out-performance would likely be coupled…...