Russell 2000 Faces Resistance on a Relative Basis & Could Under-Perform for Years
Dating back to June of this year we have been suggesting that the potential for a longer-term reversal in the USD could lead to small-caps sustainably under-performing the broader market. We continue to believe this today. Even if the USD…
More on the USD and Related Assets
Anybody find it ironic that the USD suggests the following… While the silver analog suggests this…? and the AMEX Gold Bugs Index is doing this…?...
Time to Buy This Euro Financial
Three charts below: 1) Euro – weekly: breaking out above trend-line resistance 2) Ratio – DJ Euro Financials Index vs. SPX – weekly: breaking out above trend-line resistance 3) NBG – weekly: sits atop important support line (1) and is…...
USD Bottoming & Consolidation Process Complete?
Here is the last post we had on this topic. We update to include price action through this morning (USD @ ~80.43). Per the chart below, the USD sits atop line (1) support which has been in place since April…...
Euro Approaching Resistance
In the chart below the Euro is very close to reaching resistance line (1) which has been in place since April/May 2011 as global risk assets first began topping out in front of the summer/fall mini-crash in the SPX. Using…
Some Key Risk-On Assets Reaching Support?
SPX, AAPL and Euro all approaching some type of relevant support. I find the combination of all of these approaching support levels interesting in the context of our analog work which suggests we should expect a near-term bottom in equities…...
More Thoughts & Analysis on the Nikkei & Yen
Here are some background posts on how our thoughts have progressed on the Yen and Nikkei here, here, and as of last week, here. With these posts in mind, we present the Yen and ratio of the DJ Global Index…...
While the USD Could Face Additional Near-Term Downside, the Potential for a Large Rally May be Growing
Broadly speaking, we’ve been bearish and/or neutral on the USD for the past few months. That said, we’ve also tried to stress the idea that it was likely in the process of putting a durable, long-term bottom in and that…
Ratio of Gold vs. Silver Sitting on Support that Has Tended to Coincide with Silver Tops Historically
The two technical set-ups in this post could make for some firecrackers, er, fireworks, in the metals space in the near-term. In the chart below the ratio of gold vs. silver has fallen to the combo of support lines (1)…...