Did Technicals Offer One Edge Heading into CMG’s Recent EPS?

The chart that follows shows how similar the patterns in CMG and SBUX have been of late. If the patterns hold, SBUX could decline post EPS tonight like CMG did last week, touching its 38.2% Fib retracement support in the low…...

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USD at a 2 Year High…What now for the Currency & Global Risk Assets?

On July 13 we asked if the USD was about to begin running into trouble given that it was about to register a two-year closing price high. We asked this question because somewhat counter-intuitively, when the USD has been printing…...

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SPX’s Trend Not Yet Congruent with a Bear Market

The SPX’s 12 month moving average (MA) continues to exhibit a somewhat positive bias and slope as the green arrow in the chart below suggests. This is in contrast to the position of the same MA as the beginning of…...

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Next Stop for Gold Either $3,000 or $1,100

Gold’s technical set-up is very interesting. The metal, given its technical posture, is likely in front of an imminently big move either higher or lower (that’s not much help, eh?). What follows hopefully clarifies how to know when the metal’s next…...

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Updating the AAPL vs. Silver Analog & Interesting Technical Set-Ups in AAPL Pre-EPS Tonight

Prefacing this post with the caveat that this is NOT a long or short call on AAPL into EPS tonight. This said, wanted to update the AAPL vs. Silver analog we had pointed out before and that the technical set-up…...

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Repeating Pattern in the Arca Gold Miners Index at Hand

The Arca Gold Miners index appears to be completing a repeating pattern whereby the index tops out in a rounded reversal into a decent decline and then finds horizontal trend-line support. At such support the index has historically bounced materially…...

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Where’s the SPX Currently Sit in Relation to History’s Average Secular Bear Market, ~145 Months after The Peak in 2000?

This chart has always been quite compelling given the close proximity to which the current secular bear market (black line) has tracked against the average secular bear market through history (red line). The values plotted are inflation-adjusted relative to prior…...

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Current Conditions in AAII Sentiment Survey Have Been Fulfilled only Eight Other Times Since 1987

Always struggle to find much value in the AAII Sentiment Survey data and commentary. That said, the conditions in this week’s survey data have been fulfilled only eight other times in history. Here are the conditions being filtered upon –…...

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Since Credit “Leads”, What’s the Macro Message Coming From Riskier Areas of the Credit Universe?

If credit leads and equity confirms, the message riskier areas of the credit universe are currently sending is far different from the one they were sending through much of 2007 and early 2008 as they deteriorated significantly in front of equity…...

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SPX Breaking Out? Going to Target New All-Time Highs?

Any repeating patterns this summer vs. last fall when the SPX broke out of a choppy consolidation zone following the August mini-crash? Also, any similarities between the rally off the 1987 crash lows and the rally off last August’s mini-crash…...

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