DRYS & Why I’d Rather Be a Knuckle-Dragger…
On June 27th we had a post that noted the Baltic Dry Index (BDI) was about to break out from a bullish looking technical pattern. Since then, the BDI is up 75%. Not bad. We also suggested that because shipping…...
Our Single Favorite Long Idea Could Be on the Cusp of a Major, Transformative Move
As I have belabored over and over – TIVO is my single favorite long idea. In the chart below I have inverted its price. We’ve looked at this one so many times now it pays to trick our brain by…...
13 Year, TSLA-Looking Ascending Triangle Pattern about to End for This Company
We have been extolling the many virtues of TIVO’s chart since February of this year when we noted in a post that we found it: “…incredibly compelling…” Since that time the stock has done very little. Moreover, we haven’t posted…...
Up Nearly 70% in a Year, The DJ Biotech Index is Approaching our 1,400 Target; Now What?
These guys are nearing the end of their cyclical runs. In July of last year we noted the group was working on a break-out. In that post we suggested the group was highly compelling. We went on to update the…...
13-Year Support Could Help Propel This Stock to Material Upside
AMED is presented below. The stock sits at 13-year support at line (2) which forms the low end of a long-term channel defined by it and line (1). At the same time it sits b/t a flag/consolidation pattern formed by…...
Relics of the Past, More Downside for These Companies
SHLD & JCP are presented below. Both sit atop long-term support lines (1a) and (1b). These lines are the only things standing b/t current prices and materially more downside. As it stands, I believe both support lines will break and…...
Trailer Park Trash Could Become “Bourgie”
Resigned to the junk bin for 30 years, trailer park trash – manufactured housing – has the potential to become “bourgie”. Talk about places nobody wants to invest! And for good reason; this industry and these stocks have been perpetual…...
Time for Euro Financials to Surprise, but in Which Direction?
In later April we suggested over-weighting this group in general and pointed to RBS specifically. Since that time the Dow Jones Euro Financial Index is up ~800 bps vs. a ~700 bps increase in the SPX. Not tremendous. However, RBS…...
“Those Five-Year Highs…You Will Never, Ever In Your Life See Those Highs Again”
So said Jeff Macke in this piece on Yahoo Finance from Friday re: MSFT and its disappointing earnings results, which sent the stock down ~10% that day to ~$31. But, in looking at the long-term MSFT chart, does last Friday’s…...
Chinese Stock Break-Out
Big bust out of DATE below. So long as it’s not a head-fake, could portend a very big move higher. Also could be indicative of our broader thesis re: China being a bull. Lastly, would imagine that thematically, if there…...