Telco Equipment Industry Looks Very Bullish

Telco Equipment Industry Looks Very Bullish

Below I plot the S&P Telco Equipment Index back to 1980. Notice price has spent much of 2018 consolidating atop the key pivot congestion areas from 1997 (launched the parabolic run into 2000) and 2001 (launched the collapse into 2002…...

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Continue to Favor Telco Equipment & With It a New Long Idea in the Industry

Continue to Favor Telco Equipment & With It a New Long Idea in the Industry

Late last year on 12/23 we had a post that suggested the DJ Telco Equipment Index would be a source of relative out-performance vs. the SPX in 2015.  Our proxy for that call, the IGN ETF, has delivered +725 bps…...

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Telecom Equipment to be a Source of Relative Outperformance in 2015

Telecom Equipment to be a Source of Relative Outperformance in 2015

In the chart below I blot the ratio of the DJ Telecom Equipment Index vs. SPX.  B/t lines (1) and (2) the ratio has been caught within a softly declining, bullish descending wedge pattern that appears set to break out…...

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