Bitcoin (Echoes of Precious Metals in 1978?)

Bitcoin (Echoes of Precious Metals in 1978?)

As noted earlier when it was printing 1125, Bitcoin (XBT), now at 1175, has been in the process this week of breaking its former all-time weekly closing high of 1137 in Nov-13.   The move completes a consolidation process off that…...

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SPX Constituent Chart Dump

SPX Constituent Chart Dump

Let’s take a look at a collection of interesting-looking SPX constituent charts.  All are focused on the bullish side of the fence.  Companies are presented in chronological order by name.  I went through all 500 companies in the index to…...

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Thailand Attempting to Clear Nearly a Quarter-Century of Overhead Resistance

Thailand Attempting to Clear Nearly a Quarter-Century of Overhead Resistance

Below you’ll find Thailand’s SET Index attempting to clear nearly a quarter-century of over-head resistance this month, dating all the way back to Dec-93. The break-out above, assuming it holds through the remainder of the month, should dove-tail nicely with…...

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Semis: Still More Room to Run

Semis: Still More Room to Run

On 7/11/16 we outlined the case for a material and sustained upside move in semis, both on an absolute and relative basis vs. the broader market. We followed up that initial post with an update to the thesis on 8/10/16,…...

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What More Would You Need?

What More Would You Need?

What more would it take on the chart below for you to believe the belief that the risk/reward on CMG was skewed in your favor over the l-t? Good, l-t business that will presumably not only be around in 10,…...

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European Equities Can Continue to Run, Out-Perform

European Equities Can Continue to Run, Out-Perform

In the chart below I plot the Stoxx600 over time. As of now the YoY has surged to ~+7% after spending the entirety of the past year in negative territory. If you follow the horizontal red line back through history…...

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See What Sticks

See What Sticks

I’m going to throw a lot of charts at this post and let’s see if we can find out what seems most likely to stick thematically, if anything at all, when we’re done. How about EM to start.  When discussed…...

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Closing the Loop on Japan & China

Closing the Loop on Japan & China

In the past few days I’ve detailed important inflection points in both Japan & China, at least as I perceived them. The only thing I didn’t do was throw up a ratio chart b/t the two region’s equity markets –…...

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Searching for the EM/Commodity Turn

Searching for the EM/Commodity Turn

Below I plot the ratio of the PCAC Index (Producer Price Index – All Commodities) vs. the USD Index (DXY) over time along with a ~43-year support line dating back to 1973. While not at support, the ratio is very…...

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Sina Review (Out-sized Moves Nearing in USDCNY & SHCOMP)

Sina Review (Out-sized Moves Nearing in USDCNY & SHCOMP)

China’s equity market has been dead for the past year and it’s 9 mo hi/lo range now < 12%, about tied for lowest on record with similar prints in Mar-01 and Jul-14. Both of the above dates preceded robust expansions…...

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