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 –…...
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…...
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…...
Nikkei & Yen Approaching Inflection Points
Below the ratio of the Yen vs. Nikkei is plotted in the top pane and the Nikkei alone in the bottom pane. In the top pane the ratio b/t the Yen and Nikkei has collapsed back down to support line…...
Europe/US Relative Strength at 30-Year Channel Support
As broken as the EU is, the ratio of the STOXX 600 vs. SPX now sits at 30-year channel support (panel 1), with the last six months of under-performance ostensibly driven by crack-up fears (BREXIT, Italy, etc.). Also note that…...
An Ugly Chart
TSLA is presented on a weekly basis below. This chart is quite ugly looking, in my view. It appears as if it’s poised for an imminent break-down from multi-year support as part of completing a large rounding top pattern. If…...
Expedited Upside?
Subsequent to our semi-out-performance long thesis outlined earlier this year – which has worked spectacularly I might add – there has been a dearth of appealing-looking industry related charts when considering them on a relative ratio basis vs. the SPX. …...
Energy Commodities: The Juice Is Likely Worth the Squeeze
Per some emails at the end of Sep that highlighted the increased potential for such a move, crude has decisively broken above multi-year resistance recently. If you believe the WH/Fed/Russia feed-back loop theory – as I do – it’s not…...
Out with the Old, In with the New
In the chart below BBRY appears to be breaking out from a very favorable-looking consolidation pattern as of this week. I’ve highlighted this name in emails recently as having an increasingly bully appearance. In addition, the favorable technical break-out is…...
Multi-Month Gold Consolidation Likely Concluding
We last updated our thoughts on gold in this post last month. Using analogs in that post we suggested there were ~20 trading days or ~one month until it would reach a nadir, thus concluding a multi-month consolidation that began in…...