How Does Copper Not Fall Significantly from Current Levels?
Here are some looks at copper below. The pattern this thing has put in place since it peaked in ~2011 is one big, nasty descending triangle b/t lines (1) and (2). I consider those to probably be the most reliably…...
Nikkei Technicals
Going back to spring/summer 2012, we’d like to think we were arguably among the first anywhere to begin highlighting the likelihood of the Nikkei launching a major new bull market. In fact, on August 13, 2012 when the Nikkei stood…...
More Gold Miner Downside to Come
In the chart below the Gold Miners Index is breaking 12 year support line (1) on a monthly basis. Assuming that break down holds through the last few days of the month, this suggests there is a high probability of…...
More on the Nikkei Retest
My last two posts have highlighted the Nikkei’s need to test old resistance, or the initial swing highs from May 2013, as new support. I did a post here outlining what that would likely look like working off how the…...
Nikkei Granularity & Short-Termism
Don’t want to get too cute here because the last thing I want to do is to get excessively myopic about a few % correction from recent highs given the potential upside move to ~35k-45K I’ve been pontificating about for…...
Nikkei Needs to Successfully Test Old Resistance as New Support
On a shorter-term basis I believe the Nikkei needs to successfully test its recent break-out as new support. For me, that break-out is less about the 16K level, or long-term trend resistance dating back to 1990, and more about the…...
Key Ratio Involving Nikkei Appears to be Breaking Down
But, if it happens, it will have positive ramifications for the Nikkei. In the chart below the ratio of the DJ Global Index, or basically the world’s stock market index, is plotted vs. the Nikkei since the early 90s. That ratio…...
Nikkei Update
On the left chart below we find resistance line (1), or our “thin red line“, on the cusp of potentially giving way to more Nikkei upside. This technical barrier remains of the highest import to the future outcome of the…...
Break-out of Small Cap Tech Security Player
VDSI is breaking out from an ascending triangle pattern b/t lines (1) and (2) in the lines below. The height of the pattern is ~$15 implying the potential measured move higher, or price target, is ~$30 given the break-out occurred…...
Adding to Profitable C-Store Position
On May 28 we suggested buying PTRY when it stood at ~$16 based on its technical and potential fundamental set-up. Since then it is +25% to nearly ~$20. The SPX is +1.4% over the same period. In our original post we…...