Samesies
I quote Michael Cera in Superbad in this post’s subject line because the charts below are the same pattern. One is ARRS and the other is TIVO. Both are bullish ascending triangles and both share the same date axis and…...
Semi Thesis Bears Fruit
We have been extolling the virtues of the coming wave of potential semiconductor out-performance since July of last year. We were probably a touch early with that call as the relative performance of the group fell ~170 bps from the…...
Key Breakdowns
I’ve got two simple technical charts below. One is the SSEC and the other copper, both on a weekly basis. The SSEC is on the cusp of breaking down from major long-term patterns including the flag formed b/t lines (1a)…...
PM/FX Crossroads
Fairly simple chart today with fairly straightforward conclusions. Below you’ll find that gold and the USD are at critical crossroads with the former/latter facing two-year resistance/support. The USDs chart is particularly intriguing to the extent that the support line in…...
How Much Upside/Downside in This Commodity?
Be a buyer of palladium. If you don’t trade futures, that’s the PALL ETF, which has decent liquidity. Your initial upside target for the metal is ~50%, to $1,150 from the current ~$770. The logic for being bullish this metal…...
Chart Dump
Below you’ll find a bevy of attractive technical patterns, nearly all of which hail from the E&P space. There’s one short and that’s PERY – it has a red highlight....
Predictable
Such were the materially large moves in Ukraine’s equity and FX markets over the past ~10 trading days, per the transparent technical patterns in the chart below, which portended that both were on the verge of transpiring. Of course, the…
Favored Single Stock Update
TIVO continues to look excellent in my opinion. It’s ever so close to breaking out if it can manage to get above line (1) in the chart below, which it has attacked with increasing frequency over the past year. Second,…...
Semi Update
Wanted to provide a quick blurb on the semi space and note that it appears as if our recent bull case on the group is just now beginning to bear fruit. As it stands, YTD the SOX is now up…...
261.8%, 423.6% and 35%
261.8% – the Fib expansion level formed off the DJ Biotech Index’s 2000/2002 high and low, respectively, that the index ascended past in late November at ~1,350-1,400. 423.6% – the Fib expansion level formed off the DJ Biotech Index’s 2000/2002…...