24-Year Support at Hand for This Ratio
The ratio of the Yen vs. Nikkei is at 24-year support line (1) below. Additionally, line (2) support is at hand. I would note that line (1) was not hit in May when the Nikkei peaked at 16K. Line (1)…...
For this Relic of the Past…Upside?
Dating back to February, when JCP stood at $20, we suggested it was a dangerous falling knife with plenty more downside to go. Nearly four months ago on 8/1 I then criticized both JCP and SHLD as being relics of retail’s glory…...
Lower-Risk/Higher-Reward Spread Trade Idea Useful for Those Looking to Deploy Excess Cash Balances
In the following chart we show the ratio of the Nikkei vs. gold. Into its 2012/2013 low of ~5, this ratio had fallen ~90% from its 2000-era high of ~70. However, upon hitting 12.38 last week, note the ratio has…...
Though Down 30% in a Year, More Declines Likely in This Ratio
Since our 11/14 post highlighting the likelihood that the Nikkei would not experience another short-term, 20% decline and would instead begin to rally sustainably again into our long standing 45K-50K target, the index has rallied 450 bps. By comparison, the…...
Gold & Related Miners…Will the Bloodletting Ever Cease?
We’ve spent a significant amount of time on silver over the past year on this site, largely at the expense of gold. We harbor no bias against gold, we’ve simply not seen any noteworthy set-ups from which to develop a…...
Revisiting an Old Long Opportunity
On 2/20/13 we had a post on MWW. It was one that was available to the public so we removed the name/price info of the stock in question in that post and revealed it only via email. At the time…...
+65% in Five Weeks
Five weeks ago, on 10/8, we highlighted SYUT when it traded @ ~$5.75. We used the post to note the stock’s favorable fundamental and technical back-drops. Since then SYUT shares have ripped ~65% higher to ~$9.55. And to fathom, in…...
Fundamental Back Drop At All-Time Lows + Favorable Technical Set-up
Back on 8/1 we suggested mobile home manufacturers like SKY would begin working. That thesis was based on the following: SKY’s absolute performance (material decline) and relative performance vs. the SPX (material decline) mirrored the trading path of the decline…...
Onward & Upward for the Nikkei?
As of this morning the U.S.-traded Nikkei futures contract is breaking out from an ascending triangle pattern. This can be seen in the chart on the right. Such patterns tend to be bullish. And, while we suggested the potential for…...
Historical Parallels of Current Cycle Beginning to Narrow
If there’s one unrelenting cycle paradigm we’ve used to think about the market for the past year it’s been the 4th/5th consecutive annual gain analog. The relevance of that historical paradigm for today’s cycle is the fact that 2012/2013 also…...