Chart Dump of 15 Long Opportunities
In-line with previous posts of chart dumps, we present another set of long opportunities below. Each of these names are compelling in the context of their chart patterns with most attempting break-outs of long-term patterns/resistance points. I tend to favor…...
13-Year Support Could Help Propel This Stock to Material Upside
AMED is presented below. The stock sits at 13-year support at line (2) which forms the low end of a long-term channel defined by it and line (1). At the same time it sits b/t a flag/consolidation pattern formed by…...
Relics of the Past, More Downside for These Companies
SHLD & JCP are presented below. Both sit atop long-term support lines (1a) and (1b). These lines are the only things standing b/t current prices and materially more downside. As it stands, I believe both support lines will break and…...
As Suggested in May, Risk-Free Rates Have Risen Materially
We have absolutely nailed the US treasury/rate trade (and its implications to other asset classes) and have no shame in stating as much. We were prescient enough in October of last year to suggest that if one were bearish US…...
Bullish, Inverse H&S Set-Up in this Stock
I sent this set-up to you in an email this week and merely want to “officially” post to the site for posterity. PBI has recently formed a bullish, inverse H&S pattern over the past ~two years. With its announced $400…...
Reflecting Back on Last August’s Chart Dump of 16 Long Opportunities a Year Later
On August 9th of last year, or nearly a year ago, we had a post detailing favorable/bullish looking technical set-ups for 16 different companies. This is what we said in the post about the opportunities: “…for those looking for long…
Time for Euro Financials to Surprise, but in Which Direction?
In later April we suggested over-weighting this group in general and pointed to RBS specifically. Since that time the Dow Jones Euro Financial Index is up ~800 bps vs. a ~700 bps increase in the SPX. Not tremendous. However, RBS…...
China Update
Last night Chinese Premier Li Keqiang made some comments re: future GDP growth, suggesting the country will seek to maintain a level of at least 7%. This was one of the more unequivocal and clear statements anybody in a position of…...
“Those Five-Year Highs…You Will Never, Ever In Your Life See Those Highs Again”
So said Jeff Macke in this piece on Yahoo Finance from Friday re: MSFT and its disappointing earnings results, which sent the stock down ~10% that day to ~$31. But, in looking at the long-term MSFT chart, does last Friday’s…...
Additional Chinese Stock Break-Out
In the chart below YOKU is plotted on a daily basis. It has formed a fairly nice base over the past two years in the $15-$20 area. In that time it has also formed a flag/pennant pattern b/t lines (1)…...