Thoughts on the Two-Year Consolidation in Precious Metals
Remember our alternate way of thinking about silver we presented a few weeks back? That post is right here. In it, we suggested the potential for additional upside in the metal and that the highs from April 2011 were not…...
27-Year Resistance at Hand for this Stock
So, how will 27-year resistance line (1) impact the stock below? Historically, it’s not treated the name very well. What stock is it? What industry? Looks like a good short in what is otherwise a runaway bull market.
Solid Chance These Names Lose Half Their Value over the Coming Year?
The technical set-up in the charts below look very appealing from a short standpoint – both companies face long-term channel and/or falling resistance lines. Statistically, correlations suggest there’s a ~80% chance these names trade down over the coming year with…
HD to Mr. Bernanke: “Thank You Kind Sir”
Thanks to the re-ignition of animal spirits in the housing sector, stocks related to that area, such as HD, as well as various other building materials names, have benefited magnificently. HD is challenging its all-time highs right now in the chart below. Its P/E…
Updated Thoughts on Coffee
As a refresher, here’s some background on our evolving coffee thesis, as well as right here. Though the set-up has been somewhat technically appealing at times, we’ve correctly remained on the sidelines/bearish and have watched the product’s price decline ~20%…...
Copper to $2?
In the chart below copper appears to be breaking down from a multi-year flag pattern formed by lines (1) and (2) this week. Line (2) represents the top end of what appears to be a historical channel, with line (3)…
Time to Get Short-Term Bearish on the Nikkei?
Color me ridiculous for putting up a post like this (it’s basically the inverse equivalent of a bullish post on a stock that’s down 90% and headed for BK that’s shown no abatement in downside), but whatever. The set-up in…...
Industry About to Deliver a Dose of Pain or Gain?
Ratio of the DJ Drug Retailer Index vs. SPX below. Continue to believe this ascending triangle pattern is of the bullish variety (typically is) and that this group is about to break-out and sustainably out-perform the market. Individually, here are…...
What to Do with Cotton?
Had this post on cotton back in July which I thought was a quality piece of work. Bought a little back then, but not much as we planned on getting it bigger at 60, which was a price it failed…...
Is it Too Late to Short the Yen?
Not in my mind. My earlier post today on the Nikkei/Yen showed that their current respective 26 week RoC is as positive/negative (most upper-left) as it’s ever been. As I pointed out, the only time in history where the scatter-plot…...