Survey of the Set-up in Sugar
I’m buying sugar. I present the CoT report which shows commercial with its largest net long since 2008 and one of its largest net longs ever. The inverse is true for large specs. Small specs have their largest net short…...
Long-Term Meat Product Bull Market Over? Impact to Stocks & Industries?
The first half of this post’s title is not a joke. In the charts below live and feeder cattle have been battling quarter-century, long-term channel resistance over the past two years, having, along with the rest of the commodity group,…...
All Over for Housing Re-Inflation?
Both lumber and LEN face significant long-term channel resistance in the charts below. Is the Bernanke-inspired housing re-inflation run over for home-builders and housing in general?
Is Gold Playing Catch up to the Yen and is its Fair Value $1,200?
Here’s the original post on this subject matter. We noted that since the early 2000s the gold had tended to lead the Yen. Deviations resulted in the Yen rallying or selling hard to catch up with gold. We also alluded…...
This Stock Sits on Decade Long Support and Analysts Don’t Like It
What stock is this? The last time it hit the support line in the chart below rallies of 3.5x and 2.3x quickly ensued. We find the set-up similar to the one in HHS which we originally posted about here and…
This Industry is Down 50% on a Relative Basis Since 2010; Can the Trend Reverse?
The first chart is the ratio of the DJ Brewer Index vs. SPX. Look at the confluence of support lines that are currently meeting and the fact that the consolidation pattern they help to create around the ratio has tightened…...
As Outlined in September, $1,000 Remains a High Probability Upside Target for GOOG
On September 12th we had a post titled “GOOG’s Day in the Sun is Likely Arriving with $1,000 in the Cards”. In that post we noted GOOG was in the process of breaking out from a bullish ascending triangle pattern…
Potential for Pound to Fall 20% Against the USD?
The Pound has traded in a very well defined and behaved downward sloping channel against the USD for nearly a quarter century b/t lines (1) and (2) below. The only time this was not the case was during the global…
Could 20 Years of Relative Under-Performance in This Industry Be on the Cusp of Sustainably Reversing?
Ratio of the DJ Food Retail & Wholesaler Index vs. SPX is plotted below on the far left. It’s done nothing but travel from upper left to lower right of the chart for 20 years. In other words, stocks in…...
Mega-Cap Gold Miner Bellwether ABX Sitting at Critical Support
If support line (1) can’t hold, the next stop is 35% lower at line (2) support. Big crossroads for not only this stock, but the group. If the industry bellwether can’t hold here, the weaker ones won’t either. On the…