More on the USD and Related Assets
Anybody find it ironic that the USD suggests the following… While the silver analog suggests this…? and the AMEX Gold Bugs Index is doing this…?...
Technicals Suggested RIMM Would be Down Big This Week
On 12/12 behind a password-protected post on RIMM, we said the following about the name as it approached $14 that week: “In fact, it faces five major resistance points…all at the same time and all of which run to ~$13.65-$14.00…
Spread Trade Opportunity in Home Furnishings
Long WSM / short BBBY. The ratio b/t the two below broke out to the upside recently and over the past few weeks (especially this week with BBY’s post-EPS decline) appears to have successfully old resistance line (1) as new…...
HLF Close to Support
Maybe Bill Ackman is right and HLF is a pyramid scheme. I honestly don’t know the answer to that one. I do know the stock, should it hit ~$34 on a weekly closing basis, will be at rather important long-term…
Gold Bugs Index Breaking 13 Year Support
The AMEX Gold Bugs Index is breaking 13 year monthly support line (1) in the chart below, dating back to 2000. We also provide an inset of the same chart on a weekly basis – it appears as if it’s…
Growth Stock Working on a Break-Out
The chart below shows SODA on a daily HLC basis and with an inset showing weekly closing values. Not a ton of trading history to this recent IPO in 2010, but both seem to suggest the stock is close to…...
Time to Buy This Euro Financial
Three charts below: 1) Euro – weekly: breaking out above trend-line resistance 2) Ratio – DJ Euro Financials Index vs. SPX – weekly: breaking out above trend-line resistance 3) NBG – weekly: sits atop important support line (1) and is…...
Updated Thoughts on Silver
It appears as if silver might break line (1) support in the chart below. If so, the post bubble analog suggests it could fall hard and fast. In this event, the most likely target would be ~$26-$28 at line (2A)…...
Political Winds About to Add New Tailwinds to our Favorite Defense Stock?
Our last post on TASR was on November 6th, right here. In that post when the stock stood at its current levels, we said the following: Given the technical set-up…we remain bullish the name but would look to preserve gains…...
SPX Break-out Appears Confirmed
Last week we had a post suggesting the SPX was breaking out in a big way on Wednesday the 12th. We noted at the time that the move higher would need to include the market holding there through the end…