Bottom Fishing in AAPL Remains Ill-Advised
We’ve been bearish on this name since early October when it stood at $658 all the way back to this post. We noted at the time that if support were to give way it would likely fall ~20%-35% lower to…
20 Year Support + 6% Dividend Yield = Random Long Opportunity of the Day
This post is a combo fundamental / technical opportunity. The stock floated through a deep value / LBO screen I use on Bloomberg. It happens to yield 6%+ and is approaching a ~20 year support line in the chart below,…
Airlines Have Greatly Out-Performed the SPX Since late May; More Upside to Come?
Our first post on the airlines and their potential for out-performance moving forward dates back to May 30 in this post. Since that time, when global risk assets in general were near their corrective summer lows, the S&P 500 Airlines…
USD Bottoming & Consolidation Process Complete?
Here is the last post we had on this topic. We update to include price action through this morning (USD @ ~80.43). Per the chart below, the USD sits atop line (1) support which has been in place since April…...
Euro Financials Have Beat the SPX by 30% Since Summer, Now What?
The chart below plots the ratio of the DJ Euro Financials Index vs. SPX This ratio has risen by ~30% since this summer after bottoming along line (3). For some background on why Euro-centric has out-performed U.S.-centric in recent months,…...
Trade Idea in Gold Miners
I think it’s time to be short this group. Referring back to this post from July 21, we noted the potential for a repeating pattern in the Arca Gold Miners index. In that post, we noted the index could bounce…...
Euro Approaching Resistance
In the chart below the Euro is very close to reaching resistance line (1) which has been in place since April/May 2011 as global risk assets first began topping out in front of the summer/fall mini-crash in the SPX. Using…
SSEC Finds itself at Another Important Support Zone as FXI Faces Resistance
All the way back on August 27th we noted the SSEC was in the process of breaking below long-term support dating back to 1994. At the time, we noted that while such a break was unlikely to be an incremental…
After Losing 98% of its Value, Is this Retailer Worth a Trade on the Long Side?
At just under $2.00, RSH finds itself down 98% from its all-time highs in the late 90s. We’ve talked a lot about old-line retail on this site and in emails, with these discussions largely centered around the likes of BBY,…...
Post Bubble Analog Suggests Housing Stocks Closer to Full Valuation than Nat Gas
In this post we highlight our post bubble analogs to see how close housing-related stocks and Nat Gas have come to lessening the valuation gap they’ve recently exhibited vs. where other bubbles have tended to trade some ~375-400 weeks after…...