Are YHOO’s Weaknesses Now Its Strengths?
We’ve mentioned YHOO bullishly on the site two times in recent months. Here, we noted YHOO was likely to grow closer with AAPL over time given the combination of the latter’s disdain for GOOG and flop in Maps on its…
How Far Might AAPL Fall from its Once Mighty Tree?
We’ve been bearish on this name for some time now and noted the following in our last post about it on October 6 when it stood at $658: “…we view the technical set-up in the stock as being as precarious…
Despair in Semi Space Creating Short-Term Opportunities
Have noted the potential upside in an AMD / INTC pair trade in the past right here. Initial thought was to put a 10% stop on that trade, long AMD and short INTC. Nearly immediately after putting it on we…...
Correlation vs. Causation – Why Has This Industry’s Relative Strength Been So Dependent on the USD Since 2000?
The chart below plots the ratio of the the S&P500 Food Retail Index vs. the SPX since 2000 in black. In green, it also plots the path of the USD over the same period. Why are these two items so…...
Some Key Risk-On Assets Reaching Support?
SPX, AAPL and Euro all approaching some type of relevant support. I find the combination of all of these approaching support levels interesting in the context of our analog work which suggests we should expect a near-term bottom in equities…...
Updating Our Downside Targets
Our assumed downside target of ~1,360-1,370 is quickly approaching per line (1) support and analog support against the 1988-1989 4th/5th consecutive annual gain moves. We would begin to slowly raise net long positions in equity indices as this level approaches…...
Defense Out-Performance Thesis Yielding More Fruit Post-Election
Like TASR, SWHC was one of the names highlighted in our original defense industry out-performance thesis. We didn’t single it out as a focus name like TASR as it had already had a monster run and was approaching long-term resistance…...
Long CREE / Short PANL Spread Trade Now Up 45% in Two Months; Any Juice Left in the Squeeze?
Updating this trade given yesterday and today’s big decline in PANL post EPS. The technical set-up we highlighted on 9/27 appears to be playing out as hoped for. Though the ratio is now reaching an area of support confluence in…...
Opportunities in the Building Products & Construction Materials Space
Chart below plots the S&P Building Products Index. Remarkably, off its lows last October, the index is up ~145%. Now the index is approaching resistance line (1) dating back to 2007. It’s also approaching resistance region (A) which dates back…...
Bio-Techs Approaching Near-Term Support
We’ve been bullish on this group for as long as we can remember going back a full four months to this post. We’ve talked recently about the possibility for the group to remain a sustainable out-performer here. As of late…