Nat Gas Going to $7 in Coming Months?

Our progression on Nat Gas has gone from incredulity in June even as it had just rallied ~40%, to bullish a few weeks ago. In June we noted that despite a ~40% rally off its decade-long lows, the commodity had…...

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Likely Time to Warm up to a Few Key Commercial Truck Players

Likely Time to Warm up to a Few Key Commercial Truck Players

Charts below plot NAV and SRI on a weekly basis. Both companies play in the commercial truck space – NAV a truck OEM and SRI a supplier to truck OEMs. As a junior analyst on the sell-side, I was responsible…

Biotechs Should Continue to Out-Perform Materially

On July 16th we noted pharma and biotechs were working on noteworthy, long-term technical break-outs. Regarding those groups, we said the following in that prior post: “The set-up in bio-tech is the most compelling given that the DJ Bio-tech index has already…

Spread Trade Opportunity in Smartphone Space

The chart below plots RIMM in the top panel and the ratio of RIMM vs. NOK in the bottom panel. The ratio has fallen to support line (1).  At the same time, RIMM is hanging by a thread at support…...

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These Apparel Retailers Face the Stiffest Long-Term Resistance

The chart package below includes a bunch of apparel retailers that face some decent resistance. If you’re looking for under-performers we’d prefer the names with the longest-term resistance at hand (i.e., FL faces all-time highs dating back to 1987) and/or…...

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Apparel Retailers Face Resistance as a Group

Apparel Retailers Face Resistance as a Group

The chart below plots the DJ Apparel Retailers Index. The index faces resistance line (1) which has marked cyclical highs for the group in 2000 and 2007. Until the index can take this resistance to the upside, we’d think this space…

Ratio of Gold vs. Silver Sitting on Support that Has Tended to Coincide with Silver Tops Historically

The two technical set-ups in this post could make for some firecrackers, er, fireworks, in the metals space in the near-term. In the chart below the ratio of gold vs. silver has fallen to the combo of support lines (1)…...

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Gold Faces its First Significant Test of Resistance Since Rallying 15% off its $1,525 Low

Gold Faces its First Significant Test of Resistance Since Rallying 15% off its $1,525 Low

Over the past few months gold has rallied ~15% off its lows of $1,525. That rally has taken it up to two important resistance areas in the chart below including lines (1) and 61.8% Fib resistance formed b/t the metal’s…

Crude Appears to be Fading Somewhat Aggressively at Resistance & In Context of Seemingly Bullish Headlines

Crude Appears to be Fading Somewhat Aggressively at Resistance & In Context of Seemingly Bullish Headlines

The chart below plots crude on a weekly basis. The commodity appears to be fading rather aggressively (i.e., -550 bps on the week so far) at the combination of resistance lines (1) and (2) drawn off its 2012 highs and…

Nasdaq Clearing 12-Year Resistance; Time to Pay Attention to Names/Themes That Worked in the Late 90s Again?

A little over a week ago on September 10th,  before Fed day last Thursday, we noted that it appeared the Nasdaq was finally clearing its 50% Fib retracement level off the 2000/2002 highs/lows, something it hadn’t been able to do for…...

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