USD at a 2 Year High…What now for the Currency & Global Risk Assets?

On July 13 we asked if the USD was about to begin running into trouble given that it was about to register a two-year closing price high. We asked this question because somewhat counter-intuitively, when the USD has been printing…...

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SPX’s Trend Not Yet Congruent with a Bear Market

The SPX’s 12 month moving average (MA) continues to exhibit a somewhat positive bias and slope as the green arrow in the chart below suggests. This is in contrast to the position of the same MA as the beginning of…...

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Next Stop for Gold Either $3,000 or $1,100

Gold’s technical set-up is very interesting. The metal, given its technical posture, is likely in front of an imminently¬†big move either higher or lower (that’s not much help, eh?). What follows hopefully clarifies how to know when the metal’s next…...

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Time to Pay Attention to the Swiss Franc? Sniffing out More Global CB Intervention? About to Cause a Precious Metals Rally?

First chart is the Swiss Franc alone. Note that it’s approaching long-term support line (1) in the 0.98-0.99 area.¬† Also note that this is 50% Fib retracement support. Also note that it is along line (1) where, for whatever reason,…...

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Updating the AAPL vs. Silver Analog & Interesting Technical Set-Ups in AAPL Pre-EPS Tonight

Prefacing this post with the caveat that this is NOT a long or short call on AAPL into EPS tonight. This said, wanted to update the AAPL vs. Silver analog we had pointed out before and that the technical set-up…...

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Playing Spain’s IBEX – Where Can One Attempt to Catch This Falling Knife for a Short-Term Bounce?

There is some important support in Spain’s IBEX that comes into play ~13%-15% lower at ~5,300-5,400. This support is formed by line (2) in the chart below as well as 75% Fib retracement support and various swing lows from the…...

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Though in the Coffee Biz, SBUX Finds itself in a Technical Pickle

Though the site is largely dedicated toward the macro, we do like to highlight individual stocks as well, so long as they have a compelling “story” and some type of interesting risk/reward set-up is in play. This brings us to…...

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Repeating Pattern in the Arca Gold Miners Index at Hand

The Arca Gold Miners index appears to be completing a repeating pattern whereby the index tops out in a rounded reversal into a decent decline and then finds horizontal trend-line support. At such support the index has historically bounced materially…...

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Getting Granular – RSI on SPY 60 Min Chart Once Again Elevated

The RSI on the SPY 60 min chart is once again reaching quite elevated levels. Over the past year, even as the market was working on or within a sustained up-trend, it has paid to wait for better entry prices…...

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Repeating Fundamental & Technical Patterns in India/Bombay Sensex Suggesting a New Up Leg in EM Secular Growth Phase?

Coming into 2012 we figured the year would be up or down big given we had just finished a third straight up year in what was ostensibly a secular bear market, which had happened only one other time in 100…...

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