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…...
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…...
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…...
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…...
This Former Retailing Heavyweight Headed for More Trouble?
Part 3 in the ongoing “Power of Technicals” series is BBY. Another higher probability set-up with large profit opportunities in compressed time and clear risk control parameters. Fundamentally speaking, is BBY really any different from Circuit City of days past or RIMM…...
Charting RIMM’s Recent 50% Drop / The Power of Technicals (Part 2)
Starting now, we’re going to begin a series that shows recurring technical set-ups that offer material profit opportunities in compressed periods of time. In other words, great reward/risk trades. We’ll present these opportunities to folks subscribing to the premium / password-protected content…
Is this Major Pharma Company About to Quickly Lose 30% of its Value ?
On June 25 we highlighted RGR and noted that despite a great fundamental backdrop for the company and its industry, the stock had just managed to lose ~40% of its value in a little over a month. The trade set-up…...
Ratio of Copper vs. Gold Suggesting Anything about Global Risks, Future Path of Equities?
We’ve spent a lot of time recently pointing out how many different price-based indicators are sitting at extremes. The ratio of copper vs. gold, a barometer of sorts for global economic activity/fear levels/risk appetite, is no different. In the chart…...
Low Beta Leaders @ Resistance; High Beta Laggards @ Support = Potential Inflection Point for Broader Risk Appetite
Below is quarter-to-date (QTD) performance across SPX sector ETFs. Leaders (lower beta and only sectors up QTD): 1) Utilities (+11%) 2) Healthcare (+7%) 3) Staples (+6%) 4) Consumer Disc (+1%) Laggards (higher beta): 1) Energy (-5%) 2) Financials (-4%) 3) Industrials…...
Why has A Stock with a Great Fundamental Backdrop Fallen 40% in a Month? / The Power of Technicals
The chart below is of RGR (Sturm Ruger), a well known firearms manufacturer. The fundamental backdrop for this stock and its industry is excellent – obviously driven largely by fears of Obama’s perceived anti-gun rights political leanings. So, why then is…...