At the end of March 2012 I noted homebuilders appeared very under-valued vs. other bubbles at this juncture of their bubble peak price. I presented the chart below to justify this. Since that original post, the S&P Homebuilder Index has…...
The first charts below include 10 and 30 Yr UST prices. With their strong recent performance, both securities are battling long-term channel resistance dating back 27 years. Historically, per the red shades, this resistance has resulted in periods of declining…...
Both bio-techs and pharmaceuticals are working on quality, long-term technical break-outs in the charts below. The set-up in bio-tech is the most compelling given that the DJ Bio-tech index has already cleared all-time highs from 2000. Should it break its next…...
This week the SPX was down every single day Monday-Thursday and then wiped out the entirety of those losses on Friday. This has happened only four other times in history dating back to 1928. The other days were 10/26/56, 11/15/57,…...
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…...
If the USD closes above 83.83 today it will register a 2-year closing high (genesis for this idea came from a Chris Kimble post yesterday, though his conclusion appears different). And clearly, even if we fail to do this, it…...
According to SentimenTrader even though the SPX was down for a fifth straight day yesterday the VIX was only up ~7.7% over the same period. Dating back to 1990 when the SPX is down for five straight days and the…...
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…...
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…
Yesterday we noted Corn’s recent price action had registered a 99th percentile event last week dating back to 1960 (something that had happened only 6 other times in history). We won’t rehash the details as you can read them here…....