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…....

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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…...

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On a weekly basis the Euro/Dollar cross finds itself nearing very critical support levels ~ a penny lower at ~1.215. This is the pair’s 50% Fib level b/t the 2000 low and 2008 high and also represents trend-line support (1) from…

Corn futures have now gapped open at least +1.50% vs. their prior week close in four of the past five weeks (i.e., at least 80% of time). Including this week’s signal, this has happened a mere seven times dating back…...

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On 6/27 we noted that new 52 week lows on the NYSE had been trending higher over the past year even as the SPX was flat to up. We also noted that if history held, it was likely not the…

Last night the Shanghai Composite (SSEC) shed nearly 240 bps on the back of various Chinese macro data points. This comes on the heels of other recent weakness in the SSEC – on 6/25 we noted that the index had witnessed two straight…

As of right now the USD is down ~110 bps on the day. Since March 2009 there have been 33 other occurrences of single-day USD declines of at least 100 bps. The last instance dates all the way back to…...

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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…...

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There aren’t many places to hide these days. Short of bonds, the USD, staples, utilities and bio-techs, it’s tough to find favorable price action in much of anything. This is true too for the Gold Miners Index, presented on a monthly…...

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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…...

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