Over the past year or so I’ve talked a lot before about where I’ve broadly considered our placement within this “super cycle” of sorts that began in 2009. I’ve generally thought that most of the work implied that placement was…...
From their late 2014 swing high of ~50 bps, 10-yr JGB yields had collapsed recently all the way to ~20 bps as of 1/19/15. In the post Asian Financial Crisis world, or what we could fairly call that period in…...
Just plotting the SPX w/ its RSI on a weekly basis in the chart below. A couple of things to note: Price and momentum, via the RSI, have deviated materially since early/mid 2013 until now with price continuing higher as…...
Purchasing AFFX and DGX per the long-term break-outs in the chart below. Specifically, AFFX is breaking above long-term resistance lines (1) and (2). With its initial rally beginning along line (3) support, parallel resistance line (4) would seemingly offer a…...
In our 2015 working thesis we laid out the case for additional commodity downside, notably in copper and crude. We also highlighted gold and suggested that it had the best looking / most bullish pattern and had the best chance…...
It’s that time again. Time to put pen to paper and make our best attempt at crystal-balling the upcoming year. If we had to name 2015 or give it a theme we’d probably call it “The Year of Capitulation”. By…...
Want to be a buyer of UIS. This story is a little bit cloud computing, a little bit turnaround and a little bit beneficiary if rates rise due to a large pension obligation. It’s also a little bit acquisition target…...
In the chart below I blot the ratio of the DJ Telecom Equipment Index vs. SPX. B/t lines (1) and (2) the ratio has been caught within a softly declining, bullish descending wedge pattern that appears set to break out…...
All the way back in May we suggested a purchase of PTRY based on two simple factors: 1) a bullish looking technical set-up that augured for a move to ~$37 2) a bullish fundamental backdrop suggesting the potential for the…...
Have been expecting some type of stepped up short-term Nikkei weakness/VOL for weeks now in and around this price level. It’s failed to materialize. In fact, based on the 60 min chart below, the Nikkei appears to have decisively broken…...