On a shorter-term basis I believe the Nikkei needs to successfully test its recent break-out as new support. For me, that break-out is less about the 16K level, or long-term trend resistance dating back to 1990, and more about the…...
I wanted to add yet another layer of analysis to our ongoing Nikkei work which continues to suggest the potential for material upside in the index moving forward. If you recall, the last layer of analysis we added in building…...
As of today the SPX is +800 bps YTD. That’s very impressive and even more so considering an up 2014 would represent the index’s 6th consecutive annual gain dating back to 2009. As you undoubtedly know by now given we have…...
But, if it happens, it will have positive ramifications for the Nikkei. In the chart below the ratio of the DJ Global Index, or basically the world’s stock market index, is plotted vs. the Nikkei since the early 90s. That ratio…...
On the left chart below we find resistance line (1), or our “thin red line“, on the cusp of potentially giving way to more Nikkei upside. This technical barrier remains of the highest import to the future outcome of the…...
VDSI is breaking out from an ascending triangle pattern b/t lines (1) and (2) in the lines below. The height of the pattern is ~$15 implying the potential measured move higher, or price target, is ~$30 given the break-out occurred…...
On May 28 we suggested buying PTRY when it stood at ~$16 based on its technical and potential fundamental set-up. Since then it is +25% to nearly ~$20. The SPX is +1.4% over the same period. In our original post we…...
If yesterday’s post is correct, and the market needs to fall per the 4th/5th/6th consecutive gain analog, just like it did from July-October 1990, then we need to think about potential downside targets. Again, these targets assume that yesterday’s thesis…...
U.S. equities are at a very critical juncture. Though I have repeatedly pronounced that “risks remain to the upside” this year, nowhere on the site have I suggested or openly advocated a major over-weight in any type of index-related ETF…...
Abnormal days that jolt the spirit of the market’s existing trend, like yesterday’s ~200 bps loss, are good points in time to do a broad analog update. Here’s the 4th-5th-6th consecutive annual gain analog. Haven’t shown it in quite a…...