I quote Michael Cera in Superbad in this post’s subject line because the charts below are the same pattern. One is ARRS and the other is TIVO. Both are bullish ascending triangles and both share the same date axis and…...
As of last week the Wilshire 5K closed above its 30 week MA for the 70th consecutive week dating back to 11/25/2012. That’s an incredible feat of “trending”, if ever there was an obvious representation of what unbridled bull market…...
We have been extolling the virtues of the coming wave of potential semiconductor out-performance since July of last year. We were probably a touch early with that call as the relative performance of the group fell ~170 bps from the…...
I’ve got two simple technical charts below. One is the SSEC and the other copper, both on a weekly basis. The SSEC is on the cusp of breaking down from major long-term patterns including the flag formed b/t lines (1a)…...
A few weeks ago on 2/19/14 we made a high conviction call to buy gold and related miners. Our thesis in that post was based on two historically bullish price action characteristics that the metal was then exhibiting including: Gold…...
Wanted to update our ongoing Nikkei 6 mo RoC > 65% analog (a previous update here). Prices in the charts below reflect today’s US futures based price of ~14,450 as this is what tonight’s Japanese-based trade will likely converge around…....
Fairly simple chart today with fairly straightforward conclusions. Below you’ll find that gold and the USD are at critical crossroads with the former/latter facing two-year resistance/support. The USDs chart is particularly intriguing to the extent that the support line in…...
I’ll do with all our Chinese single-stock ideas dating back to my late June / early July 2013 call that the region’s equities were at a major low (even as Barron’s was calling for a crash), what I also did…...
I continue to have very little to write about on a day-to-day basis that I haven’t already discussed previously. Ultimately, I think I’ve sliced and diced U.S. markets about as extensively as one can in terms of divining future outcomes;…...
Be a buyer of palladium. If you don’t trade futures, that’s the PALL ETF, which has decent liquidity. Your initial upside target for the metal is ~50%, to $1,150 from the current ~$770. The logic for being bullish this metal…...