In-line with previous posts of chart dumps, we present another set of long opportunities below. Each of these names are compelling in the context of their chart patterns with most attempting break-outs of long-term patterns/resistance points. I tend to favor…...
AMED is presented below. The stock sits at 13-year support at line (2) which forms the low end of a long-term channel defined by it and line (1). At the same time it sits b/t a flag/consolidation pattern formed by…...
SHLD & JCP are presented below. Both sit atop long-term support lines (1a) and (1b). These lines are the only things standing b/t current prices and materially more downside. As it stands, I believe both support lines will break and…...
Resigned to the junk bin for 30 years, trailer park trash – manufactured housing – has the potential to become “bourgie”. Talk about places nobody wants to invest! And for good reason; this industry and these stocks have been perpetual…...
We have absolutely nailed the US treasury/rate trade (and its implications to other asset classes) and have no shame in stating as much. We were prescient enough in October of last year to suggest that if one were bearish US…...
I sent this set-up to you in an email this week and merely want to “officially” post to the site for posterity. PBI has recently formed a bullish, inverse H&S pattern over the past ~two years. With its announced $400…...
On August 9th of last year, or nearly a year ago, we had a post detailing favorable/bullish looking technical set-ups for 16 different companies. This is what we said in the post about the opportunities: “…for those looking for long…
In later April we suggested over-weighting this group in general and pointed to RBS specifically. Since that time the Dow Jones Euro Financial Index is up ~800 bps vs. a ~700 bps increase in the SPX. Not tremendous. However, RBS…...
Last night Chinese Premier Li Keqiang made some comments re: future GDP growth, suggesting the country will seek to maintain a level of at least 7%. This was one of the more unequivocal and clear statements anybody in a position of…...
I’ve touched on this statistical subject a few times in the past and wanted to give an update on it. Last July we had this post showing the length of cyclical/secular rallies through history on the Dow. More recently we…...