So said Jeff Macke in this piece on Yahoo Finance from Friday re: MSFT and its disappointing earnings results, which sent the stock down ~10% that day to ~$31. But, in looking at the long-term MSFT chart, does last Friday’s…...
In the chart below YOKU is plotted on a daily basis. It has formed a fairly nice base over the past two years in the $15-$20 area. In that time it has also formed a flag/pennant pattern b/t lines (1)…...
Big bust out of DATE below. So long as it’s not a head-fake, could portend a very big move higher. Also could be indicative of our broader thesis re: China being a bull. Lastly, would imagine that thematically, if there…...
Over the past year we outlined our view that old-line tech (can you believe we’re calling tech “old-line” these days?) would begin to out-perform the broader market. Specifically, we highlighted YHOO as our favored play for this theme. We updated…...
DGIT is presented below. The stock finds itself at resistance in the midst of an overall descending wedge pattern, which typically end bullishly. Moreover, this name is part of the media industry. I’ve favored this industry for some time (look…...
Times sure do change. Europe, for all of 2010-2012, was “the” key driver to global macro trends. Everything seemed to revolve around one peripheral country’s crisis after the next. That’s not the case anymore. The phrase “Euro-zone debt crisis” seems…...
In the chart below I plot gold against its 2 Yr RoC. Though it stands at only -15% right now, come August/September when it will be lapping its August/September 2011 highs, its 2 Yr RoC will be ~-35%, assuming steady…...
With respect to working the expected near-term correction on the Nikkei into an overall frame-work, the analog below might be a good foot. In it I compare, yet again, the 1988/1989 Dow vs. 2012/2013 SPX, both being respective 4th/5th consecutive…...
Short-term Nikkei thoughts, though in the context of a longer-term, more secular view-point. In the chart below I show the Nikkei over the past year on a daily basis and copper in the 2004 time-frame, also on a daily basis…....
In the scatter-plot below I show the 2 Yr RoC for the SSEC (X-axis) vs. the 2 Yr RoC for the SPX (Y-axis). As of this morning they are -30% and +25%, respectively, with major SSEC under-performance occurring over the…...