In September of last year we had a post suggesting the market is thematic and that every dog tends to have its day in the sun and that old-line technology stocks were about to begin sun-bathing. That belief was largely…...
This is an update to our post last week discussing the potential risks associated with the global investment community’s “reach for yield” if/when risk-free rates began to rise. In the first chart below I plot the ratio of the Yen…...
As we pointed out a few weeks ago, the USD continues to attempt a break-out of material long-term resistance. I continue to believe that the monthly USD charts are the best way to gleam informational content on the set-up in…...
The ratio of the DJ World Stock Index vs. Nikkei is plotted below. It was this ratio, among other things, which helped get us very bullish on the index from an execution standpoint, in 2012, in our humble opinion, well…...
I favor some financial services / asset managers based on the bullish looking charts below. LM and SCHW appear the most bullish and as if they have broken out into areas that portend materially more upside. Broadly speaking, given the…...
We’ve had some commentary recently about looking at the Nikkei in real terms. By real we meant taking the nominal value of the Nikkei and dividing by 10 Yr UST yields as a proxy for CPI. 10 Yr UST yields…...
Coming into this week the Nikkei faced incredibly important and formidable resistance. As a refresh that resistance included: A falling trend-line off the 1989 and 2007 highs – the most important tops in the index’s history 61.8% Fib retracement resistance,…
No matter where you turn you can read about the global “reach for yield” game that’s being played by investors, institutional and retail alike, as they attempt to generate income in riskier asset classes with “higher” yields to circumvent the…...
The ratio of palladium vs. silver is plotted below. The ratio is breaking out from a near decade-old consolidation pattern formed by lines (2) and (3). The logical upside target for the ratio is ~0.45x or nearly 50% higher. This…...
In the chart below the Yen appears to be breaking straight through critical 23.6% Fib retracement support (1985 lows / 1995 highs). This level, or ~1.00, is also parity level with the USD and a place of numerous important swing…...