On February 7th we had a post on RAD noting it was working on a break-out of 15 year resistance. We also noted the stock’s industry group had favorable technical appearances as well. We suggested the following in the post…
Updated to reflect prices at ~$26.15 this week. One word – kaboom. Likely headed much lower to that aforementioned $13-$18 range....
In the chart below note that the Shiller P/E currently stands at a line of demarcation. Historically, any further expansion in SPX valuations has coincided with parabolic moves higher and/or bubbles including the late 20s, mid 90s and the 2002-2007 global…...
In the chart below I’ve updated the 1988/1989 4th/5th consecutive annual gain analog. Seems as if we completely just skipped over the ~400 bps correction the Dow had in this recent ~1 month window in 1989 and are apt to…...
On January 11th, when the index stood at 10,800, we had a simple, two sentence post that asked two questions in the context of the resistance the Nikkei was facing in the chart we attached to that post: “Is line…
In the chart below the ratio of the Yen vs. AUD is breaking 23-year support at the inset. This support has been in place since early 1990 immediately succeeding the Nikkei’s all-time highs in December 1989. So, one has to…
We’ve spent the better portion of the past few weeks focused almost entirely on the Nikkei in an attempt to better understand what’s going on with its current price action in the context of similarly positive episodes throughout the Dow’s…...