The Philippine PSE Composite faces material long-term resistance lines (1) and (2) in the chart below. It’s been at these lines where the Asian financial crisis of 1997 began, where the U.S. tech bubble explosion accelerated in 2000 and where…...
The Morgan Stanley Consumer Index faces significant resistance in the chart below represented by line (1), which dates back 15 years, as well as 161.8% Fib expansion resistance formed off its 2007 highs and 2009 lows. This index is composed…
Last week SentimenTrader had a nice little piece detailing other periods in history where the SPX had gone at least five years before registering a new 10-year high as it did on Thursday. Thursday’s signal was the fourth in history…....
The first chart below plots the relative value of the Mid-Cap 400 Value Index vs. SPX from 2000-October 2002. This was the bear market coming off the heels of the tech bubble. As the chart suggests – the SPX was…
Random chart dump today with a focus on consumer discretionary. Grey = not sure on outcome, but keep on radar as next move likely big; red = bearish; green = bullish. For those that are bullish-looking, focus longs on industries/cap-sizes…...
Want to use this post to reiterate the following: Over-weight sectors/industries that under-performed over the past decade Under-weight sectors/industries/that out-performed over the past decade The latter is most applicable to those sectors/industries heavily impacted, one way or the other, by…...
We’ve had a number of bullish posts on YHOO dating back to September 19th right here, where we explained that old-line late 90s tech super-stars were going to begin out-performing again. Back then, when YHOO was trading 50% lower below…
Was reasonably confident, per the analog below, we’d get a quick, ~400 bps correction into ~14K on the Dow sometime in the past week or two. Increasingly, that appears unlikely. If it doesn’t happen, there’s a good chance the Dow…...
In the chart below Spain’s IBEX faces long-term falling resistance line (1), after rallying ~30% off support line (2). If line (2) were ever to give way as support, line (3), which runs parallel to line (1) and forms a…
Our AAPL long, initiated in small size at ~$440 and in much larger size at $420, has begun to work very nicely. Assuming you split your position size 50/50 at ~$440 and ~$420, one should be up ~8% as of…...