Big Trouble in Little Thailand?

Filtered for a few items this morning on the Thai SET index in Thailand. Weekly close at least 700 bps < weekly high YoY >20% Looking for a massive reversal off a stretched bull cycle. Anybody find other instances interesting…...

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Thoughts on the Two-Year Consolidation in Precious Metals

Remember our alternate way of thinking about silver we presented a few weeks back? That post is right here. In it, we suggested the potential for additional upside in the metal and that the highs from April 2011 were not…...

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27-Year Resistance at Hand for this Stock

So, how will 27-year resistance line (1) impact the stock below? Historically, it’s not treated the name very well. What stock is it?  What industry? Looks like a good short in what is otherwise a runaway bull market.

Solid Chance These Names Lose Half Their Value over the Coming Year?

The technical set-up in the charts below look very appealing from a short standpoint – both companies face long-term channel and/or falling resistance lines. Statistically, correlations suggest there’s a ~80% chance these names trade down over the coming year with…

HD to Mr. Bernanke: "Thank You Kind Sir"

Thanks to the re-ignition of animal spirits in the housing sector, stocks related to that area, such as HD, as well as various other building materials names, have benefited  magnificently. HD is challenging its all-time highs right now in the chart below. Its P/E…

Updated Thoughts on Coffee

As a refresher, here’s some background on our evolving coffee thesis, as well as right here. Though the set-up has been somewhat technically appealing at times, we’ve correctly remained on the sidelines/bearish and have watched the product’s price decline ~20%…...

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Though Such an Outcome May Not Be Imminent, Evidence Supporting Another 1929, 1937 or 1987-Style Event is Becoming Robust

As of 3/14 last week the Dow had been up 10 consecutive days. Dating back to the late 1800s there have been 35 such runs, including the most recent.  In reality, the signal has only come 13x originally speaking as…...

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Copper to $2?

In the chart below copper appears to be breaking down from a multi-year flag pattern formed by lines (1) and (2) this week. Line (2) represents the top end of what appears to be a historical channel, with line (3)…

Is Copper the Nikkei's Rosetta Stone?

I was admiring the technical break-down in copper this morning (thinking about a long nat gas / short copper trade) and began to notice how analogous the price action in Copper 1993-2004 has been to the Nikkei 2003-current. Take a…...

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What's Green Today (Nat Gas a Safe Haven)?

Safe havens – gold, USD, Yen and U.S. bonds. Strangely enough though, so is Nat Gas.  In fact, it’s the greenest thing on the screen. Coincidence when we find that in Cyrpus the government has promised to repay savers enduring…