Per SentimenTrader, the three month flow into mutual funds and ETFs is at an all-time high in the chart below. Time to run for the hills and ring the crash sirens again!
The chart below shows the Yen on a weekly basis. It finds itself at support line (1) and (2). Moreover, in the lower pane, our preferred method of assessing price momentum has reached an oversold status seen only 6x since…...
Chart below plots the ratio of the DJ Toys Index vs. SPX. Note that it sits toward the bottom of long-term channel support, which is supportive of the group out-performing moving forward, so long as that support remains in place…....
RAD is presented on a weekly basis below. The stock is pressing 15 year resistance line (1) right now as well as its 23.6% Fib resistance formed off its 2007 highs and 2009 lows. I would emphasize that line (1)…...
The chart below highlights the ratio of the DJ US Healthcare Providers Index vs. SPX. The ratio is caught in a long-term ascending triangle pattern b/t lines (1) and (2). Typically such patterns are bullish and result in strong break-outs…....
On December 20th in a password protected post we noted that SODA was working on a break-out from a bullish ascending triangle pattern. That post is now unlocked and can be viewed here. Regardless, in the original post we noted…
We’ve done a lot of work on gold on the site over the past six months in various posts trying to determine two important things: 1) Was/is gold a “bubble”? and 2) If the answer to #1 above is “yes”,…...
The chart below shows the Greece General Share Index. Note the well-behaved downward-sloping channel that it’s traded in since 2006. Large sell-offs occur at the top of the channel and large rallies at the bottom. The global equity bottom in…...
On December 13th when the index was ~1,700 points lower, we noted in this post that the Nikkei was working on a rather important technical break-out. In that post we suggested the following: “…a break above line (1) would be…
The Yen and gold have tended to broadly trade in lock-step fashion since the latter’s secular lows in the early 2000s. If deviations have appeared in that pattern the Yen has appreciated or depreciated rapidly to make up the difference…