Long WSM / short BBBY. The ratio b/t the two below broke out to the upside recently and over the past few weeks (especially this week with BBY’s post-EPS decline) appears to have successfully old resistance line (1) as new…...
I did not Photoshop or doctor Yahoo Finance’s home page today. This snippet was taken at 1PM EST. See highlights for relevant sentiment. No additional commentary needed.
Maybe Bill Ackman is right and HLF is a pyramid scheme. I honestly don’t know the answer to that one. I do know the stock, should it hit ~$34 on a weekly closing basis, will be at rather important long-term…
The AMEX Gold Bugs Index is breaking 13 year monthly support line (1) in the chart below, dating back to 2000. We also provide an inset of the same chart on a weekly basis – it appears as if it’s…
The chart below shows SODA on a daily HLC basis and with an inset showing weekly closing values. Not a ton of trading history to this recent IPO in 2010, but both seem to suggest the stock is close to…...
Three charts below: 1) Euro – weekly: breaking out above trend-line resistance 2) Ratio – DJ Euro Financials Index vs. SPX – weekly: breaking out above trend-line resistance 3) NBG – weekly: sits atop important support line (1) and is…...
It appears as if silver might break line (1) support in the chart below. If so, the post bubble analog suggests it could fall hard and fast. In this event, the most likely target would be ~$26-$28 at line (2A)…...
Our last post on TASR was on November 6th, right here. In that post when the stock stood at its current levels, we said the following: Given the technical set-up…we remain bullish the name but would look to preserve gains…...
Last week we had a post suggesting the SPX was breaking out in a big way on Wednesday the 12th. We noted at the time that the move higher would need to include the market holding there through the end…
The chart below plots the ratio of the SPX vs. FAA (airline ETF). Note that this week the ratio is breaking below support line (1) and seemingly falling back into a channel whose bottom is defined by line (2). If…