In its last two trading sessions the Shanghai Composite has shed 140 and 160 bps, respectively. At the same time the index sits on trend-line (1) support dating back to 2006 within the context of a broader pennant/flag consolidation pattern…...

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I think there are two potential outcomes here: 1) Per the first chart below – the SPX daily – there’s a chance that the move off the late May / early June lows of ~1,280 and the choppy consolidation that then…...

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The chart below analogs the periods of July 1986-December 1987 and July 2010-October 2011. Without going into the additional historical statistical details of how one would triangulate or back into 1,075 as “the” point bottom to buy on 10/3/11, the…...

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If today’s losses hold through tomorrow (a BIG if), the SPX weekly chart will look like it does below (or worse). In that chart you can see the SPX has put up an incredibly bearish looking wick at important resistance…....

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I find technicals so inherently valuable because they offer such clear parameters for identifying where something has changed (or not).  They offer great lines in the sand in terms of facilitating improved exeuction – long here / short here. So,…...

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The Yen sits at multi-decade highs against the USD.  The ratio of the DJ Global Index vs. the Nikkei the same (i.e., the former has outperformed the latter for quite some time). Interestingly though, the Yen recently broke below trend-line…...

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A few weeks ago we highlighted our belief that gold appeared to be broken, purely from a technical and price-action perspective. Turning our attention to silver, we believe the same is true. A look at the first chart below depicts…...

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The attached shows that the ratio of the 10 Yr vs. 30 Yr UST price is hitting trend-line support that has been in place since 1986. The first point to make is that it is typically at this line where 10…...

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The RSI on the 60 min SPY chart has only been this elevated, whether it be euphoria or something else, 4x over the past year. Once was in early July 2011 when Greece managed to secure a release of bailout…...

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On October 3, 2011 when the SPX closed at 1,100, investors in the Rydex family of funds had nearly $1.60 invested in money market fund vehicles for every $1.00 invested in long or sector-based equity mutual funds. In effect, cash balances…...

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