The chart below is the Malaysian KLSE Compsosite index. It correlates quite will with the EWM ETF. In the chart below we can see the index has broken trend-line resistance (1) and is registering new all-time highs. It is currently in the…...
Self-explanatory chart below – INTC is now sitting on trend-line support from its 2009 and 2011 lows. Can we expect a bounce here for INTC and with it the semiconductor space in general – both have been beaten up badly…
We are long gold and have been for weeks now following a break-out of trend-line resistance that was in place since the metal’s 2011 highs. Conspicuously absent from this long position has been a corresponding long position in silver or any…...
Last week, as the chart below indicates, the Nasdaq Composite index appears to have finally cleared its 50% Fib retracement level formed between its highs in 2000 and lows in 2002. This is a big deal in our opinion – it’s taken the Nasdaq nearly…
In the chart below AMZN’s rally of late has taken it into a key area of resistance in the ~$265-$272 region. $265 marks trend-line (1) resistance formed off the stock’s 1999 and 2011 highs. $272 marks 261.8% Fib extension resistance…
Much has been made of the waves China made overnight with talk of incremental stimulus measures. The SSEC rallied nearly 4% on that news. However, we would caution anyone looking to play any resurgence in China against using the playbook…
The chart below shows the ratio of the SPX vs. XLF – when the ratio moves lower, financials out-perform. The ratio is now breaking below support line (1). This is important as every time the ratio has hit line (1) over…
All the way back on May 30 we highlighted the emerging case for Airlines sustainably out-performing the SPX. We didn’t take a strong, high conviction stance on this belief, but merely stated the “possibility” for this happening was becoming stronger. At…
The chart below shows FXI on a weekly basis. FXI has been bouncing on trend-line support (1) for the past few weeks. This has been “the” line in the sand for FXI since 2005 and has produced many sizeable rallies…
The chart below highlights the AMEX Gold Bugs Index. This index is now following the previous break-out in gold as it pushes above trend-line resistance dating back to its 2011 highs. For more detail on the potential upside in gold…