Trend Analysis

Should this unearned, unworthy and downright counterfeit wealth creation be justified, should it be accepted and can it really be productive by any sound measure? It’s painfully clear for all to see that the majestic United States is now firmly caught in the rapacious stranglehold of financial elites which have completely captured it in a grotesque gamed [...]

Ftse is within striking distance of the all-time high.We pierced the upper bollinger band and appear to be in a 5th wave

So far the Aus weakness has not resulted in "risk-off",possibly because the Yen has taken over the mantle ?

With all the turmoil surrounding politics and more. A few other spectacles came into sight that also had me shaking my head in both laughter as well as disbelief. There is the debacle currently taking place in Microsoft’s (MS) newest version of Windows®. It turns out as of this writing users aren’t all that crazy [...]

I am convinced that the primary effect of extraordinary monetary policy measures such as QE revolves around the [inappropriate] re-pricing of risk assets. The table below gives my assessment of the transformation this flood of liquidity has wrought on risk asset classes. ASSET CLASS WHAT WAS…. HAS NOW BECOME Certificate of Deposit A safe savings instrument A waste of time Treasuries, Bunds, OATS A safe savings instrument Certificate of Deposit JGB’s A safe savings instrument A waste of time Peripheral EU Sovereign Debt Highly risky instruments, with large default premiums Fully OMT-backstopped debt with attractive yields High Grade Corporates Low risk investment with attractive yield that allowed corporations to fund growth investment Ridiculously cheap method for corporations to fund stock buy-backs at peak valuations Junk Bonds Risky instruments, with moderate default premiums High Grade Corporates Dividend Stocks Risk instruments that paid you to own them High Grade Corporates Equities Risk instruments with large potential gains or losses The only way to make money Sustainable? I doubt it.

Fellow Slopers, In a post earlier this week (“Shorting Japanese Hockey Stick”), our host noted how Japanese stocks have been going nuts since Abenomics was unleashed (quantitative easing about 4x as large as we’ve had in the US). In this post, we’ll talk a look at the current hedging costs of a handful of the [...]

What’s the trend been lately? Let’s put on our biggest thinking caps and try to figure that one out: I think “Relentlessly Up” would describe it succinctly. May 1 was the only day that was sorta-kinda a down day. The bears – of which I am one – look pretty much like clueless, stubborn idiots. [...]

Symmetrical triangle in the pair ?

On the monthly chart the recent pullback looks like a backtest of the trendline and now the uptrend has resumed with a very strong candle this week and the chart looks very bullish. There is a 50% move from 5 to 7.5 (ie Gann resistance) and a 5 wave count though so lets see if the stock can maintain the break of 7.50