Alphahunt

[...] ratio is also very bullish, as it successfully retested the falling wedge breakout with bullish RSI divergence. Expect EEM to outpeform SPX from here As we've shown previously, the EEM:SPX ratio is [...]

[...] - the 3x inverse Russell 2000 ETF. TZA is retesting a 5-year falling wedge breakout with bullish RSI divergence! The VIX is sitting on 12-year support + RSI support. A breakout above the red line can [...]

[...] (3x Inverse Russell 2000 ETF) is retesting the breakout from a 5-year falling wedge with bullish RSI divergence. Not good news if you're long broad US equities. TREASURY BONDS Not much action in bonds [...]

[...] . We're nearing 15-year support again: watch for it to hold.. Ultimately, I expect the bullish RSI divergence to cause a breakout above the falling green downtrend. CURRENCIES Recall that the USD has [...]

[...] for over 2 decades. Each time TNX hit channel support, it was a major buying opportunity in US equities. Conversely, each time TNX hit channel resistance, it marked a major top in US equities. UST ( [...]

[...] on: treasury bonds, commodities, foreign currencies and emerging market equities Bearish on: US equities and USD However, the big question is: Are we starting a new multi-year trend in these asset [...]

[...] analysis is critical In the short-term, the following ratios are giving warning signs for US equities: HYG:TLT ratio (high-yield bonds to treasury bonds) RUT:SPX ratio (small-caps to large-caps) In [...]

[...] wedge breakdown as new resistance. Notice the correlation with the SPX - not a good sign for US equities. JNK:USB (Daily) Ratio is testing the neckline of a confirmed top as new resistance. Watch for [...]

[...] . This is just ~1% above current levels. EFA:SPY ratio has a strong inverse relationship with US dollar. It is currently on price & RSI support. A breakout above the blue downtrend line would be [...]

[...] : BULLISH = Commodities, Foreign currencies, Emerging markets, Bonds BEARISH = US Equities and US Dollar It wasn't until my previous post ("What if I told you") that I shared my complete [...]

[...] asset classes. A couple interesting events are taking place - namely in the gold miners and US Dollar. US EQUITIES $SPX (Weekly) is making another run for multi-year channel resistance while [...]

[...] Market Anthropology blog, run by the talented Erik Swarts. Shown here are analog charts for the US Dollar and Euro. Original post here Original post here Tiho Birkan of ShortSideOfLong.com shows us [...]

[...] ) is on dual price support here. It needs to rally ASAP. Both GDX and SIL are on price & RSI support on their dailies. Gold:XAU (Daily) is at resistance. The miners (XAU) need to outperform gold [...]

[...] RSI divergences. CURRENCIES EUR (Weekly) is currently on 2yr price support, 4-yr RSI support and 6-year MACD support. I'm watching for these levels to hold. YEN (Daily) has been [...]

[...] levels to hold DBC (Weekly): This diversified commodities ETF is nearing major price & RSI support. Watch for those levels to hold. Finally, here's the weekly chart for DBA - the agriculture ETF. [...]

[...] and GDXJ on a daily timeframe. Both have clearly-defined price support here. One worry is that RSI support on GDX has failed (although its still holding for GDXJ). Silver (weekly) is hanging on to [...]

[...] a 1-year RSI breakout. Very bullish action. Recall, the Yen is positively correlated with Treasury Bonds and Gold, while inversely correlated with Nikkei, US Equities and US Dollar. Speaking of the [...]

[...] : Metals & energy are on strong support and we have confirmation from emerging markets, treasury bonds and the yen. However, the US dollar is quite resilient and is not giving up the tug-of-war so [...]

[...] holding support on weekly charts (see previous post for charts). EEM (Emerging markets) & Treasury bonds are still strong, which is positive for commodities. Here is a fresh breakdown in the 10yr [...]

[...] Treasury PRICE) has been strongly correlated with the Japanese Yen as well as Gold. Thus, if Treasury Bonds are forming bullish chart patterns, that's good news for the Yen & Gold while bad news [...]

[...] in a blow-off type fashion, spiking up 100-points in the last 3 weeks. There is some bearish RSI divergence as well. COMPQ is about to retest broken green uptrend and the March highs while IWM is [...]

[...] US EQUITIES In my June 6th Analysis I showed: IWM is forming a H&S top formation with bearish RSI divergence TZA (3x Inverse Russell 2000 ETF) is retesting a 5yr falling wedge breakout VIX ( [...]

[...] look to be forming a multi-year topping formation that peaked in 2012 and has 6-years of bearish RSI divergence. My short-term bullish outlook on bonds can take us to the indicated price & RSI [...]

[...] with the 10-year note The TNX (10-year note yield) shows a clean topping formation with bearish RSI divergence. The next key event in the bond space is for TNX to break the neckline at 24.50. [...]

[...] I have made the case that gold miners have already put in a major low recently and are entering a new bull market (see Third Time's a [...]

[...] Over the last 12 months, gold & gold miners have been stuck in a Stage 1 base that has required a ton of patience. During this period, we [...]

[...] currently breaking out of a shorter, 1-year resistance. Finally, here's a look at Silver and Gold Miners relative to Gold. Both the HUI:GOLD and SILVER:GOLD ratios made a 3-year downtrend breakout. [...]

[...] First, a quick recap: 4 weeks ago, we looked at how gold & gold miners were on key support (see Analysis Jun 6th). GDX then staged an impressive 20% rally in just a [...]

[...] has caused a lot of traders to give up. In this post, I want to update charts from all asset classes and show that the chopfest could be over soon. Let's start off with US equities - something I [...]

[...] Even higher short positions than at the June low Even cheaper valuations Other (correlated) asset classes starting to give confirmation Third Low: June '14: Price makes a higher low (vs Dec) & [...]

[...] ). Bonds are an area that very few traders look at, yet it carries huge implications for other asset classes (equities, commodities and currencies). Let's first take a look at what I mean by this. The [...]

[...] This was a very interesting week in all asset classes. Let's take a tour of some key charts I've been watching BONDS TNX (10yr Note Yield): After [...]

[...] bullish RSI div. Just like on the daily chart, its retesting the 2yr downtrend breakout. USB:SPX ratio (30-yr Treasury Bond to S&P 500): Currently near 15-year support with bullish RSI divergence. [...]

[...] EMERGING MARKETS EEM broke out of a massive wedge this past week The EEM:SPX ratio is also very bullish, as it successfully retested the falling wedge breakout with bullish RSI [...]

[...] - Another monster 3yr falling wedge. A daily close above $20 would be very constructive 9. TSX:SPX ratio (which like CDNX is correlated with miners) is retesting neckline of a rounded bottom 10. URA ( [...]

[...] mining stocks. It is sitting on base support with positive RSI divergence still intact. TSX:SPX Ratio might be forming the right shoulder of an inverse H&S bottom. CONCLUSION: In the last [...]

[...] interesting charts I found that tie into the thesis we've been presenting in this blog (bullish commodities & bonds; bearish US stocks & USD). The first 2 charts are from Market Anthropology [...]

[...] a lot of ground to cover. Since late '13, I've been posting charts showing why I am bullish commodities / treasuries / emerging market stocks / foreign currencies while bearish US stocks [...]

[...] We continue to see incremental progress every week on our thesis: Bullish commodities, treasuries, foreign currencies, emerging markets while bearish US equities and USD. US [...]