Tag Archives: GDP

Copper’s overnight break to new lows breaks bull cycle neckline/foretells downside revisions in global GDP

Download (PDF, Unknown)

For optimal viewing click the arrow symbol in the upper right of the document window then Zoom+ or download the .PDF at the link above.

Disclaimer: This communication should not be construed as an offer to sell or the solicitation of an offer to buy any security. (Click here for full disclaimer)

If news follows price, the current set-up in the XHB isn’t good news for GDP

Download (PDF, 381KB)

For optimal viewing click the arrow symbol in the upper right of the document window then Zoom+ or download the .PDF at the link above.

Disclaimer: This communication should not be construed as an offer to sell or the solicitation of an offer to buy any security. (Click here for full disclaimer)

Silver’s widening weakness and divergence; trouble for S&P/GDP?

Download (PDF, 438KB)

For optimal viewing click the arrow symbol  in the upper right of the document window or download the .PDF at the link above.

Disclaimer: This communication should not be construed as an offer to sell or the solicitation of an offer to buy any security. (Click here for full disclaimer)

Last Bastion of Market Leadership – XLY – an update

Our last commentary on the XLY was on October 23, 2012 - XLY signaling risk to 70% of U.S. GDP

We saw this space as fertile ground for short candidates and it produced big winners for us including MHP and TWC.  We are still short VFC,  and we posted a negative outlook on Macy’s earlier today, but we are re-assessing our short-term outlook for the XLY.

The XLY, the market’s last line of leadership; should hold important upcoming support, but temporarily only.

$XLY – Daily

Disclaimer: This communication should not be construed as an offer to sell or the solicitation of an offer to buy any security. (Click here for full disclaimer)

Bonds: What if? (interest rates rise)

Tale of the (bond) tape: consider the consequences of potentially rising long rates, even as the economy fades

TLT – Daily

TLT – Weekly

USB – Monthly

Ticked-Off Trannies with Knives – $TRAN

The Dow Jones Transportation Average ($TRAN) aka, “The Trannies” are garnering a lot of attention.  Our short exposition history includes eight commentary on the topic.

Yesterday, saw Abigail Doolittle, Bespoke Investment Group, and ZeroHedge all tweet about the negative $TRAN divergences within a few hours.

The $TRAN show reminds me of a controversial train wreck movie called “Ticked-Off Trannies With Knives.”  The movie is a rape and revenge exploitation film and it stupefied me.

We said last night, “the Trannies always have a story to tell.”  We have not seen the end of this story yet, but in the movie, the Trannies get their revenge…

Revenge of the Trannies?

Disclaimer: This communication should not be construed as an offer to sell or the solicitation of an offer to buy any security. (Click here for full disclaimer)

Will The Global Economy Breakdown below 2008 Crisis Levels?

Both dry bulk cargo and container freight rate trends show how far-fetched global economic recovery is anytime soon.  In fact, as the charts indicate, it’s not a foregone conclusion that the global economy will avert a breakdown below its late 2008 crisis levels. – Beachcomber

Harper Petersen Shipping Index

Baltic Dry Freight Index

Disclaimer: This communication should not be construed as an offer to sell or the solicitation of an offer to buy any security. (Click here for full disclaimer)