Our MACRO BIAS for the auto industry in general is negative – we don’t see it holding up in the long run. When we take a look at FCAU’s chart however, we can clearly see a positive trend still under way. The left hand weekly chart shows a long term expanding wedge, with the market […]
Andrew J.D. Long, MFTA
About Andrew J.D. Long, MFTA
Posts by Andrew J.D. Long, MFTA:
GM General Motors IDEA
After reaching a high of almost $42.00 at the end of 2013, GM has shown some volatility, falling off and retesting the $38-39 level several times (on the high end) while finding support around $27. Three blue s/r zones can be seen to make channels offering potnetial opportunities as the market bounces off or moves […]
HOG Harley-Davidson IDEA
The weekly view (left chart) shows HOG has fallen off from highs in 2014; a bounce from 2016 has lifted / retraced that market drop more than 61.8%. Recent resistance has been found and if the market continues to fall there is a possibility of significantly more drop to come. The long-term weekly chart shows […]
SPX Technical Update 2017 06 19
Weekly: the chart to the right shows what we had given last update, the red numbers 1-3 have been added and highlight the targets the market moved through. You can see these in the current weekly chart below, with the market sitting at target 3. Since last update the market lifted in to HPTZ1; pulled […]
TNX 10yr Technical Update
Weekly: The last time we updated the TNX we were watching for a potential move lower to fill a gap (yellow highlight). This occurred, and the market now sits at several significant technicals. The pattern for the lift since June 2016 could be seen as a potential expanding wedge, with the market currently sitting at […]
USD Technical Update
Long Term Weekly View This is a perspective we have been following for a few years now. Both blue ellipses are identical, the second a copy & paste of the 1st, moved over and down slightly. Although the lift from 2009 is no longer riding the ellipse edge, this edge is still a significant technical […]
GOLD Technical Update and IDEA
Gold long term monthly view: The market sits at an interesting confluence of technicals, all significant, and how they break or hold could show us the next move. At the current market location we can see gold just coming up to a purple long term monthly target. Around this area we can see: (1) purple […]
ORLY O’Reilly Automotive IDEA
ORLY had a strong lift through 2015 that topped out in the summer of 2016. The first signs of weakness can be seen in the summer of 2016, where the market first broke the trend from the end of 2015. The subsequent bounce, lift to new highs, and then the fall off since Jun 2016, […]
EURODOLLAR SHORTAGE IS CRIPPLING GLOBAL CREDIT GROWTH
EURODOLLAR SHORTAGE IS CRIPPLING GLOBAL CREDIT GROWTH When the Shanghai Accord was launched the US Dollar needed to be taken down from a level approaching 117 based on the BIS’s REER. The “trend line” suggested this was a global limit to the Us Dollar’s strength which has previously forced or triggered major adjustments in […]
Outcomes & Performance: FANG & NOSH Watch List
Last spring we gave some potential technical entry considerations for the FANG & NOSH stocks. Below is the watch list given showing the Long & Short considerations, the current price as of this post, and the return that could have resulted. Note that all the markets are currently off their 52 week highs and even […]