Chart porn

Some MACRO charts of note

Gulf States - Basically a middle east ETF.  for more details click here

Gasoline - a small bull H&S has broken out as it makes a run at key trendlines above.

CRB Index - regained a key support line.  This adds a lot of significance to the line.  Taper signaling a decent inflation rate ahead??

Groups to watch

GEX - alternative energy with a spectacular consolidation.  This includes solars and things like CREE, TSLA

XNG - nice push past resistance.  An explosive look.  here's a link to the components 

SOCL - a great cup with handle look while relative strength has already broken out

Fresh setups, hot breakouts


HBIO - a small biotech breaking a MASSIVE base  A double> triple+ over time?  My favorite fresh breakout out there and it's not close.

HIL - theres a great swing long opportunity here

EGAN - a winning net stock in 2013 has dipped under the 200D.  A strong move over has our interest versus channel lows

SFY- breakout re-test

 CLFD - Networking is picking it up in a big way of late.  No sellers in this stock all year.  A top pick here

AL - the aero cycle is in full force.  This has based nicely after the IPO breakout offering a low risk speculation point for longer term players.

 MWW - small staffing stocks are going CRAZY of late.  This fresh breakout targets 9

 NAT - the shippers have been big gainers, this is one of the best set up charts in the group.  This should see 10 quickly.  Probably has much more in it.

 MTW - I love the tight coil break here.  I own it and am looking for a 30's in 2014.

 JNS - hot group, won't be shocked if this trades 20 a year from now

 CPE - The dip has been bought.  Looks ready to test the recent highs and could lead to much more upside

DSPG - leaving a 4 year base in a big way, likely has at least 35% upside left

 BZH - breaking a 4 year gradual resistance line; this is poised for major gains as are others in the housing sector (hov, spf to name a couple)

MLNX - appears to be turning the corner exiting this long term falling wedge.

INSM - a key bounce at support this week.  This all coming at a major breakout point.

Quick thoughts on sentiment and seasonality

Everybody is anticipating this smooth Santa Claus rally into years end.  We may eventually get that, but this down wave could be MUCH stronger than most think, because we're all content.

Many are looking for 'next yr's big winners' in this yr's losers(including myself).  That strategy has to be less effective when everyone is bullish, right?  Or does this mix of sentiment and fundamentals just suggest the big winners aren't going to come from the most obvious areas like gold miners etc?

Speaking of this year's losers, it's again proven hard to time an entry into those.  There are just people selling for tax loss purposes everywhere into ANY strength.  Just look at coals like ANR.  It ripped a whole dollar on Monday (12/9) and it's already reached it's previous low.

While everybody is going to be clamoring about the January barometer, it's not as statistically useful in mid-term election years.  According to the folks at Trader's Almanac, 10 of the last 16 MTE years have followed January's direction.  On top of that, the first five days in January have told us nothing(8/16) in MTE years.