KlendathuCap

KlendathuCap

Genesco apart from being under fire from high tech competitors like amazon, is in the wrong part of the market, consumer staples. This baby looks WEAK! I am very bearish. #RIPerinoCappichino.

KlendathuCap

I'm taking a stab at uranium, specifically US uranium miners. For those interest, I have written a blog post about it. klendathucapitalist.com

KlendathuCap

Gold miners have been beaten worse than a 20th century French army. The momentum looks good. Time for a turn around.

KlendathuCap

Long term trade here. Consumer spending in the US not likely to return. Higher borrowing costs with house hold debt near all time highs is not doing anyone any good.

KlendathuCap

Short term time frame, Tesla may be due to test any of the 50 dma, but it still looks pretty awful.

KlendathuCap

Time to put Elon out of his misery? Maybe not that dire. He still has at least 6 months before he tries to raise more cash. But let's be real, this fish is rotten.

KlendathuCap

Rising momentum without a new significant low... Looks tempting. Uranium spot prices are at 11 year low. Clearly unsustainable. Might see some buying for real assets here as inflation pushes higher.

KlendathuCap

Trump rally is overblown. China serious risk of deflation. Technicals look pretty good. Divergent RSI momentum and key Fib retracement level. I am short X

KlendathuCap

I have a feeling Tencent will break this 4+ year trendline and retest the 22 area. Not a strong feeling.

KlendathuCap Updated 

I'm already a China bear, and to see BABA get overextended like this screams opportunity. The 50 day kiss goodbye plus negative momentum gives the look of a nice set up. I think there's a high probability we go back and fill the August gap up.

KlendathuCap Updated 

Nikkei going lower. Yen going higher. BOJ just can't seem to push inflation expectations higher. Will need a paradigm shift to force the Yen lower and we just aren't there yet. Till that happens and it will happen, the Yen will strengthen and the Nikkei will fall.

KlendathuCap Updated 

Time to buy a small position in TLT. At the very least, we could be due for a rebound off the .50 fib level from the 2014 lows. Over the next year, it is more likely than not this will be seen as a buying opportunity although perhaps not the best spot, once again, risk reward seems quite nice. Also Chinese deflation risk is massive right now.

KlendathuCap

Barring a Chinese Yuan devaluation of significant magnitude, the Yen is going to go a lot lower. Yields in Japan are pinned to the floor, while rates everywhere else are rising. This growing spread will crush the Yen

KlendathuCap Updated 

Interesting momentum dynamics with a break above the 2015 down trendline all clearly bullish. I could see the cross get as high as 86 but much more likely this rally dies around the 84 range. I'm not looking to take a position merely observing the knock on effects of Chinese speculative bubbles that have inflated Australian commodity export prices.

KlendathuCap Updated 

Please forgive for the poor title choice. TLT coming into contact with a multiple points of resistance: the 50d ma as well as the 138 line. Momentum a key driver of the rally in lower bond yields appears to be fading. Although I still think yields head much lower in the US, now is not the time to hold a big long position.

KlendathuCap

Super China bear here looking at a lovely technical setup. The rally has gotten way too far ahead of itself. The 50month MA and a decade long trendline as well as the .50 fib level from the 2014-2016 move all acting as resistance.

KlendathuCap

Energy stocks have rallied enough here. Unable to break key Fib level with divergent momentum and an OPEC that will most likely not come to an agreement. Oh yeah, and junk bonds have rallied way too far as well. All in all, this sector has had everything in the world go right to get to this point and it's still flagging. We could see some sideways chop for a...

KlendathuCap

The reemergence of Chinese capital flight among a myriad of other factors makes the SPY an all time short right now. If we get back up to 2175, the crash may be delay a few more months, but it is near.