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Here is a chart of the oil ETF that did not make it into my column yesterday on Barron's (Energy Stocks to Fuel Gains).As you can see, it has a tentative upside breakout. Considering what has been... read more »
In previous commentaries we’ve talked about how the 6-year cycle is scheduled to peak around Oct. 1. That now appears to be all but certain following the last few trading sessions. ... read more »
With the world forging ahead in this modern industrial and technological era, the king of commodities continues to flex its muscles as the most indispensable of resources. Oil, the... read more »
In articles and media appearances during the past several weeks, we’ve hinted that there are fundamental problems with the economy and the market. While we have often traced these back to poor... read more »
The dollar and Treasuries breaking down and commodities and equities advancing…is this correlation back? The 9 day MA In August Crude has shifted to support now at $93.50 with resistance at the 18... read more »
We could see investors taking some risk off in the coming sessions so don’t be afraid to move to the sidelines or have a short bias on some of your positioning. Crude will close slightly lower... read more »
It does not take much in the way of volume to move markets in thin trade so be careful. Wind was taken from the bulls sales in Crude this week as prices traded down to seven month lows.
In my career generally the hardest trades have been my most successful. Buying on days like today is not easy but likely the correct move. The EIA’s move of releasing SPR’s will grab headlines in... read more »
While scanning the major Sector ETFs, a shelf of support (pattern) in the Energy ETF – symbol XLE – caught my eye. Let’s take a look at the current support level at $72 and then note a logical... read more »
St. Louis Fed President James Bullard recently attacked the concept of core inflation, which excludes volatile food and energy prices. The "core is rotten," he argued in a speech last week.... read more »
