Getting Aboard Noah's Arc with Commodity Trades
With the the return to resource stocks shifting into a higher gear, a trading opportunity exists to trade the commodity sectors where buying momentum is accelerating. A nice way to execute this strategy is to pick two names in each sector with stops as indicated below. The anticipated time frame for this trading portfolio is one-two weeks. I will monitor this portfolio and update with posted results.
This is an example of a strategy I employ, and will be available to the public when my Global MegaTrends Portfolio service is available through Green Faucet later this month:
Disclosure Note: Author is actively trading the names listed in the chart below.
|
Sector
|
Ticker
|
Stock
|
Entry Price
|
Stop
|
|
Gold
|
AEM
|
AGNICO EAGLE MINES
|
66.05
|
62.74
|
| |
KGC
|
KINROSS GOLD CP
|
19.86
|
18.86
|
|
Coal
|
ACI
|
ARCH COAL INC
|
63.55
|
60.37
|
| |
BTU
|
PEABODY ENERGY CORP
|
72.22
|
68.60
|
|
Nat Gas
|
DVN
|
DEVON ENERGY CP (OK)
|
117.5
|
111.62
|
| |
RRC
|
RANGE RES CORP
|
68.62
|
65.18
|
|
Dry B. Ships
|
TBSI
|
TBSI INTERNATIONAL
|
54.56
|
51.83
|
| |
DRYS
|
DRYSHIPS INC.
|
104.19
|
98.98
|
|
Metals
|
TCK
|
TECK COMINCO CL B
|
49.89
|
47.39
|
| |
FCX
|
FREEPORT MCMORAN B
|
119.04
|
113.08
|
|
Refiners
|
FTO
|
FRONTIER OIL CP
|
25.94
|
24.64
|
| |
TSO
|
TESORO CORP
|
24.76
|
23.52
|
|
Oil Service
|
CAM
|
CAMERON INTL CP
|
52.47
|
49.84
|
| |
RIG
|
TRANSOCEAN INC
|
151.29
|
143.73
|
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Some of these stocks are en fuego. DRYS has been on a hell of a run.