From the Desk of Ian Culley @IanCulley
Gold is up for the sixth day in a row – and it looks like this week’s breakout might be the real deal.
If it is — and gold continues to rip — it’s only a matter of time before copper breaks out too.
Expert technical analysis of financial markets by JC Parets
by Ian Culley
From the Desk of Ian Culley @IanCulley
Gold is up for the sixth day in a row – and it looks like this week’s breakout might be the real deal.
If it is — and gold continues to rip — it’s only a matter of time before copper breaks out too.
by Ian Culley
From the Desk of Ian Culley @IanCulley
What happened to those everyday commodity contracts the average investor follows?
I’m talking about crude oil, gold, and copper.
These days, it’s all about cattle futures, orange juice, or cocoa hitting an all-time high.
I’m sure everyone down at the NYMEX or the folks over at the CBOT in Chicago are having a ball. But what about the stock traders trying to get a piece of the action?
Sure, the energy trade is starting to work again. But gold has been a range-bound mess since the summer of 2020. And gold mining stocks have been an absolute dumpster fire.
It just doesn’t make sense amid a commodity bull run…
by Ian Culley
From the Desk of Ian Culley @IanCulley
Commodities are making moves.
Cotton is forming a bull flag following last week’s breakout. Coffee futures are coiling below a critical polarity zone. Cattle and hogs are running wild. Even Dr.Copper is perking up, posting positive returns over the trailing five days.
And don’t forget about cocoa futures as they continue to print fresh all-time highs.
With all this action heating up, let’s turn our attention to one of 2021’s most explosive markets…
by Ian Culley
From the Desk of Ian Culley @IanCulley
Naming a newborn is tough.
Who is this tiny person? And who will they aspire to be?
These are impossible questions to answer.
As you can imagine, the wifey and I were stumped upon meeting our baby girl earlier this week.
Every time I looked into her eyes, I could hear her plead, “Give me a name, boy!” A situation ten-year-old Ian never fathomed – even while watching The NeverEnding Story.
After a few days of deliberation, hours of snuggles, and the casual piercing gaze, I could only discern one thing: she smelled good.
So I offered up “Coco.”
It was on our shortlist. Plus, will we ever forget this year’s epic rally in cocoa futures? I certainly won’t.
Well, we ultimately landed on Cora, which suits her in some indescribable way.
But if I hadn’t cut technology this week so I could focus on my girls, I might have thrown “Cotton” into the ring.
I mean – it’s the “fabric of our lives!”
by Ian Culley
From the Desk of Ian Culley @IanCulley
It’s time to turn our attention to the energy space.
The same market conditions that favored energy in Q3 of last year are brewing.
Interest rates are rising. King Dollar is refusing to step aside.
And energy contracts – especially crude oil – are entering a historically strong period of the year.
by Ian Culley
From the Desk of Ian Culley @IanCulley
Holy reversals, Batman!
The tactical direction flipped for the dollar and rates this morning on the heels of stronger-than-expected job growth.
Whipsaws are dotting the charts, erasing weeks of progress.
How should we react?
Today, I want to show you a trade we can take to sidestep the market chop.
by Ian Culley
From the Desk of Ian Culley @IanCulley
Stocks aren’t the only assets catching a bid.
Commodities are, too.
Despite their current rallies, the average investor isn’t concerned with cocoa, cotton, and lean hog futures.
I get it… What do lean hog futures have to do with Tesla $TSLA?
But Dr. Copper – with its Ph.D. in economics – is ripping higher this week.
And crude oil is trading above our risk level outlined last month.
by Ian Culley
From the Desk of Ian Culley @IanCulley
Houthi rebels are rampaging in the Red Sea.
The result: Many carriers are taking the scenic route around the Cape of Good Hope in South Africa instead of the Suez Canal.
The longer route brings weeks-long delays and increased costs as the price to ship a 40-foot-long container has nearly doubled since late November.
It won’t be long before those additional charges trickle down to us, the consumer.
What are you going to do?
Buy marine shipping stocks!