This is the video recording of our July 5th Monthly Charts Live Strategy Session
It’s a Little Corn-y
From the Desk of Ian Culley @IanCulley
The most important crop report of the year has hit.
Yes, it’s generated quite the buzz over the past few weeks, as grain markets ripped higher in anticipation.
Some observers even speculated that Friday’s report was the most important in the history of the agrarian economy.
So let’s round down, be conservative, and call it the most important crop report in 5,000 years.
Seriously, though, it was a big deal, as acreage estimates for soybeans represent the largest miss since the report’s inception – or, like, ever, in history.
More importantly for traders and investors, the report brought increased volatility.
If you’re like me and prefer to sit out these kinds of days, you’re patiently waiting for the dust to settle.
Meanwhile, if you’re at all put off by the volatility of these futures contracts, I have a vehicle that promises a much smoother ride…
Commodities Are Alive and Well
From the Desk of Ian Culley @IanCulley
The commodity supercycle will not be televised.
Jim Cramer will not provide commentary on cotton, cattle, and/or the crack spread.
Hollywood will not make a movie on crude oil trading below zero.
Nor will jeera futures have their turn in the limelight.
That doesn’t mean we should plug in, turn on and cop out.
Instead, let’s focus on the charts…
Industrial Metals Support Stock Market Rotation
A healthy rotation is underway across equity markets.
Leadership has swung toward cyclical value-oriented names over the trailing two weeks. Small-cap Energy, Materials, and Financials are outpacing the year-to-date top performers (Large-cap Tech). It’s a clear expansion in participation and a hallmark characteristic of any bull market.
But if cyclical stocks have a chance at participating over the long haul, we want to witness similar strength from corresponding commodity markets.
And we are…
STLD Shores Up the Commodity Correction
From the Desk of Ian Culley @IanCulley
Commodities are caught in correction mode.
Copper has undercut former support. Crude oil is trading below its former cycle peak. And grain markets can’t catch a bid.
It’s not the most bullish behavior. But remember, price doesn’t travel in a straight line.
On the bright side, most commodity contracts have stopped going down.
And the future will only become brighter for commodity and stock market bulls if buyers continue to bid up this next stock…
[Premium] Monthly Charts Strategy Session June 2023
This is the video recording of our June 5th Monthly Charts Live Strategy Session
Uranium Stocks Approach a Key Breakout
From the Desk of Ian Culley @IanCulley
Commodities are on the rocks.
Our Equal-Weight 33 Commodity Index is printing fresh two-year lows. Crude oil is hanging around the lower bounds of a multi-month consolidation. And Dr. Copper is loitering below former support.
This isn’t bull market behavior.
But just as the stock market is a market of stocks, the commodity market is a market of, well, a diverse set of commodities.
So, while I don’t want to buy many high-profile procyclical contracts – and certainly not the commodity indexes – I do like the more obscure areas showing strength…
ATTN Goldbugs: We’re Headed to the 2011 Highs!
From the Desk of Ian Culley @IanCulley
Former resistance turns into potential support – and vice versa.
That’s Polarity 101. It’s a pattern found throughout the market. It doesn’t matter the asset class – Bitcoin or Berkshire. It’s simply human psychology at work.
These levels often mark missed opportunities. And, in the process, they create price memory that fuels increased activity. Traders and investors are driven to transact at these levels, highlighting supply and demand zones that act as support or resistance.
Why does this matter right now?
Because gold futures have sliced through near-term support, careening toward a level etched in the minds of goldbugs everywhere…
- « Previous Page
- 1
- …
- 15
- 16
- 17
- 18
- 19
- …
- 103
- Next Page »