This is the video recording of our May 3rd Monthly Charts Live Strategy Session
Passing the Torch to Grains
From the desk of Steven Strazza @Sstrazza and Ian Culley @Ianculley
The rally in some commodities has been near-vertical this year.
And we’re seeing this strength across the entire complex — from energy contracts like crude oil to base metals such as tin and even grain markets like wheat.
While these kinds of moves are bullish over longer time frames, when things get too hot (like they have), it’s often not sustainable on a tactical basis.
This is the situation right now for a lot of commodities. We think a period of well-deserved digestion is underway for the broader asset class.
But this doesn’t mean there won’t be fresh up-legs taking place in some individual contracts.
As this new secular bull market matures, pockets of strength will rotate across the space. Our only job is to find the emerging leadership.
Today, energy and base metals are correcting after explosive rallies while strength emerges from the agricultural complex — especially grains.
Not only are grains showing strength. They’re also carving out some massive bases.
This is an area we want to rotate into right now. Let’s talk about why!
Are We Losing the Leaders?
From the desk of Steven Strazza @Sstrazza and Ian Culley @Ianculley
Equities continue to get hit. And yesterday, commodity-related stocks were not immune to the selling pressure.
Energy, metals, and natural resources, in general, all sold off into the close. The inflation, interest rate, and commodity trade had a really rough week.
It’s never a good thing when the leaders get hit like this. At the same time, two days really doesn’t make a trend.
Before we get sucked into calling peak inflation, let’s zoom out and put all this near-term volatility into the right context.
When we do, it reconnects our eye with the underlying trend – which is unequivocally higher. It also becomes clear that many of these stocks are finding resistance at logical levels – areas where we would expect these stocks to digest gains.
And that’s exactly what they’re doing!
Let’s take a look! [Read more…]
[Premium] Q2 2022 Playbook
This is our ASC Research Q2 2022 Playbook.
- Stocks (International & U.S.)
- U.S. Sectors & Industries
- Market Breadth & Sentiment
- Commodities
- Currencies
- Intermarket Analysis
- Cryptocurrencies
- New Trade Ideas
- Overall Strategy
[Premium] Mid-Month Conference Call Video Recording April 2022
[Podcast] An Interview With Larry McDonald | Conversations with JC Parets
Today we sit down with my old pal Larry McDonald.
When it comes to the bond market, Larry is the guy I want to talk to. And with Bonds getting off to their worst start to a year, maybe ever, what better time than the present to dive into the fixed income markets?
While I had him, we also discussed the equities markets, commodities, metals and Crypto.
This was a fun one.
I hope you enjoy it as much as I did.
Are Oil Refiners Next?
From the desk of Steven Strazza @Sstrazza and Ian Culley @Ianculley
Commodities are off to another record year — and it’s only April!
Crude oil and friends are leading the charge as the energy-heavy CRB Index is up 34% year to date.
Oil ripped above 100 in February and has been in a corrective phase since. The energy complex remains red-hot though, with natural gas futures breaking to fresh 13-year highs this week.
While crude oil finds its footing, its derivatives — heating oil and gasoline, are coiling just beneath all-time highs and gearing up for some massive base breakouts.
We’re also seeing some bullish data points for the broader oil and gas industry as crack spreads are expanding and signaling a healthy demand for black gold. This bodes particularly well for oil refiners.
All of this price behavior is what we like to call rotation.
It’s an essential characteristic of any real bull market, and it’s exactly what we’re seeing from commodities these days.
In fact, we’re even seeing constructive rotation within commodity subgroups, like the developments we just described in energy markets.
Let’s dive in and talk about some areas in energy that we think are ready to catch some of this rotation next.
April Strategy Session: 3 Key Takeaways
From the desk of Steve Strazza @Sstrazza
We held our April Monthly Strategy Session last week. Premium Members can click here to review the recording and download the chartbook.
Non-members can get a quick recap of the call simply by reading this post each month.
By focusing on long-term, monthly charts, the idea is to take a step back and put things into the context of their structural trends.
This is easily one of our most valuable exercises, as it forces us to put aside the day-to-day noise and simply examine markets from a “big picture” point of view.
With that as our backdrop, let’s dive right in and discuss three of the most important charts and/or themes from this month’s call.
- « Previous Page
- 1
- …
- 35
- 36
- 37
- 38
- 39
- …
- 103
- Next Page »