While we wait for the breadth and momentum divergences to develop in the equity markets, we’re taking advantage of other markets that offer uncorrelated trade opportunities.
Today, we’re looking at Jeera and Crude Palm Oil on the long side.
Expert technical analysis of financial markets by JC Parets
by Tom Bruni
While we wait for the breadth and momentum divergences to develop in the equity markets, we’re taking advantage of other markets that offer uncorrelated trade opportunities.
Today, we’re looking at Jeera and Crude Palm Oil on the long side.
by JC
This is the video recording of the March 2020 Conference Call.
by JC
We are not seeing any evidence of a bottom for stocks, yet. In these sorts of scenarios we want to see improvements in market breadth and/or bullish momentum divergences start to pile up. We’re not seeing any of either.
In times like this, where many stocks, indexes and sectors, are in what we call “no-man’s land”, it helps to find non-correlated assets to analyze and perhaps invest in.
One thing that does NOT move up and down with the US Stock Market is Natural Gas. Evidence of this lack of correlation can be seen throughout 2019, for example, as Natty Gas got crushed while US Stocks soared. [Read more…]
by Tom Bruni
In this type of environment, our focus has been on capital preservation as opposed to capital appreciation.
We’ve gotten a lot of questions about Metals during this time, so this post will review why we’ve been out and what would get us involved again.
From the desk of Steve Strazza @Sstrazza
Thank you to everyone who responded to this week’s Mystery Chart.
We had a few buyers but most of you were selling at this logical level of interest or exercising patience to see how prices react here. A few responses also pointed out that this likely isn’t the best time to enter on the long side but are anticipating an eventual breakout and would be buyers if and when we get it.
This is the same camp we’d fall into and we provide details why in the original Mystery Chart post. With that as our backdrop, let’s look at the chart.
by Tom Bruni
From the desk of Tom Bruni @BruniCharting
There’s been an ag-gravating pattern of behavior torturing bulls in the Agricultural Commodity space, so this educational piece will highlight the conditions that got us here and also outline a new trade idea.
by Tom Bruni
From the desk of Tom Bruni @BruniCharting
Sunday we outlined a trade in Cocoa that’s working well so far, so today we wanted to outline a similar situation developing in Sugar.
Let’s take a look at what’s happening.
From the desk of Steve Strazza @Sstrazza
In last week’s Chart of the Week, we wrote about our bullish outlook on Gold and followed it up with a deep dive on the entire Precious Metals space, which included a number of trade ideas to express our thesis. This week, we have a table that helps provide a different perspective on its recent price action but arrives at the same bullish conclusion.
The shiny metal has gotten a lot of attention lately as it currently sits around its highest level in seven years.
After about a 9% surge off of this month’s lows, we’d expect prices to consolidate in the near-term. But after that, we’re betting on new all-time highs for Gold in the coming quarters as long as prices are above last year’s highs near 1,560. Here’s how we see it.