Commodities Countdown

Commodity Countries Try To Rotate To Leadership

Julius's de Kempenaer's RRG charts do a great job of visualizing the market rotation. The falling $USD made most investments in foreign markets do well. Some foreign markets have been dropping for three months in local currencies (France, Germany, Japan, Canada, Australia) but the charts priced in US Dollars made them look stellar.

With the dollar stabilizing the last few weeks, these foreign markets have fallen out of the leadership quadrant into the weakening quadrant. Japan is still in the green quadrant but pointed down. The Nikkei ($NIKK) made new 3-month lows on Monday in the local currency. The European markets have moved from leading to weakening. The real question is can they turn back up here?

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Commodities Countdown Video Recording 2017-08-10

Lots of action in Commodities this week.  The Gold and Silver charts are very interesting and I covered them off in the last 10 minutes of the recording. Oil is holding, but the oil stocks are continuing to go lower.  With global markets softening a bit and the NASDAQ 100 really reflecting some weakness on the BPI charts, some caution has arrived.

Commodities Countdown Video With Greg Schnell 2017-08-10 from StockCharts.com on Vimeo.

Good trading,
Greg Schnell, CMT, MFTA.

 

Commodities Countdown Recording 2017-07-27

The Commodities Countdown Recording 2017-07-27 has just been posted. There is a lot of information on the recording about the breakout in Copper, the struggles with Agriculture and the major buildup on the Gold charts. Oil continues to push higher into the $49 camp. We are watching for a break in the momentum trend to confirm the new move up but some of the stocks are up 20 % off the lows already.

Commodities Countdown Recording with Greg Schnell 2017-07-27 from StockCharts.com on Vimeo.

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Commodities Countdown Video Recording 2017-07-20

This weeks Commodities Countdown Video Recording 2017-07-20 continues to discuss the emergence of various commodity markets starting to rally.  A low Friday close on the US Dollar this week confirms the new bear market signal for the dollar as I have been discussing for the last few weeks. If you are looking for names in the oil and gas stocks, we investigated the stocks that are strongest in the sector right now.

Commodities Countdown Video With Greg Schnell 2017-07-20 from StockCharts.com on Vimeo.

Good trading,
Greg Schnell, CMT, MFTA

 

Oil Stocks Start To Rally

The Energy Sector spent the first six months of the year in the divorce section of most portfolios. Holding energy stocks was extremely painful while technology and biotech rallied. Most Commodities were pulling back for the first half and the associated stocks were as well. For those following the video recordings, we have been hunting for a seasonal low in energy stocks starting in early July. This looks like it is setting up.

This week some of the energy stocks on both sides of the border are pushing above one-month bases. While its not much, it is somewhat rewarding to see it start when we were expecting some seasonality to kick in.

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The Commodities Countdown Video Recording 2017-06-29

This Commodities Countdown Video Recording marks the half way mark in 2017. With one more day of trading before the close of June 2017, comments the global picture, Currencies, Commodities, Bonds and Equities. If you like Commodities, there are some great trading ideas and positions to watch for over the next few weeks.

Commodities Countdown With Greg Schnell 2017-06-29 from StockCharts.com on Vimeo.

Good trading,
Greg Schnell, CMT, MFTA