I'm about to record, however I added a ton of text to go along
with the newsletter, this will serve as my thought for this year of
trade opportunities, not just the weekend, hope this helps
Hello everyone, I hope you had a
nice weekend! Here's my comprehensive commodity weekend
newsletter.
Energy: As far as crude oil, should it continue to
push higher, the 50 day MA may be a target. Energy stocks put
in a low on January 20th, along with the rest of the market, with
the ETF's XLE,OIH and many individual energy names forming long
legged doji candlesticks. I think this sector is likely to
push a little higher in the short term, possibly to the 50 day MA
for the XLE ETF. One could focus on some of the individual names,
however it's probably easiest to continue to play the ETF's (XLE,
ERX, OIH). If you are long any of these, consider trailing up
stops along the way as the next pullback will be telling.
Natural Gas: moved higher last week, remember his
put in a capitulation low in mid December.
Copper: has been in a horrible bear market for
years, however the weekly chart is wedging and so is the ETF,
JJC.
Agriculture Sector: DBA no change, however
the ETF's CORN and WEAT have potentially bottoming patterns
Precious Metals: Gold appears to have put in a nice tradeable bottom in
December with a doji candlestick off long term support while Silver
continues to try and chop out a bottom.
Precious Metal Stocks: This area however has my
interest for the intermediate term. As you know this area has been
absolutely decimated over the last 4 years, however now I think
it's showing signs of some sort of tradable bottom, maybe not an
end to the bear market, but may provided a good tradeable low.
Consider that gold/silver stocks have had a horrible last 4
years, so it's not out of the question for them to have an up year
in 2016. I'll discuss this below.
My thought is that the General
Market is now in a bear market and rallies should be used to unload
longs, and possibly establish short positions for aggressive
traders. However a lot of folks don't like to short and thus
I think some of the commodity ETF's and some precious metal stocks
may provide alternative longs for traders against the general bear
market.
Commodity Newsletter
Posted by matt on 31st of Jan 2016 at 06:33 pm
I'm about to record, however I added a ton of text to go along with the newsletter, this will serve as my thought for this year of trade opportunities, not just the weekend, hope this helps
Commodity Weekend Newsletter
Hello everyone, I hope you had a nice weekend! Here's my comprehensive commodity weekend newsletter.
Energy: As far as crude oil, should it continue to push higher, the 50 day MA may be a target. Energy stocks put in a low on January 20th, along with the rest of the market, with the ETF's XLE,OIH and many individual energy names forming long legged doji candlesticks. I think this sector is likely to push a little higher in the short term, possibly to the 50 day MA for the XLE ETF. One could focus on some of the individual names, however it's probably easiest to continue to play the ETF's (XLE, ERX, OIH). If you are long any of these, consider trailing up stops along the way as the next pullback will be telling.
Natural Gas: moved higher last week, remember his put in a capitulation low in mid December.
Copper: has been in a horrible bear market for years, however the weekly chart is wedging and so is the ETF, JJC.
Agriculture Sector: DBA no change, however the ETF's CORN and WEAT have potentially bottoming patterns
Precious Metals : Gold appears to have put in a nice tradeable bottom in December with a doji candlestick off long term support while Silver continues to try and chop out a bottom.
Precious Metal Stocks: This area however has my interest for the intermediate term. As you know this area has been absolutely decimated over the last 4 years, however now I think it's showing signs of some sort of tradable bottom, maybe not an end to the bear market, but may provided a good tradeable low. Consider that gold/silver stocks have had a horrible last 4 years, so it's not out of the question for them to have an up year in 2016. I'll discuss this below.
My thought is that the General Market is now in a bear market and rallies should be used to unload longs, and possibly establish short positions for aggressive traders. However a lot of folks don't like to short and thus I think some of the commodity ETF's and some precious metal stocks may provide alternative longs for traders against the general bear market.
Matt, the newsletter doesn't appear
Posted by zboy2854 on 31st of Jan 2016 at 07:37 pm
Matt, the newsletter doesn't appear to have any audio embedded. Can you confirm, or is it just me?
thx for letting me know,
Posted by matt on 31st of Jan 2016 at 07:38 pm
thx for letting me know, was a bug, try again, works now
Yep, thanks!
Posted by zboy2854 on 31st of Jan 2016 at 07:40 pm
Yep, thanks!