We’re living in an age of commodities volatility. The last ten years have seen a number of big price swings for many natural resources. Uranium ran from $10 to $140, and then back to $40. Oil hit $145 then plummeted back to $35. Copper went from $4 to $1.25 and then back to $3.50 (and...
Full Post »

Very suitable fireworks in the markets as we celebrate our Independence. Be safe we will be back Tuesday…enjoy your long weekend. We feel oil could have another 3-4% downside at the most before we get a bounce higher. As we voiced in recent posts we expect the $70 level to act as solid support...
Full Post »

A trailing stop order is a a kind of order that helps you limit the potential for loss due to drastic stock price fluctuations. This also helps investors get away from random emotion-based strategies. Research has shown that more disciplined trading is much less fraught with severe losses. One reason why using trailing stop...
Full Post »

What excuse will be given for a disappointing number tomorrow? Heading into a long weekend tomorrow’s jobs number will likely have a greater impact than normal.  Crude oil has fulfilled our short term targets having dropped 8% in the last four sessions. We are not advocating longs yet but would suggest those short to trail stops...
Full Post »

I am torn on oil therefore have no positions on for clients. In the August contract we violated the trend line that has held since mid-May but quickly rallied back to close slightly lower in today’s session. We’ve seen a 50% Fibonacci retracement at today’s lows but have a sneaking suspicion we could see...
Full Post »

If investors are not interested/confident I am a seller. When August Crude took out $77.70; the 9 day MA mentioned yesterday buyers disappeared and as of this post prices are below the 20 day MA down 3.40% on the day. The path of least resistance is down and this leg could drag prices back to...
Full Post »

Though Crude held the 9 day MA we did not like the price action. Those long could stay long but we suggest trailing stops as a settlement below $77.70 on the August contract signals a break lower. We advised our clients who were long to exit at a small profit and move to the...
Full Post »

It was a non stop sell off last week in equities as the SP500 sold down 4 days straight with a small move up on Friday. While investors were cashing out of stocks, we saw that money move into the big shiny yellow safe haven – Gold. I have put together a short video showing...
Full Post »

Coal. Specifically, any coal that can be easily shipped to Asia. Despite all of today’s carbon concerns, the world still largely runs on coal. In fact, according to BP’s recently-released annual energy review, coal’s share of global energy use increased in 2009. In fact, the percentage of global energy demand met by coal was the...
Full Post »

As a general rule, the most successful man in life is the man who has the best information It was August of 2009 when I first wrote about Quebec, Canada’s Utica shale gas play. The Utica has a lot going for it: Shallow depth of the shale Proven fracturability High production rates, up to 1 million cubic...
Full Post »