Commodities Countdown

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.

Continue reading "Oil Stocks Start To Rally" »

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

 

Commodities Countdown Video Recording 2017-06-15

Here is the link to the Commodities Countdown 2017-08-15. The surge in the $USD causes some concern. Quite a few of the commodities have moved below their 40 WMA. Global concerns start to rear up. A big review of the currencies and the conflicting moves in them highlight this week.

Commodities Countdown Video With Greg Schnell 2017-06-15 from StockCharts.com on Vimeo.

Good trading,
Greg Schnell, CMT, MFTA.

 
 

US Dollar ($USD) Becomes The Elephant In The Room

Commodities have been struggling recently, even while the $USD has been declining. Today marks an important place on the charts. The dwindling momentum on the MACD and KST on this $USD chart may be pointing to changing times. Both appear ready to start turning higher on the $USD chart. If the downtrend in the $USD is ending, this chart becomes the elephant in the room for Commodities in general. If the dollar is going to rise, Commodities will struggle to rally with a dollar headwind.

Continue reading "US Dollar ($USD) Becomes The Elephant In The Room" »

Commodities Countdown Video Recording With Greg Schnell 2017-06-08

Here is this week's Commodities Countdown 2017-06-08 recording. I made an effort to point out a few different viewpoints on some potential moves in the Commodities space. There is information on Oil, Natural Gas, Gold, Silver, Copper, Steel, Corn, Wheat, Soybeans and Uranium.

Commodities Countdown Video With Greg Schnell 2017-06-08 from StockCharts.com on Vimeo.

Good trading,
Greg Schnell, CMT, MFTA.