Commodities Countdown February 24, 2017 at 09:19 AM
Commodity related stocks had a ridiculously bad day by any sort of measure. Gold was up $18 and the GDX hardly budged. Oil stocks have been unable to rally this week with crude oil testing a small breakout, only to reverse. The Metals ETF broke a year long trend line today... Read More
Commodities Countdown February 23, 2017 at 05:57 PM
Here is today's Commodities Countdown Video. Commodities Countdown With Greg Schnell 2017-02-23 from StockCharts.com on Vimeo. I'll have more commentary in a separate blog... Read More
Commodities Countdown February 17, 2017 at 12:00 PM
"We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful" - Warren Buffett With the current fire lit under the Equities markets and no fire truck in sight, it seems that everyone is unabashedly bullish... Read More
Commodities Countdown February 10, 2017 at 09:38 AM
The Energy Sector (XLE) is trying to bounce off the uptrend line. There is also a horizontal support line and the 200 DMA just below. Based on the KST it looks a little early. Looking through a lot of individual energy charts, they are at support... Read More
Commodities Countdown February 03, 2017 at 05:51 PM
While oil holds around $53, the oil companies have been pulling back. Here is the performance chart over the last month. Lots of the oil stocks are trending down to the 200 DMA currently... Read More
