Commodities

What’s Wrong With Gold (GLD)?

Back in March, I issued a long research report on the state of the Gold bear market. In that report, I shared how a number of reasons why Gold was out of favor (and remain out of favor). But I also looked at sentiment, seasonality, and technicals to make a point that Gold had an opportunity to rally. Here’s an excerpt from that post: Headwinds included: US Dollar strength, slowing

Energy Sector (XLE): Still Digesting 2014 Massive Price Shock

The energy sector is struggling and it’s pretty clear the whole industry needs more time to recover from and (more importantly?) adjust to last year’s massive price shock. And this shows up on the chart for the Energy Sector ETF (XLE) Looking at the chart below, there are a few takeaways that are important to note. Underlying breadth leads price to new lows. Momentum divergences failed to lead to a rally.

Palladium Correlations: Flashing Caution For Apple (AAPL) And The Nasdaq?

I have done several charts in the past looking at Palladium correlations, and specifically Palladium and it’s correlation to Apple (APPL). If you find correlations and price relationships interesting, do yourself a favor and spend some time starting from the beginning (which is at the bottom of the page in the link) and work through risk management and understanding the dynamics at play. As of Friday June 26, 2015 Palladium has broken

The COT Report: Currency Markets Stir The Pot For Traders

The following is a recap of The COT Report (Commitment Of Traders) released by the CFTC (Commodity Futures Trading Commission) looking at futures positions of non-commercial holdings as of June 23, 2015. Note that the change is week-over-week. 10-Year Treasury Note: Yields pushed up nearly 21 basis points for the week. Sales of both new and existing homes did well in May (even though market reaction was lukewarm). Of the

Top Trading Links: Trends And Themes Heading Into Q3

Q2 is just about in the books. This last week might be the most notable of the whole year in terms of blogger sentiment. One short squeeze post-Fed meeting has essentially wired the jaws of the bears. There’s a sense of calm in the air that we haven’t seen yet this whole quarter. And this is happening while China’s Shanghai Composite has dropped nearly 20% in less than two weeks.

US Corn And Soybeans Weekly Report: Prices Jump Higher As Rally Continues

The rally in Corn and soybeans prices continued this week due to follow through speculation on the potential for lost soybean acreage and deteriorating crop conditions primarily in the ECB. The culprit continues to be unwanted and excessive precipitation. The average trade guesses for next Tuesday’s June 30th Acreage and Stocks report are as follows:   Monday’s Crop Progress report showed the US corn good-to-excellent rating falling 2% versus last week to

Confusion Reigns: Separating What’s Bullish vs Bearish In The Markets

It’s been an amazing year for the markets in many respects. The resiliency of U.S. equities in the face of several bearish headwinds (and headlines) has been a feather in the bulls caps. But market breadth indicators and volatility in the bond market could be a test near-term. This follows disconnects in Crude Oil and the Euro that carried over from 2014. Earlier this year, I said that the market

The Rotation Report: U.S. Equities Atop Global Stock Markets

As stocks in Germany and China try to work through major stock market corrections, the U.S. market and select sectors look pretty good. Market sentiment is amazing these days and seems to be driving the markets. The Fed Statement lit a fire under the market (just as it did in March) and gutted “The Fed must raise rates now” crowd. Be sure to read this week’s “Top Trading Links” for a full primer

Inside The COT Report: Are Investors Betting On Higher Rates?

The following is a recap of The COT Report (Commitment Of Traders) released by the CFTC (Commodity Futures Trading Commission) looking at futures positions of non-commercial holdings as of June 16, 2015. Note that the change is week-over-week. 10-Year Treasury Note: Let us see if we can make some sense out of this week’s major developments. The FOMC met, and it looked like members were trying to appease both bulls

Top Trading Links: A Whole Lot Of Awesomeness

Information presented to us is quite often biased in some way shape or form. And we are seeing a lot more of it these days. Thankfully, we can still dig deeper to find and use quality data and information. In this week’s Top Trading Links there’s an abundance of awesome research and market insights. Enjoy.   MARKET INSIGHTS – Sentiment @ZorTrades sums up the current US equity market sentiment well: “Either