Market Masters: Using COT Data To Identify Turning Points In The Market

While I’ve been writing for See It Market for several months, it’s a great honor to write a “Market Masters” article. With my focus being towards technical analysis I am constantly watching the latest price action and in search of the best risk/reward relationships. These can be derived from momentum or breadth setups, which I’ve written about quite a bit, extremes in market sentiment, as well as within the actual positions

Intermarket Analysis Of The Correction: Bonds, Oil, Autos

The market accelerated to the downside today, and you’ve probably heard the adage by now, “Don’t try to catch a falling knife.” There are various technical analysis and fundamental tools that offer us approximations so we can take a measured approach to getting back involved. And I find the best way to do that is to combine them to look within the market using intermarket analysis. I think it allows

Is Gold Setting Up For A Santa Claus Low?

Gold is getting tons of press recently and I’ve been blogging about the metals for a while. This post is going to go into some of the underlying math currently driving the PRICE action and how a case can be made that the $1050 to $1090 level is going to be very important for Gold prices. And, even more interesting, this level could come into play around around the Christmas

The Best Of See It Market – September 2014

September saw the S&P 500 fall 1.77 percent… But that doesn’t come close to telling the whole story. Several assets traded to extremes and market breadth weakened throughout the month. To recap, here are a few things that dominated the headlines, and our contributors research posts on See It Market: The US Dollar – The Dollar surged 4 precent in September, causing disruptions across asset classes. A stronger buck put

3 Reasons Crude Oil Is Ready To Reverse Higher

The commodities sector has been hit hard by a stronger US Dollar and Crude Oil hasn’t been spared. But perhaps the decline in select commodities like Crude Oil is nearing an end. On September 15th, I wrote a piece for See It Market arguing that it was time to cover short positions in WTI crude oil futures (or related exchange traded products). Since that post, three key pieces of technical

Gas Prices: Seasonality, Sentiment Indicate Higher Prices Ahead

Gas prices have been heading lower over the past several months and are down 19% since the June high. This has been great news for drivers and especially families taking road trips throughout the summer. However, it appears we may start paying more at the pump as gas prices begin to bottom out. Price and Momentum Below is a daily chart for the spot price of Unleaded Gasoline (RB_F) since mid-2012.

Precious Metals Weak: Breaking Down The Charts

Both gold and silver continue to lose favor with investors as evidenced by precious metals continued weakness into September. This also shows up in technical analysis, so let’s review some charts. Starting with a broader look, let’s break down the 3 year chart below of the Goldman Sachs Precious Metals Index (GPX). There are three very important support levels to watch right now: 1589 – The weekly low in June,

Sector Rotation: Using The Energy Sector To Gauge The Market Cycle

In part III of the CMT program we spent a significant amount of time studying intermarket analysis and sector rotation. For me, it was the most powerful and rewarding aspect of the program. Part of the required reading, when I studied for the exam, was John Murphy’s seminal work “Intermarket Technical Analysis – Trading Strategies for the Global Stock, Bond, Commodity and Currency Markets.” We were required to understand sector rotation,

Is Silver Targeting 14? The Script Is Playing Out

When beginning to analyze any market and/or security it is recommended one look at the longest time frame possible. The longer-term moves tend to repeat in time or price or both, while giving you a flavor for the potential moves that might be forthcoming. As well, longer-term moves often repeat the same form and proportion. In the case of Silver, a perfect mirror image fold back is in the process

Are Gold Prices Taking Cues From The Swiss Franc?

Three years ago yesterday, I shared a chart highlighting why Gold may underperform for years to come. The chart looked at the correlation between the Swiss Franc and Gold and how both were tagging ascending long-term resistance at the same time. The chart is shown again for your reference below. It was the centerpiece of a post entitled, “Swiss Franc Is Suggesting That Gold Will Be Flat-To-Down For Years To Come!”   Gold vs