Commodities

Natural Gas Seasonality Turns Bullish Into Spring Time

Natural gas prices dropped precipitously from Mid January into this week.  I covered that in my article earlier this week. Today I want to look at Natural Gas seasonality, mainly because it’s about to turn bullish soon. And this could mean that Natural Gas is about to turn higher… Let’s…

Stock Market Futures Trading Update For February 20

Broad Stock Market Outlook for February 20, 2018 The S&P 500 tested price resistance on Friday but could not overcome a key level. Now support levels are being tested as we drift lower into congested areas. The key price region for buyers to hold will be 2705 in mixed momentum. S&P…

COT Report: Gold Bugs Have Golden Opportunity

The following chart and data highlight non-commercial commodity futures trading positions as of February 13, 2017. This data was released with the February 16 COT Report (Commitment of Traders). Note that these charts also appeared on my blog. The chart below looks at non-commercial futures trading positions for the Gold Futures. For the…

Opportunity Knocks… Will Gold Bulls Answer?

Gold investors have enjoyed a strong start to 2018. After a brief pullback into early February, the shiny metal has charged higher once more. The question now: Is a major breakout on the way for gold and precious metals bulls? Looking at the chart below, you can see that a…

Market Futures Trading Outlook For February 12

Broad Stock Market Outlook for February 12, 2018 The media quoted ‘correction mode’ in more articles than I can count but one day does not determine a trend. The bounce off Friday’s lows has advanced into resistance and the weight of recovery sits clearly on the shoulders of the traders trying to breach Thursday’s congestion…

Intermarket Chart Attack: Not Done (Part 2)

This is an Intermarket Analysis chart review that I provided to my fishing club members Wednesday to prepare for the stock market downdraft I expect to continue. These charts are meant to graphically represents relationships (strong and weak) that can foretell how the currents are moving to better identify how stocks/sectors/indices will move! You…

S&P 500 Futures Trading Update: 2720 Above 2620 Below

Broad Stock Market Outlook for February 8, 2018 The daily 50 simple moving average of the S&P 500 chart, as well as the weekly 10 simple moving average, held as resistance yesterday.  We will be watching price resistance once again today as the market attempts to rally. The 2720 area on S&P…

Intermarket Chart Attack: Not Done

This is an Intermarket Analysis chart review that I provided to my fishing club members this past weekend which graphically represents relationships (strong and weak) that can foretell how the currents are moving to better identify how stocks/sectors/indices will move! You can see my last Intermarket Chart Attack here.  Note my caption was “careful”…

Stock Market Futures Trading Outlook: Recovery Rally

Broad Stock Market Outlook for February 7, 2018 Tuesday’s bounce turned into an upward sling shot with volume that tested price resistance near 2697 – around 150 points (600 ticks from the low). The market is now trying to settle out and consolidate (i.e. find its footing after a big fall)….