Crude Oil: With the commodity holding on to its upside offensive, more strength is envisaged. On the downside, support resides at the 39.00 level where a break will expose the 38.00 level. A cut throu...
The stock market is still viewed as if it were a discounting mechanism, a system where information is processed and priced to deliver insight about the fundamental state of liquidity, markets, and the...
Aluminum major Alcoa (AA – Analyst Report) has posted a big Q1 earnings positive surprise after the bell Monday, bringing the customary start to earnings season to bear for another quarter. Ho...
“smooth sailing”, right? Something is going on beneath the covers… Last week saw the biggest addition of shorts across the Treasury Bond Complex in over 3 years (with record ultra s...
A second day where bulls were unable to hold early gains and markets closed at lows. Following from Friday’s action it was disappointing to see bulls failing to build on the two steps forward, o...
Generally I don`t think the Energy stocks are in line with the fundamentals of the sub $60 oil environment. Be patient, wait for a market pullback either in the summer or early fall to find value in E...
For years the best trading strategy in gold and silver has been to buy when the ‘net short’ position of commercial traders was low, and sell when the numbers were high. This chart courtesy Cotpric...
The old adage is that strong and sustained economic growth cures many ills, if not all of them, so it is unsurprising that so many central banks would be so determined to create it. They are, surprisi...
Finally, oil jolted higher in the April 8 week to near $40/ barrel, snapping a drawn-out downtrend. The WTI crude oil ETF United States Oil Fund (USO) added about 7.5% in the last five trading sessi...
I took action on one of the stocks listed on my April watch list. Just before Friday’s market close I bought shares of Wells Fargo Bank. If you’re a regular follower of my blog, you alread...