Sugar futures or the sugar continuous contract (can also check out the July contract SBN20) rallied 4.5% today, leaving a potential bottoming pattern. Again.
This is important for 2 reasons.
First, sugar is tied to ethanol, so that could signal …
On March 31st, I tweeted about gold GLD the ETF.
It is a good thing I do not rate my trading advice on the number of likes I get.
So, with the tweet spot on, the very next day, me …
The Simplest & Most Rounded Way to Look at Price
Back in the days on the Commodities Exchanges, we had no social media and little in the way of technical indicators.
But what we had was PURE price action.
In …
Before I comment on the charts, a note about the US Oil Fund ETF USO.
News is news, and clearly, it’s not been good.
But charts are better.
With two huge volume days in a row and prices that tanked, …
The weekend video I did for StockChartsTV, begins with a comparison of oil in the early to late 1970’s until now.
With oil crashing to pre-WWII levels, the analogy is that super cheap oil has preceded a war several times …
Many are calling the recent market activity similar to the great depression of the 1930’s.
And clearly there are some comparisons.
But what did not exist in the 1930’s was this level of QE.
During 1932, with congressional support, the …
We have been here before.
Sister Semiconductors SMH rocks the house, while her sibs and Grandparents lag.
Today, the disparity was palpable.
SMH closed up 2.71%.
The Russell 2000 IWM closed down .86%.
Regional Banks KRE closed down 3.68%.
Granny …
With jobless claims early Thursday morning, followed by the weak bank stocks earnings reports, the market is at a precipice.
Does the Fed come in once again to buy whatever they can?
Or, will reality replace the best of the …
Market reaction to the onset of COVID-19 has been volatile and uncertain.
Entire economies have closed, over 1 million individuals have been infected, 17 million people have filed for unemployment in the US, and GDP is set to contract at …
The charts of Regional Banks, KRE or the Prodigal Son of the Economic Economic Modern Family told us and will continue to tell us a lot!
On the daily chart, back in mid-January, KRE was one of the first sectors …
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