I’m posting this blog today (Friday Feb 2nd) in lieu of Monday’s usual blog. I’m on BNN on Monday at 5:30 pm EST (see bottom of this blog for details) and wanted to get a blog out prior to that appearance. Hope you can catch the show. The TSX is guided by a concentration in Read More
The three-bar rule applied to the oil trade
I noted on November 6th that the price of oil was moving through $56. I suggested that oil would be a good trade if, and ONLY IF it remained above $56. Note that the breakout point is actually $55 on this chart, but $56 remains a more comfortable barrier over that prior wall of resistance. Read More
Oil looks ready for a bounce
Traders, not investors, might be interested in the chart patterns for WTI oil right now. The chart below shows us that crude has been range bound since early 2016. When crude hits around $42, it has bounced off of that level and moved up to anywhere from $47 to $54. Not a bad trade. Technical Read More
Today’s hero becomes tomorrows zero.
I’ve referred to the market over the past few years as a “stealth” market. That is, one that sees money rotate from winning stocks into depressed stocks, and vice-versa. Rotation from sector to sector is also becoming faster and more pronounced of late. It is for this reason that I believe in truly active management Read More
Oil update
I noted a while back that I went long oil. Here is my closing paragraph on the blog- which outlined my target, and stop loss strategy: We view this as a seasonal trade at this juncture. Oil tends to be a good trade between February and May. Our commitment to holding oil much beyond Read More
Oil not there yet
Seasonally, WTI oil can be choppy into February. True to form, WTI has been trading sideways in a tight range since it broke out from a major point of technical resistance last November. Since that breakout, WTI crude seems to be trading in a range between $51 and $54.50. Daily momentum and moneyflow are trending Read More
CRAP stocks for sweet returns!
Let’s face it – stock market investing and economics can be a bit dry. For this reason, market pundits love to create acronyms. It’s fun to use clever sounding names for investment and economic themes. For example: FANG’s – this stands for the big 4 tech orientated stocks, namely Facebook, Amazon, Netflix, Google. BRIC’s Read More
Oil pulling back to “Buy” zone
Oil / energy is reaching an attractive entry price point again. At ValueTrend, we’ve been looking for a pullback on oil into the $45 zone to increase our exposure to energy. We had a certain level of confidence that it would do so as oil came into its second seasonal buy period – the first Read More
Nat gas looks ready to “pop”
Today’s chart is an updated one of Nat Gas that I used on a blog way back in 2013—I kept my notations on the chart from that date. I showed readers that gas had completed a H&S bottom, tested its neckline, and looked ripe to move back to its old technical resistance levels of $5 Read More
Markets may experience a 20% correction this year
January ended with a loss of 64 points on the S&P 500 in 2014 –and last month was no different with a loss of 66 points. Theoretically, January is supposed to indicate how the rest of the year will go. The Stock Trader’s Almanac notes that as a barometer, January has been a pretty Read More