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Chart to Watch - Live Cattle

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We've asked our friend Jim Robinson of profittrading.com to provide his expert analysis of charts to our readers. Each week he'll be be analyzing a different chart using the Trade Triangles and his experience.

Today he is going to take a look at the technical picture of October Live Cattle. (CME_LE.V13.E).

This week let's take a look at October Live Cattle futures.

When trading futures with the MarketClub system, we use the weekly MarketClub Trade Triangle to tell trend and the daily MarketClub Trade Triangle to time the trades.

Right now all three MarketClub Trade Triangles, monthly, weekly, and daily are pointing up which gives us the advantage of also having the monthly Trade Triangle pointing up, which is added confirmation that odds are with higher prices for Live Cattle right now. Continue reading "Chart to Watch - Live Cattle" →

Momentum: By Definition it is Hard to Stop

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Momentum:

  1. the quantity of motion of a moving body, measured as a product of its mass and velocity.
  2. the impetus and driving force gained by the development of a process or course of events.

People trying to manage trend changes are by definition fighting momentum, which feeds on an established trend with powerful force.  A premium service I use and otherwise depend upon for analysis of conventional US stocks and sectors (i.e. non-precious metals, non-resources, non-global), [XYZ Premium, name omitted due to wider publication], provided a chart yesterday showing the S&P 500’s breakout to all time highs noting "And to think there are still people calling this a cyclical bull within a long-term secular bear market!" Continue reading "Momentum: By Definition it is Hard to Stop" →

As Argentina Backpedals, Will Oil and Gas Companies Step on the Gas?

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The Energy Report: How is the news that Argentina holds the fourth-largest shale oil reserve in the world affecting business plans for companies that operate there?

Bill Newman: The U.S. Energy Information Administration (EIA) report that was released in June 2013 showed that Argentina has a technically recoverable shale oil resource of 27 billion barrels, so it reaffirms the large potential of Argentina. Although the shales plays are in an early stage of appraisal, we don't believe the potential of the shale is the key issue for oil and gas companies investing in Argentina. The political risk is still the chief concern. However, this year the government started to move away from its nationalist policies, so we think the political climate is slowly improving.

TER: When we talked last year, Argentina had recently expropriated the assets of Yacimientos Petrolferos Fiscales (YPF:NYSE) (YPF) from Spain's Repsol (REP:MC) without compensation. And the government temporarily froze the Argentinean assets of Chevron Corp. (CVX:NYSE) in response to a $19 billion ($19B) judgment in Ecuador. Has the danger of nationalization of foreign owned oil and gas assets receded or increased? Continue reading "As Argentina Backpedals, Will Oil and Gas Companies Step on the Gas?" →

Finding Bargains Down Under

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The Gold Report: You recently said that this is your fourth cycle in a commodity sector in your 40-year career. Where are we in this current cycle, and how do you determine that?

Rick Rule: The bottom is usually marked by a two- or three-week period of capitulation selling followed by a standoff, where both the buyers and the sellers are exhausted. We haven't seen that yet. We've had two or three different periods with a couple of days of capitulation selling but not a two-week period as we saw in 2000.

I wouldn't be surprised if the downturn was four years, which suggests we have a year and a half to two years before we clean out the excesses. The junior sector is substantially overpopulated with companies, managers and agents. There needs to be a major cleansing over the next 18 months.

TGR: Will it be more cleansing or more mergers and acquisitions? Continue reading "Finding Bargains Down Under" →

Chart to Watch - SWKS

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We've asked our friend Jim Robinson of profittrading.com to provide his expert analysis of charts to our readers. Each week he'll be be analyzing a different chart using the Trade Triangles and his experience.

Today he is going to take a look at the technical picture of Skyworks Solutions Inc. (NASDAQ_SWKS).

I hope you are having a GREAT week !!!

This week let's take a look at the monthly stock chart of SWKS.

When trading stocks with the MarketClub system we use the monthly MarketClub Trade Triangle to tell trend and the weekly MarketClub Trade triangle to time the trade. Continue reading "Chart to Watch - SWKS" →