Chart of the Day: Copper Holds Longstanding Support
Copper tested and held a multi-month uptrend support line yesterday, but if that level near $2.10 is materially violated it could be forecasting a further slowdown in an already very sluggish global growth rate.
Chart of the Day: Natural Gas Rally
Since we recommended getting long natural gas on September 21st, futures have rallied more than 17% trough-to-peak and we believe there is still more room to run to the upside in both the near and longer terms.
Election Investing, Stock Market Sweet Spot & Bonds Italian (Video)
Another episode with Tom Essaye and Adam Johnson on Market’s Bell discussing: Election Investing, Stock Market Sweet Spot & Bonds Italian Style.
Chart of the Day: Dow Transports Threaten to Breakout
Dow Theory has been bearish since July of 2015 however, the Transports are threatening to confirm a bullish signal in the DJIA from earlier in the year which would shift the historically accurate indicator back in favor of the bulls.
Chart of the Day: Dollar Touches 7-Month High
The dollar index broke out to levels not seen since early March yesterday as investors continue to price in a December rate hike.
Chart of the Day: Putin Pushes Crude Futures to 1-Year High
The global benchmark, Brent crude oil futures rallied to a one year high yesterday on the back of bullish comments from Russian President Vladimir Putin as the speculative, “production-cap rally” continues.
The Rotation Out of Tech Continues
/in Investing, Reports/by Tom EssayeWhat’s in Today’s Report: The Rotation Out of Tech Continues