ISO, re Crude and the Hourly HUI...
Crude charts give me the feeling that the channels' momentum has been lost and that the underlying trend is really down, though price is subject to support from geopolitical events on a short term and recurring basis...Objective would be to $35...
Momentum on Gallermore's chart for Crude is currently quite negative with a low, yet floundering, trend indicator..says lower....Overall commods continue a drift to a 265 target on the CRB...Metals have mildly positive trend indicators but poor momentum...What's with copper??? Dollar's indicators better than the metals... Took profits on PD position and sold half of CNX, today...
20% Metals and miners, 32% energy, 7% misc. 40% cash.
Gallemore's charts
chartingyourfutures.com
HUI hourly holding firm but the lackluster volume renders everything suspect. Obviously the difference of a quarter point hike in the FED Funds rate will have profound effects...or at least that's what we're lead to believe.....
stockcharts.com[h,a]eacayiay[d40][pf][vc60][iup14,3,3!ue12,26,9!ll14!lb14!lya7,14,28][J32315366,Y]&pref=G
One little winner in the cosmetic surgery space....ILE, bought at $9.65, yesterday...
stockcharts.com[h,a]eacayiay[d40][pf][vc60][iUp14,3,3!Ue12,26,9!Ll14!Lb14!Lya7,14,28]&pref=G
Otherwise, it's like watching the paint dry....and a bit discouraging as my particular energy deployment is lagging leadership.
Why does 40% cash seems so little...??? |
