How Is Dr. Copper Feeling?

By Louis James and Andrey Dashkov, Casey Research

Copper is sometimes referred to as "Dr. Copper," because the metal is used in so many industrial applications and is essential for many different sectors of the economy, from infrastructure to housing to consumer electronics. That usually makes its price action a good indicator of the state of the global economy.

The chart below illustrates the degree to which copper follows economic health – as opposed to gold, which is a traditionally a contra-cyclical commodity. Have a look. Continue reading "How Is Dr. Copper Feeling?"

Sector Updates

By Gary Tanashian

The NFTRH bullish stance (Dumb Money Sold in May and Went Away) from late May has proven correct.  I write that even as I confess to having had moments of doubt about my own analysis in a noisy June that saw US and global policy maker jawbones (and actions) going into hyper drive.

I had been responding to the Ticker Sense blogger sentiment poll (with respect to the market's status over the coming 30 days) as 'Biiwii, Bullish' for several weeks in a row until this week, when the response down-shifted to 'neutral' due to several gathering indicators that imply at least a short term top, coming soon.  I lean toward this being little more than a healthy correction in an overall constructive market for most of the balance of 2012.  That is just a 'lean' at this juncture.

But it is a lazy summer holiday week, and what better time to drop the nuts and bolts macro market analysis in favor of some simple sector updates?  This post will be uncharacteristically light by biiwii standards, which I think can sometimes feel like they are bashing readers over the head with hard core ratios and macro interpretations. Continue reading "Sector Updates"

Weekly Futures Recap w/Michael Seery

We’ve asked Michael Seery of SEERYFUTURES.COM an IB of Peregrine Financial Group to give our INO readers a weekly recap of the Futures market. He has been Senior Analyst for close to 15 years and has extensive knowledge of all of the commodity and option markets.

Michael frequently appears on multiple business networks including Bloomberg news, Fox Business, CNBC Worldwide, CNN Business, and Bloomberg TV. He is also a guest on First Business, which is a national and internationally syndicated business show. Continue reading "Weekly Futures Recap w/Michael Seery"

Which Course Will North American Natural Gas Producers Choose?

By Marin Katusa, Casey Research

News of a "monster" natural gas find in British Columbia has one again highlighted that North Americans need to make a choice. Do we want to keep the huge volumes of natural gas that have been discovered in recent years across the continent landlocked and transportable only by pipeline, or should we develop the infrastructure that will enable us to transport this fuel to the gas-hungry markets of Asia? Continue reading "Which Course Will North American Natural Gas Producers Choose?"

Some Thoughts On Oil And My Favorite Indicator: MACD

Today we’ve asked Tony Edwards to share his favorite indicator with our readers. Tony Edwards has been an active independent trader for nearly 20 years. He trades an extremely wide range of instruments with a special focus on YM, ES, 6E, CL and GC. He offers traders daily, unique support and resistance levels (“TraderSmarts Numbers”) as well as Live Trade Alerts via www.tradersmarts.net.

Today I thought I would talk about my favorite indicator, the MACD.

I could start by telling you what the MACD is (stands for Moving Average Convergence Divergence and plots 2 lines and a histogram. The MACD line, or the fast line, is the 12 day EMA - the 26 day EMA, the signal line, or slow line, is the 9 day EMA of the MACD line, and the MACD Histogram is the MACD line - the signal line) or who invented it (Gerald Appel in the late 1970's) but instead I am going to tell you how I use and interpret it. Continue reading "Some Thoughts On Oil And My Favorite Indicator: MACD"