Richmond Fed Truck sales still in an uptrend, yet testing the trend line from the recession low. Richmond Fed Manufacturing expanding after a false breakdown. Richmond Fed Services doing well. Richmond Fed Expenditures and Disposable Income growing. Richmond Fed Hours worked keeps on rising. The US economy may not be growing at rate that is […]
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US Economic Update
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Toronto Stock Exchange Outperforming US Indices
With no growth in Canada, in fact negative growth at periods, why would the TSX be outperforming the US indices? If you have read a number of my previous posts I think you might be able to guess my reasoning. www.stockcharts.com www.stockcharts.com
Read moreI have been posting a lot on oil lately here, here, here, here, here, here, here, here and here (not necessarily in order) over the last month or so. Crude oil has been a big part of my career. One reason I am still bullish on crude, besides all the other posts is that I do not […]
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Elliott Wave Count – Oil
As a geologist and former investment advisor as well as corporate finance associate for a Canadian investment house that financed resource exploration I have a big interest and fascination with the commodities market. In a few previous posts I have discussed the Elliott Wave count for oil, here (my count) and here (someone elses count). It appears I […]
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Crude Oil – Where is the Bottom?
I had expected the bottom to be in the $41-42 range as stated here, here, here and here and the next few days will determine if I am wrong or lucky. However, I want to post a chart from a newsletter I read that was posted back in January that has appeared to be quite accurate so far. His […]
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Current Oil Rally Fibonacci Levels
If I have the rally correct in my oil price forecast and my current oil price chart then oil should bounce off the 61.8% retracement level. www.stockcharts.com
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Canadian Exports
This map shows what the largest export good is for each nation in the world. Most people think of Canada as a resource nation, but it’s actually autoparts that is the largest export. Business Insider
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Oil Price Chart
The chart was originally created by Matthew Frailey of Break Point Trades in his commodity chart newsletter. I added a little to it as it seemed to match with the projections I made based on Elliott Wave Theory, seaonsonal and fundmental analysis (not all discussed or explained) in my Oil Price Forecast. Breakpoint Trades
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Canadian Stocks
I think the TSX is ready is going to outperform over the next year. www.stockcharts.com
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Crude Oil Chart
www.cmegroup.com No Fed hike. Loose monetary policy, scared PhD’s, bombastic candidates globally. Hmmm..isn’t that a buy commodities smoke signal? Not the rush out and buy bush fire signal, but oil barely broke down on Brexit. Could oil be worth more than paper?
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