‘Copper’ Archive

Fed pumping not having success here!

crudecopperfedpumpingbreakingsupportaug13

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Rumor has it that the Fed has been pumping money into the economy, hoping to get some growth and inflate a few different assets.

The two charts above look at Crude Oil and Copper, going back 20-years for each asset.

Some will say that stocks are near all-time highs due …

Google creates topping pattern like 2007, same results again?

joefridaygooglereversalpatternmarketpeakjuly24

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Google rallied strongly from 2005 until 2007, gaining over 100% in this short time frame. In 2007, it created a reversal pattern (bearish wick) at (1), which ended up being an important high. After that reversal pattern, Google and the S&P 500 were both cut in half.

Of late Googles …

Life could get cheaper if these break support!

bigpicturepic

A Big Picture signal could be coming from products most of use on a daily basis!

The 4-pack below looks at Crude Oil, Coffee, Copper and Cattle.

crudecoffeecoppercattelsupporttestjuly14CLICK ON CHART TO ENLARGE

Crude Oil broke below a support line that had been in place for the past 7-years. Of late it kissed the underside of …