Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Stocks

Which Way Is Up?

by September 23, 2022
September 23, 2022
Which Way Is Up?

Wow, the selling continues. As the market absorbs the daily news of inflation, the market is a hard place to find ballast right now. I was on a presentation platform this week, and the person following my presentation was making 5 digits per month shorting stocks. The presentation went on to say that this will continue for a long time.

As the market tests the June lows, we’ll need to watch for the selling to expand.

I see critical shortages in energy and copper ahead, but that is further out than the front of our shoes so it is not soil we are walking on now.

For now, energy has a couple of big things going on:

1) A double top in Natural Gas for now:

2: A double top in oil occurred a while ago. With Friday’s price action we are getting close to unchanged on the year.

Oil and Natural gas make up a significant part of the $CRB index and it is cracking. The two year uptrend is cracking but other commodities are also getting wiped by the high USD and some government influenced buying/selling.

There is a lot of price action focused around the SPR supplying product into the market. As the drain of the Strategic Petroleum Reserve continues, we do not appear to be running on empty at any time soon. Chart below from the EIA. We appear to have used up about 1/3 of the maximum inventory back in 2010, and still have 2/3 in the system. However, the recent drop in inventories looks out of scale for the chart. Will that stop anytime soon or continue?

When will production catch up with demand, so that SPR withdrawals are not necessary? That still looks to be a distance away, and as oil prices come down, that stops capital being allocated. Oil is the hardest trade on the planet as it is a political football in every region. Trying to get the direction right is difficult. When will the Saudi’s cut production? Will the Russian barrels coming off the market be the force that changes the charts? Neither one of these has been a reason for the markets to rally yet. 

The charts outline some serious pressure on the commodities. As for the question in the title, Which Way Is Up? Well, it’s not ‘up’ towards commodities right now.

0
FacebookTwitterGoogle +Pinterest
previous post
Market Responds Bearish to the FOMC
next post
BREAKING: Congressman Matt Gaetz CLEARED – Prosecutors Recommend Against Charging Top Trump Ally

You may also like

Gold Is Doing Great!

May 17, 2024

Week Ahead: NIFTY Takes A Breather After Seven...

December 23, 2023

A Soft Inflation Number Sends Stock Markets Soaring

November 10, 2022

My Durable Advantage as an Investor is My...

May 23, 2025

Hot Jobs Data Sends Stock Market Seesawing, Ending...

January 5, 2024

Top 10 Charts to Watch, September 2023

September 5, 2023

Earnings Season in Full Swing: What You Can...

July 14, 2023

Investor Lessons from the World Cup in Qatar

December 21, 2022

Market Timing – Where are We Now?

October 19, 2022

Sector Rotation Back in Line

September 27, 2022

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • MARK HALPERIN: Democrats try to construct a Frankenstein candidate while JD Vance gains momentum for 2028

      June 6, 2025
    • ‘Gone too far’: GOP lawmakers rally around Trump after Musk raises Epstein allegations

      June 6, 2025
    • Democrats begin to embrace Musk amid Trump spat after party railed against him as a ‘dictator’

      June 6, 2025
    • Trump administration defends US and Israeli sovereignty with new sanctions against four ICC judges

      June 5, 2025
    • Musk unleashes wild Epstein claim against Trump after being booted from DOGE

      June 5, 2025
    • Three Charts Showing Proper Moving Average Alignment

      June 5, 2025

    Categories

    • Business (8,149)
    • Investing (2,011)
    • Politics (15,543)
    • Stocks (3,129)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved