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

Larry Williams on the Fed, Interest Rates &...

May 27, 2025

How to Trade MicroStrategy’s Painful Plunge: The Levels...

November 26, 2024

A Broad Market Bounceback or Bear Rally?

February 24, 2023

Cyclicals Continue To Help Broaden The Markets Out...

June 13, 2023

Economic Modern Family — Home for the Holidays,...

November 28, 2023

Catch BIGGER GAINS by Fishing for Alpha

February 12, 2024

Market is UP After 10% Correction; Is a...

November 7, 2023

GNG TV: Small But Mighty — “Go” Trend...

June 8, 2023

How You Can Reduce Risk and Improve Timing...

April 13, 2023

Wyckoff at Work in the Intraday Timeframe

June 3, 2024

    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

    • Week Ahead: NIFTY’s Behavior Against This Level Crucial As The Index Looks At Potential Resumption Of An Upmove

      June 7, 2025
    • FLASHBACK: Musk accused Trump, GOP leaders of not wanting to cut spending — here’s where they said they would

      June 7, 2025
    • ‘Right down the line’: Medicaid reform in ‘big, beautiful bill’ divides lawmakers by party

      June 7, 2025
    • FAST distribution and IA

      June 7, 2025
    • Why Independent Digital Platforms Are Gaining Ground Among UK Entrepreneurs

      June 7, 2025
    • Is Decentralisation the Future of Online Services in the UK?

      June 7, 2025

    Categories

    • Business (8,152)
    • Investing (2,019)
    • Politics (15,560)
    • Stocks (3,135)
    • 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