Earlier this week, Mark Newton of Newton Advisors appeared on Real Vision to gives his take on whether we are close to finding a reversal point from this recent correction. Mark begins by pointing out that sentiment was pretty high for a majority of 2019, but those bullish feelings have come down quite a bit recently, […]
A Crude Correlation
Crude Oil fell nearly 7% last week, marking the worst weekly performance for the commodity so far in 2019. It was up an astounding 57% from the December 2018 lows in less than six months before topping out at the end of April around $66 per barrel. It’s now trading around $58, about 14% off […]
Crude Oil is Forming this Bullish Pattern
Crude Oil had a horrendous Q4 along with stocks in 2018 falling nearly 44% from the highs it hit in October. It’s now nearly 20% off the lows it hit around Christmas. It is on track for its best January in history and its best month since 2016. Despite this upbeat start to the year, […]
The Three Charts Louise Yamada is Watching
Louise Yamada is a legendary technician with nearly four decades of experience navigating markets. She was head of technical research at Smith Barney before starting her own shop, Louise Yamada Technical Research Advisors, LLC. Her work is highly respected among institutional investors and she’s often featured in various financial media outlets. Yesterday Louise made an […]
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