All Posts Tagged With: "Commodities"
Apple Investors the Bear has Commodities in its Teeth
The conventional wisdom says that so long as Oil is breaking down, that’s got to be great for the rest of the economy. Right? I mean Oil is heading for double digits. That’s got to mean lowered inflation, easing at the gas pump, and more affordable home heating oil, especially with the colder months approaching. [...]
3Sep2008 | Zach Bass | Comments | Continued
Apple and Markets Breaking Down as Commodities Rollover
Commodities have rolled over today evidenced by the Agriculture Fund DBA which lost its 200-Day moving average on Friday, then fell like a knife today through critical support at 34.80, to end the session down 1.84 (5.13%) to 34.05. Agi wasn’t the only victim, our nemesis Oil fell briefly below 120 to 119.50 after tropical [...]
4Aug2008 | Zach Bass | Comments | Continued
Commodities are Dead, Long Live Commodities
Commodities have taken a one two punch off their highs. Take for example the Morgan Stanley Commodity Related Equity Index (CRX), it has dropped nearly 5% off the top of its high, and similarly Potash (POT) down over 10% the past two days, even the AMEX Oil Index (XOI) has begun to freefall. When you [...]
25Apr2008 | Zach Bass | Comments | Continued
