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Technical Analysis with chessNwine

chessNwine
Full-time stock trader. Follow me here and on 12631
Joined Apr 1, 2010
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Inflation Trade Knocking at the Door

chessNwine Thu Jun 19, 2014 11:23am EST 4 Comments

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To update previous analysis, note premier silver miner Silver Wheaton as well as the crude oil ETF continue to frustrate range-traders and faders who have enjoyed great success shorting rallies in these names for years now.

This is typically a very bullish sign, to see signs of an emerging rally which becomes and stays overbought for quite some time.

We have certainly seen signs of rotation into “inflation trade” types of stocks and sectors, which I have highlighted. Let’s see if the rotation has legs, into steels, ags, even coals, etc…

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SLW

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USO

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4 comments

  1. THE_WOLF
    THE_WOLF
    June 19, 2014 at 11:33 am

    i hear another knock,…..
    i think golds banging at door #1300 ; )

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  2. Bruce J Keller
    Bruce J Keller
    June 19, 2014 at 11:49 am

    I sold my NUGT and JNUG today when NUGT was at 41.60 and JNUG at 27.50, crap. Oh well, they expire tomorrow and at least I had the nerve to ride them up from Monday / Tuesday. Still. Need to set a stop! Argh!

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  3. Anthony Brown
    Anthony Brown
    June 19, 2014 at 1:41 pm

    MOS looking hot here.

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