Basic resource stocks continue their strong rally, breaking a 9-year downtrend. We have mentioned on many occasions the recent relative strength shown by stocks…
Tagged $FCX
Rally In Basic Resource Stocks May Get Rocky
Basic resource stocks have been on a tear this year – but they are testing major resistance right now. It’s no secret that resource stocks…
Will Headwinds Put A Roof On Copper Rally?
Copper prices have been red-hot, but the rally may encounter some challenges here. Of the myriad of markets to scream higher in the week since…
Rally In High Beta Gets Back On Track
As with several other key sectors, the action in high beta stocks the past few days suggests a successful test of its early April breakout…
High Beta Stocks Losing Their Momo
High beta stocks recently hit a wall of resistance – and lost. The theme of many of our equity posts over the past 2-3 weeks…