JNK Relief Rally Possible Short-Term, But More Pain Probably Lies Ahead Medium- To Long-Term

posted in: Commodities, Credit, Equities, Technicals | 0

One look at Chart 1, and it is hard to notice a significant change in momentum behind the U.S. high-yield debt market.  Through July, issuance totaled $188.4 billion.  Annualized, 2015 is on track to issuing north of $300 billion – … Continued

Resistance difficult to break through, WTI probably wants to go lower at least N/T

North American oil rig count drops 37 percent in four months Historically, oil inventory has tended to peak well after peak in rig count WTI unable to take out $53.50-$54 resistance; near-term, path of least resistance down One of the … Continued

Breakout or fake-out? To find out, oil needs to retreat and find support at 47

Signs late last week WTI itching to move higher play out perfectly Oil as much a physical commodity as it is for investment/speculative purposes After 20-plus-percent move in four sessions, healthy if it retreats and finds support at 47 Some … Continued