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Thread: when will commodities turn?

  1. #21
    alevin Guest
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    Default Re: when will commodities turn?

    That's one of the reasons I don't try to frontrun things, better to be a trend follower/momentum player-end up looking silly for getting caught flatfooted out of the market on the 90% updays instead.
    Last edited by alevin; 06-24-2009 at 05:00 AM. Reason: clarification

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  3. #22

    Join Date
    Jan 2009
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    Upstate NY
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    Default Re: when will commodities turn?

    I haven't forgotten about UGA, but been watching for a few months now.

    UGA, pivot point around 35.77 off a 4 week base. Base isn't tight enough to qualify as a cup and handle, but volume has dried up in textbook fashion during the basing period. Support at 10 WMA, watching for a break of 35.77-36 on volume.

    Might be worth another shot when oil makes another run at a higher high.

    -----------

    Nenner was on Bloomberg radio two weeks ago. He basically said opportunities are very limited at this point on the buy side. Hey I was thinking. The title of this thread will soon be asking when will commodities turn down?
    Last edited by Bullitt; 08-28-2009 at 12:13 AM. Reason: Forgot to mention Nenner
    "Don't let your highs get too high and don't let your lows get too low." Bullittís Market Blog

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  5. #23

    Join Date
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    Default Re: when will commodities turn?

    Interview with Charles Nenner on HedgeFundRadio. Scroll to the bottom of this link.

    http://www.madhedgefundtrader.com/Hedge_Fund_Radio.html
    "Don't let your highs get too high and don't let your lows get too low." Bullittís Market Blog

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  7. #24

    Join Date
    Dec 2007
    Posts
    906

    Default Re: when will commodities turn?

    Always entertaining, that Nenner.

    I listened without taking notes so I may have to relisten to confirm, but it sounds like he says:

    - Stocks will peak after 1st week in Jan 2010.
    - Nat Gas's recent run will peak at the end of December
    - The dollar will peak in Feb 2010
    - Commodities look better in 2010, as does the euro & yen.
    - Interestingly, gold will also peak with the dollar ($1240 or in Feb), which doesn't sound right.

    I wasn't too impressed with his call last spring.
    -- Tom | My Trades

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  9. #25

    Join Date
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    Default Re: when will commodities turn?

    Additional thoughts from Nenner. Basically a recap of his major themes. Great call on Gold.

    At the Friday close, technical analyst to the hedge fund stars, Charles Nenner, put out his long awaited sell signal on the S&P 500, with the marketís definitive break of the crucial 1,125 support level. From here you sell into the rallies.
    http://blogs.forbes.com/streettalk/2...ls-market-top/
    "Don't let your highs get too high and don't let your lows get too low." Bullittís Market Blog

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  11. #26

    Join Date
    Dec 2007
    Posts
    906

    Default Re: when will commodities turn?

    Thanks! I thought Nenner sold in October? Maybe he did, but he's now making it official for his clients. I guess if I just read it I might find the answer.
    -- Tom | My Trades

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