Entries by Peter Brandt

Some charts I am looking at now – June 16

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There are a few charts that really have my attention right now — although that does not necessarily mean I have a position or will enter a position in these markets. It does mean that I have a position or am looking at strategies to establish a position in these markets. First, Crude Oil. I have […]

Time to be short global commodity prices through ETFs

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A trade with a $10 to $1 reward/risk relationship  Major reversal patterns are predominant in all global commodity indexes. The ETFs offer a trading opportunity with a $10 to $1 reward/risk relationship. I will take these types of measured-risk trade set-ups all day long.  Background  As shown by the long-term CRB Index, global commodity prices […]

Copper bear market continues to unfold

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Silver is also setting up for a sell signal. I last commented on Copper in a June 1 post titled, “Major chart top in Copper – Target is 360.” The bear flag identified in that post appears poised for completion. A move and close below the June 2 low of 403.25 (July contract) would put […]

July Soybeans — A Chart Lesson

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The chart of July Soybeans is very instructive for traders using classical charting principles (Edwards and Magee or Schbacker). As a starting point, no two classical chartists may label a chart in the same way. And even if some classical chartists agree as to pattern identification, it does not mean that: The pattern will be […]

Silver: Going According to the Script – DOWN!

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The markets  whip me around often enough that I will take credit when I make a correct call…and my next call for Silver is DOWN. Every once in a while a trader gets “in-step” with a market. And when that happens, a trader needs to ride that horse until the first time the horse bucks […]

Japanese Meltdown — Stock Indexes are Looking Radioactive

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Major Japanese stock indexes are on the edge of the cliff The charts of the major stock indexes in Japan are on the edge of the cliff. The Topix, iShares MSCI Japan Index Fund and Nikkei Dow are at critical support levels. Traders with Japanese exposure should watch these support levels carefully. A penetration below these […]