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Are the markets moving in an orderly fashion?

January 21, 2016

Cory discusses the question of “Are the markets moving orderly” with Chris Temple and Doc. As we see markets around the world continue to move down we are not seeing the panic that one might expect. This could very well be what the central banks around the world prefer.

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Discussion
24 Comments
    Jan 21, 2016 21:03 AM

    XOP hit 22 yesterday and now it is 25.40. Has come down from 56 only 8 months ago.

      Jan 21, 2016 21:07 AM

      I’ve recently been going in and adding to my list of companies on my Oil watchlist by dissecting the holdings inside XOP. I’ve grown my list of individual oil-related companies by going into XOP, OIH, and XLE and looking for the pearls in the oyster.

        Jan 21, 2016 21:15 AM

        However, many of the unique Canadian companies I’m researching were found by perusing the BNN commodity shows the last few months. There are some very interesting Oil babies that were thrown out with the crude bathwater in this sell-off. Building the 2016 shopping list.

          Jan 21, 2016 21:58 PM

          It requires hard work. I would stick with the big dividends players if selecting individual companies. BP and Shell have gigantic dividends and about the most solid oil companies.

            Jan 21, 2016 21:03 PM

            BP just got approved to supply jet fuel in India after years of trying to get in. I think it is becoming the 3rd largest aviation fuel market.

    Jan 21, 2016 21:25 AM

    Yesterday was a big day in the global markets at the end of the day. The emerging markets and global commodity ETFs did a Bull Hammer. That usually signifies a bottoming process. Well, today all of these instruments are up. I believe we have a bottom on most of this stuff. Look at EEM, EEMA,VNM,IDX and INXX.
    Even the 3Xers. EDC,RUSL and YINN.
    The commodities, COPX,WOOD,SLX,URA and CGW.

    It looks like the coming fall of the US stock exchange and the fall of the dollar will be the rise of the emerging markets.

    The bottom is in on this stuff as of yesterday….! The Bull Hammer was not coincidence.
    http://www.investopedia.com/terms/h/hammer.asp

      Jan 21, 2016 21:02 AM

      Chartster……….thanks for the update….

        Jan 21, 2016 21:25 AM

        You betcha, Claw…

      Jan 21, 2016 21:10 AM

      Chartster, I wanted to thank you again. I posted you some more comments on yesterday’s Doc Blog, and a few different references to your hammer discussion on today’s Rick blog. There as even a telling hammer on the Loonie chart Matthew posted yesterday and I had hammers on my mind. Much appreciated Chartster!

        Jan 21, 2016 21:20 AM

        Yes, thanks man. I was looking for the hammer to happen. But I blew me away when it happened at the same time with so many instruments. Right then, I knew we had a bottom.

      Jan 21, 2016 21:21 PM

      So far it is looking like an oversold bounce, nothing more. I am still looking for a better bottom around 1/28 time frame. But of course, I am very often wrong…..

    Jan 21, 2016 21:31 AM

    For Tuesday morning the morning braced for the end of the world and herd mentality prevailed. I felt a drop below August would likely be 2 percent or so to hook last minute bears and here we are. Nobody believes this rally, yet which likely means more rally with intraday air pockets as long as CNBC keeps talking the market down. This will end badly but not according to the market pundits script. Any fireworks with Saudis and or Iranians would be the ultimate catalyst for oil, which intern drive conventional markets to erase all of January losses

    Jan 21, 2016 21:11 AM

    Which of Europe’s Piigs Might Fly
    How investors should play the eurozone’s most-troubled economies

    http://www.wsj.com/articles/which-of-europes-piigs-might-fly-1452482740?mod=yahoo_hs

    Jan 21, 2016 21:19 AM

    Elevensies: For those of you that live on the West Coast, you have been watching the $1100 @ 11:00 knife fight

    bb
    Jan 21, 2016 21:23 AM

    Last night on the “Daily Show” the topic was the economic “meltdown”.
    They discussed a few things, (usual stuff) then began on gold, I hadnt seen this on msm (other than attacks) before so naturally my ears perked up.
    They brought out the graphs and charts..they brought out an actor suggesting gold is great (couldnt believe what I was seeing at that point) they compared it to the s&p, were suggesting bullion no less, (gasp) until…they compared gold to ……. Lego..
    LOL, Lego has blown the socks off gold for years.
    I cracked up, and understood, they still saying gold is crap.

    Too funny, but for them to actually talk about gold,(bullion no less) the PTB have got to be noticing people have begun to take an interest in gold.

    Kinda made me go hmmmm.

    Jan 21, 2016 21:42 AM

    Looks like the PTB decided to give Mark the day off today. 🙂

    Jan 21, 2016 21:15 PM

    ..Oh Ebolan…, that was a good chuckle…

    Jan 21, 2016 21:48 PM

    George Soros has just let it known that he has shorted the S&P 500 and gone long treasurys – that sort of info is bound to have an affect on the markets surely?

      Jan 21, 2016 21:29 PM

      Bob..I can understand hi shorting the S&P…But going long treasury’s, perhaps the Fed have promised to cover his losses, just to lead the markets.