Oil Nearing Resistance But Stocks Lagging – Sounds Like A Lot Of Commodities
Chris Vermeulen, Founder of The Technical Traders shares his thoughts on the energy markets, including oil and natural gas. As oil nears resistance we could see a short term pullback but overall the continuation of a range bound market. The stocks continue to lag which sure sounds like a lot of other commodities…
Click here to visit the Technical Traders website and follow along with Chris’s calls.
Is a BUY…….long term……
Yes, Platinum will get re-rated in relation to Palladium and to Gold in a return to the mean.
This is it vix on tom demark 5 count down and /ES at 2892 target area…within several days we should a key reversal candle for intermediate top and a short
Jim Willie is mistaken about the port of Genoa (Genova)
It was,indeed, bought by China, but is on the Italian Riviera near France.
It has great Rail/road infrastructure to Italy’s industrial center of Milan and Turin, and even good rail structure through to Northern Spain. (Barcelona)
The rails actually separate the town of Genoa from the Port, being (from memory) 4 lines wide on each of two levels.
Report: Pilots In Doomed Plane Followed Emergency Steps
By The Associated Press – Associated Press – 34 minutes ago
Pilots of an airliner that crashed last month in Ethiopia initially followed Boeing’s emergency steps for dealing with a sudden downturn of the nose of their plane but could not regain control, according to a published report.
The Wall Street Journal reported Wednesday that pilots of the Ethiopian Airlines Boeing 737 Max turned off a flight-control system but still couldn’t get the plane to climb. They turned the system back on and tried other actions before the plane crashed, the paper said, citing people familiar with preliminary findings of the crash investigation.
In a statement, Boeing urged against speculating before the preliminary report and flight data from the plane are released.
The Journal says the pilots’ actions are still being evaluated by investigators but could raise questions about assertions made by Boeing and U.S. regulators in the aftermath of another Max crash in October that pilots could regain control simply by following steps to turn off a specific anti-stall system.
Investigators are examining the crashes that killed all 346 aboard the 737 Max 8 jets operated by Indonesia’s Lion Air and Ethiopian Airlines, including the role of a flight-control system called MCAS, which under some circumstances could automatically turn the plane’s nose down to prevent an aerodynamic stall.
The Journal reported that data downloaded from the plane’s so-called black boxes indicates that the Ethiopian Airlines pilots followed recommendations to flip two switches that disconnected the system, but the plane kept sinking. They turned a manual wheel that adjusts the plane’s tail, and used electric switches in an effort to climb, but that reactivated MCAS, which continued to push the plane’s nose lower.
Ethiopian investigators are expected to release their preliminary findings in the next few days.
So should investors short Boeing in case it’s shareprice also does a nosedive?