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🦃TRENDS ARE LIKE TRAINS! Day & Week 100ma's are the tracks. Big picture charts here=====>nitter.gq/piptrain/media
#Commodities 👎#GlobalRecession ⚠️#IsraelsWar ☢️ #RussiasWar ☢️#TradeWar ☢️#USDbull 💲#BRICS 🇮🇳 #Austerity 🇺🇸🇬🇧
⬇️ $DBA WASDE report next.
Reminder, glut watch in CORN WHEAT SOY
as DEMAND 📉
Like nov 2018.
#Commodities 👎
⬇️ $DBA
ICYMI, the INFLATION TRADE IS OFFICIALLY OVER now.
Oversupply and weak demand.
#Commodities 👎
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📣 $XOP BULLS FAILED THREE TIMES TO BREAKOUT OF 2018 HIGH.
DURING A MIDDLE EAST WAR AND HIGH OIL PRICES.
UGLY.
#ENERGY 👎
🤑 FALSE BREAKOUTS are my bread and butter, amigas. September has been glorious, so far.
now, look at $XOP ..
pretty much all the inflationistas have unfollowed me now, just as these markets rollover.
i tried to help them.
#Commodities 👎
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🦃⬇️ USOIL < Day 100ma. and sub Oct 7, 2023 High $90.
remember, USOIL fell -42% after 2018 midterm elections.
THE NARRATIVES HAVE CHANGED.
got BONDS? 🎈
#Commodities 👎🦃
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⬇️ COPPER
Stock-Puppet Copper and Rollover Cycles
Managed-money net-longs in CME-traded copper (HG1) have started selling and may not be done until net-short, if history is a guide. At about 10% of open interest on Nov. 6, hedge-fund positions in the metal appear in early days of liquidating from the longest sustained period above 25% net-long in about a decade.
Full report on the Bloomberg here: blinks.bloomberg.com/news/st… {BI COMD}
#copper #stocks #futures #ETF @BBGIntelligence
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🟥 $ARGT -19% this year..
I thought milei was the libertarian savior?
Argentina's austerity-hit economy reels towards recession, testing Milei ahead of 2027 vote reut.rs/4ijLq4Y
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📣 BONDS bottomed with 2018 midterm elections.
📣COMMODITIES topped with 2018 midterm elections.
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DOLLAR HOLLER
CAD BAD
Com dolls are ☠️
#Commodities 👎
Canada Net Change in Employment Oct: -4.7K (est 15.0K; prev -68.3K)
- Unemployment Rate: 6.7% (est 6.5%; prev 6.5%)
- Full-Time Employment Change: -18.1K (prev -35.4K)
- Part-Time Employment Change: 13.4K (prev -32.9K)
- Participaction Rate: 64.8% (est 64.8%; prev 64.8%)
- Hourly Wage Rate Permanent Employees: 2.0% (est 2.1%; prev 2.3%)
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PipTra!n retweeted
The biggest single-day market cap loss in the history of the Nasdaq. 👇🏼
wsj.com/finance/stocks/wall-…
Add HOUSING to the list of things heading into GLUT status. 🚨
The U.S. housing shortage is officially over.
In fact, listings in the South and West of the U.S. are now 15% above their pre-pandemic norm.
These areas, dominated by states such as FL, TX, TN, NV, AZ, CO, and WA, are now entering an era of a housing surplus. (especially considering sales have collapsed 30% from pre-pandemic).
However, there is still a shortage in the Midwest and Northeast.
These regions are down -24% and -36% on inventory, respectively, from October 2019 levels.
Indicating just how bifurcated this martket is right now. Some markets are already well into a correction, others are still far off.
To see today's inventory trends in your area, search now on Reventure: reventure.app/map/B2iwsyo0yi
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⬇️ everybody and their aunt sally is long COPPER.
COPPER price topped in September. already -10% since then. COPPER was a bubble, amigas.
bulls stops are sub $6.
lets get it.
#Commodities 👎
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