No, that ship sailed a long time ago. The buy signal I had in Crude was down at 91! And EVERYONE is watching crude now. You'll see an oil bug on the corner of CNBC for weeks now. I would NOT be trading crude now.
The ACD Method
- Thread starter sbrowne126
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No, that ship sailed a long time ago. The buy signal I had in Crude was down at 91! And EVERYONE is watching crude now. You'll see an oil bug on the corner of CNBC for weeks now. I would NOT be trading crude now.
Not the ags.
What I'm looking at now is NOT obvious on the chart. That is what makes it so attractive. When things "break out" anyone can see that. There is also a LOT of noise around the breakout levels. This is where the number lines come in. To find value BEFORE others find it.
I'll give you guys a hint, it's related to China.
I'll give you guys a hint, it's related to China.
Uhhh, get long China?
If this is it, I 100% agree.
Quote from actionzip54:
Uhhh, get long China?
If this is it, I 100% agree.
It's hard to get long China directly, you have to play with the derivatives.
No, not copper. Although it caught a nice bid this month. Getting warmer though.
I mean I think there are several ways to do it, all would be via commodities. I don't think this is what you are looking for but to me I would be looking at the precious metals complex as the best way to do it. If I was looking for max returns I would be trading silver but I wouldn't be buying here right now.
Edit: After seeing the copper comment it might be what you're looking for us to say.
Looking at my number lines, I'd go with copper so if that is not quite it, perhaps an industrial metals ETF? Don't follow any, so I can't really say.
As a matter of fact, I was going to ask you for a China Consumer play, either discretionary or staples. Don't like CHIQ, too much auto in it. Growing middle class wanting all that middle class aspires to. They are overwhelming tourist spots, Thai Tourism Minister wants to make visas a bit more difficult for them because tourist spots here CANNOT COPE with the numbers. Got to be money in there somewhere.