Commodities Countdown

Finding Strong Stocks With Industry Chartlists

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Another week where the commodities can't get rolling. Steel was in the news all week with the tariff announcement but the industry group was down 1.5%. Aluminum was part of the tariffs, and was up 4.2%. Gold forgot to rally again. 

Coal continues to smoulder with some warm ash, up 2.5%. Perhaps thats on the back of more steel and aluminum processing under the tariffs. Oil and oil services are up 1.3 to 1.5%. Well, that's a little lift, it is not enough to reverse a lot of the technical damage. 

The Renewables had a great week up 4%.


Here is a video I recorded on working with Industry Chartlists. It should really help get things clarified on working and reworking industry lists.

working-with-industry-chartlists-schnell-commodities from StockCharts.com on Vimeo.

Good trading,
Greg Schnell, CMT, MFTA

Greg Schnell
About the author: , CMT, is a Senior Technical Analyst at StockCharts.com specializing in intermarket and commodities analysis. Based in Calgary, he is a board member of the Canadian Society of Technical Analysts (CSTA) and the chairman of the CSTA Calgary chapter. He is also the author of Stock Charts for Dummies (Wiley, 2018). Learn More
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