CEO Technician
10 year veteran trader & portfolio manager focused on US/Canadian equities, precious metals futures, US Treasury bond futures, and foreign currency utilizing a technical approach with a deep macro-market understanding.
Articles by CEO
POSTED ON April 09, 2015 BY CEO Technician

Yesterday my good friend and noted market technician J.C. Parets made a major shift in his position on Treasury Bonds and the potential future direction of interest rates: While it is just a trade with highly attractive potential reward relative to risk, a couple of charts that J.C. sent along this morning highlight the potential… Continue Reading

POSTED ON April 08, 2015 BY CEO Technician

Via Energy and Gold.com: After suffering through what have arguably been the most challenging few years in the company’s history, Barrick (ABX) investors may finally be ready to profit from a sustainable turnaround in the company’s fortunes. ABX has right sized its cost structure and begun to focus on its largest and most profitable mines… Continue Reading

POSTED ON April 07, 2015 BY CEO Technician

Via Energy and Gold.com: Daily commodity chart wrap 4/7/2015…   WTI Crude Oil (Daily) WTI tested the $54 resistance level today. While this is at least the 3rd time this level has been tested during 2015, it is the first time since February so some pause/pullback is to be expected before a decisive breakout takes… Continue Reading

POSTED ON April 07, 2015 BY CEO Technician

Via Energy and Gold.com: There has been a lot of talk in recent weeks about when the Fed will begin to raise interest rates. We have remained of the opinion that while the Fed may initiate a one-off symbolic rate hike at some point in the next year, a rate hiking cycle is still at… Continue Reading

POSTED ON April 06, 2015 BY CEO Technician

Via Energy and Gold.com: Gold managed to close above its 50-day simple moving average for the first time since February, however, the shooting star candlestick outside the upper Bollinger Band should serve to give bulls some pause: The rally stopped just short of the 50% retracement level of the entire January-March decline. $1200-$1205 now becomes… Continue Reading

POSTED ON April 05, 2015 BY CEO Technician

Via Energy and Gold.com: The Dow Transports led the equity market breakout in January 2013 and this sector has undoubtedly been one of the primary leaders of the rally since; nearly doubling in the 2 years between November 2012 and November 2014. However, since posting an all-time high at 9310 on November 28th, 2014 the Transports… Continue Reading

POSTED ON April 04, 2015 BY CEO Technician

Via Energy and Gold.com: With the release of the March non-farm payrolls report it has become plainly evident that the US economy has not reached ‘escape velocity’ regardless of what the perma-bulls might lead us to believe. Equity futures responded by spilling nearly 1% in the minutes following the release setting up a ‘Manic Monday’… Continue Reading

POSTED ON April 03, 2015 BY CEO Technician

Via Energy and Gold.com: For most of my adult life I have been a social drinker who has experienced infrequent occasions of binge drinking. Some of the binge drink occasions ended quite disastrously as they usually do, however, still it was not enough to cause me to permanently put down a drink. That was until… Continue Reading

POSTED ON April 02, 2015 BY CEO Technician

Via Energy and Gold.com: On Tuesday we highlighted a powerful long trade setup in the GDX and yesterday the goldies rallied 5.32%. This morning we are seeing a little profit taking ahead of a big resistance level near $20: From my vantage point the downtrend line drawn from the January high is highly significant – a… Continue Reading

POSTED ON April 01, 2015 BY CEO Technician

Via Energy and Gold.com: As illustrated by the following 2 graphics US equity investors have gone from greed to fear in exactly one month despite a relatively small movement in the market (3% in the S&P 500):   While the recent price action, flattening moving averages, and spike in volatility is consistent with a topping… Continue Reading

POSTED ON March 31, 2015 BY CEO Technician

Via Energy and Gold.com: Gold miners as represented by the GDX are threatening to fall for the 6th consecutive trading session after they were once again repelled near the $20 support/resistance level: A fun fact is that even during the gold mining bear market of the past 3 years the GDX has only fallen for… Continue Reading

POSTED ON March 27, 2015 BY CEO Technician

Via Energy and Gold.com: US equities have come under heavy pressure this week after the small-cap Russell 2000 post yet another all-time high last week. There are more than a few signs that all is not well for equities, however, the situation is not yet dire: The recent uptrend in IWM is currently being tested… Continue Reading

POSTED ON March 26, 2015 BY CEO Technician

Via Energy and Gold.com: Howard Marks, the legendary founder of Oaktree Capital Management, is out with his latest quarterly memo and it is titled “Liquidity”. Marks offers us a treatise on liquidity in capital markets as he delves into the illusion of liquidity that many investors assign to mutual funds and ETFs. He also reviews the… Continue Reading

POSTED ON March 26, 2015 BY CEO Technician

Via Energy and Gold.com, Our partner site CEO.CA has brought forth a chat app called chat.ceo.ca which is revolutionizing the way that investors share news and discuss junior resource investments. Tommy Humphreys, co-founder of Energy and Gold.com and founder of CEO.CA, is the visionary behind chat.ceo.ca. Tommy saw the value in allowing investors to discuss… Continue Reading

POSTED ON March 25, 2015 BY CEO Technician

Daily Commodity Chart Wrap 3/25/2015: WTI Crude Oil (Daily) Front month crude oil futures rally as options implied volatility begins to collapse and the futures contango narrows. OVX (CBOE Crude Oil Volatility Index)  CME WTI Crude Oil futures curve Gold rallied for the 6th consecutive trading session. Meanwhile, the yellow metal is approaching an area… Continue Reading

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