Energy & Commodities

Richard Wyckoff: Logic Not Working, This Maybe Why? Part II

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Posted by Readtheticker.com

on Friday, 30 December 2016 08:16

Screen Shot 2016-12-30 at 7.05.34 AMRichard Wyckoff - logic has rules, some folks like the short cuts, hence they wonder why their trade ends in a mess.

Previous Post: Richard Wyckoff logic not working, this maybe why?
Part 1

Investing Quote...

"Without specific, clear, and tested rules, speculators do not have any real chance of success." ~ Jesse Livermore

"If you have trouble imagining a 20% loss in the stock market, you shouldn't be in stocks." ~ John (Jack) Bogle

"The stock market is filled with individuals who know the price of everything, but the value of nothing." ~ Philip Fisher

"I buy on the assumption they could close the market the next day and not reopen it for five years" and "Much success can be attributed to inactivity. Most investors cannot resist the temptation to constantly buy and sell." ~ Warren Buffet

"My experience has been that in successful businesses and fund management companies, which performed well over the long-term, some courageous decisions were taken. Courageous fund managers reduce their positions when markets become frothy and accumulate equities when economic and social conditions are dire. They avoid the most popular sectors, which are therefore over-valued, and invest in neglected sectors because being neglected by investors they are by definition inexpensive. The point is that it is very hard and that it takes a lot of courage for a fund manager to avoid the most popular sectors and stocks and to invest in unloved assets. Finally, every investor understands the principle 'buy low and sell high', but when prices are low nobody wants to buy." ~ Marc Faber

More from RTT Tv


Energy & Commodities

U.S. Shale Is Now Cash Flow Neutral

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Posted by Oilprice.com

on Friday, 23 December 2016 06:53

Oil prices are probably already high enough to spark a rebound in shale production.

The IEA says that in the third quarter of 2016, the U.S. shale industry became cash flow neutral for the first time ever. That isn’t a typo. For years, the drilling boom was done with a lot of debt, and the revenues earned from steadily higher levels of output were not enough to cover the cost of drilling, even when oil prices traded above $100 per barrel in the go-go drilling days between 2011 and 2014. Even when U.S. oil production hit a peak at 9.7 million barrels per day in the second quarter of 2015, the industry did not break even. Indeed, shale companies were coming off of one of their worst quarters in terms of cash flow in recent history.

That all changed around the middle of 2015 when the most indebted and high-cost producers went out of business and consolidation began to take hold. E&P companies began cutting costs, laying off workers, squeezing their suppliers and deferring projects that no longer made sense.

By 2016, oil companies large and small had shed a lot of that extra fat, running leaner than at any point in the last few years. By the third quarter, oil prices had climbed back to above $40 and traded at around $50 per barrel for some time, replenishing some lost revenue. That was enough to make the industry cash flow neutral for the first time in its history.




Energy & Commodities

Indexing Marijuana’s Monster Growth

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Posted by Daniel Collins Editor in Chief Modern Trader

on Thursday, 22 December 2016 06:45

To be a legitimate market sector, you must have a benchmark to measure what qualifies as under- and over-performance.

A large debate that has grown in investing circles during recent decades is the ability for professional investors to provide “alpha” rather than simply “beta.” That they are adding value rather than just collecting the value provided by the broad market or a specific sector. Legitimate market sectors draw investors and those investors are being asked to prove their value not only versus the broad market but versus the particular sector or strategy group they are involved in. 

So, if an emerging industry is going to attract professional investors, it will be asked to measure its performance versus a benchmark. The Marijuana Index, which is owned by MJIC, tracks the performance of the legal marijuana industry. This includes companies that directly handle legal marijuana, such as marijuana producers, processors, distributors and retailers. It also includes companies that don’t directly handle plant product, but cater to those who do, as well as to consumers. These “ancillary” businesses operate in a wide range of industries such as consumption devices, product packaging, information technology, equipment, business services and more, says Dan Nicholls, vice president at The Marijuana Index. “Our definition of marijuana includes all forms and applications of the marijuana, cannabis and hemp plant, including cannabinoids such as CBD or THC,” says Nicholls, adding that it does not, however, include activities related to synthetic cannabinoids.

MJIC breaks down the Marijuana Index into three indexes: The North American Index, American Index and Canadian Index (see “One plant, 3 indexes,” below). Currently there are 23 stocks in the overall index, 13 American and 10 Canadian (see “The roster,” below). MJIC recently reconfigured the index based on specific criteria. “The start of this year we revamped the index, putting in place strict eligibility criteria,” Nicholls says. 

MT January CoverStory Index OnePlant

....much more analysis and charts HERE

...related, Mark Leibovit was in on Marijuana at the very bottom and recently took "Monster Profits":



Energy & Commodities

Commodity ETF Overview

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Posted by Hard Assets Investor

on Wednesday, 21 December 2016 08:47

Commodities-VadodaraCommodities are known as the raw materials for production processes. Investing in them provides investors with exposure to unique factors that historically have brought diversification and inflation hedging benefits to traditional portfolios. Nowadays, ETFs have expanded the availability of commodity investments providing exposure to single commodities and commodity-linked indexes. At the same time, ETFs have exposed investors to a new set of risk factors that may be unfamiliar to the average investor.

This channel is designed to help you understand commodity ETFs, how they work, how they are built, their risks and their rewards, so that you can decide if commodity ETFs deserve a place in your portfolio.

...look at the complete list of ETF's and their performance HERE


Canada's Oil Exports Would Be Dead Without U.S. Shale Production


Energy & Commodities

Canada's Oil Exports Would Be Dead Without U.S. Shale Production

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Posted by Seeking Alpha

on Friday, 16 December 2016 07:29

saupload Mawji1412BSummary

As of 2015, 36% of total U.S. crude imports come from Canada.

Canada is a large exporter of low API grade crude referred to as heavy crude oil, most of which comes from Canada’s bituminous Oil Sands deposits.

To deal with the lack of fluid-flow of Canadian heavy oil and bitumen, some oil production is partially refined to produce synthetic crude, which creates more fluidity.

How is it that Canada could be dependent on U.S. oil production? As of 2015, 36% of total U.S. crude imports come from Canada. As Canada continues to exports over 3 million barrels per day of oil to the U.S., what direct role does the U.S. have in allowing Canadian oil to flow southward?

....continue reading HERE


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