Cold Fusion and Palladium (Chart)

Every decade or so the topic of cold fusion comes up. When it does you sometimes see Palladium, the commodity, soar. Will 60 Minutes trigger a new bull market in Palladium?

You can trade Palladium futures at the NYMEX.


Palladium, Cash, Monthly Bar Chart, Ten Years

You'll notice that Palladium (cash market)

• Soared up to 1100 during January, 2001.
• After trading below 200 several times during the 2003-2005 period
  
• Palladium soared to 585 during March 2008.
• It is once again languishing down near 200.
• Although. it has recently moved up sharply to the 249 area.
• Perhaps this was in anticipation of the 60 Minutes report on Palladium which aired this evening.
  

60 Minutes Cold Fusion (Video and Text)

Subscribe to EF Hutton via Email

Bob DeMarco is a citizen journalist and twenty year Wall Street veteran. Bob has written more than 500 articles with more than 11,000 links to his work on the Internet. Content from All American Investor has been syndicated on Reuters, the Wall Street Journal, Fox News, Pluck, Blog Critics, and a growing list of newspaper websites. Bob is actively seeking syndication and writing assignments.

Follow E F Hutton on Twitter

Kindle 2: Amazon's New Wireless Reading Device (Latest Generation)

Copper Soaring, China Buying (Chart)

Cash Copper, Daily Price Mark



The chart contains a single price (dot) for each trading day.

Notes:

• The price of copper is moving up fast. This is being caused by buying out of China.
• China is a large importer of cooper. They import about 85 percent of their need.
• On December 24, copper traded at the low price of 124.75.
• Today the price was marked at 212.55.
• The price of copper has risen 70 percent in the last 4 months.

You should be looking at Freeport McMoran (FCX). Freeport benefits from rises in the price of copper. The company is also a large producer of gold. We will cover Freeport McMoran tommorow.

You should note the effect that demand from China can have on commodity prices. One theme that should become evident is that when China starts to demand the supply of a commodity its price is likely to rise dramatically. This will create lots of opportunites for smart investors.

There are several ways to take advantage of thirsty demand for commodities from China. These include: sector stocks, ETFs, options, and commodity futures contracts.

We will be honing in on these opportunities in the days and weeks ahead.

So stay tuned daily.

Subscribe to EF Hutton via Email

Bob DeMarco is a citizen journalist and twenty year Wall Street veteran. Bob has written more than 500 articles with more than 11,000 links to his work on the Internet. Content from All American Investor has been syndicated on Reuters, the Wall Street Journal, Fox News, Pluck, Blog Critics, and a growing list of newspaper websites. Bob is actively seeking syndication and writing assignments.

Kindle 2: Amazon's New Wireless Reading Device (Latest Generation)

S and P 500 Chart Update, Trend Intact

June S and P 500 Future, Chart, April 13, Pre Opening



Notes:

• Once again we bounced off the red line (plus two standard deviations) on Friday.
• The market continues to attach to the red line during the rally.
• The market continues to make higher highs and higher lows. A positive.
• The uptrend remains intact. The lines continue to rise and are containing the market.
• Retracements can come at any time.
• Expect hard resistance on any rallies toward 860 today.
• Support is rising, but still down to 800.

Subscribe to EF Hutton via Email

Bob DeMarco is a citizen journalist and twenty year Wall Street veteran. Bob has written more than 500 articles with more than 11,000 links to his work on the Internet. Content from All American Investor has been syndicated on Reuters, the Wall Street Journal, Fox News, Pluck, Blog Critics, and a growing list of newspaper websites. Bob is actively seeking syndication and writing assignments.

Follow E F Hutton on Twitter

Kindle 2: Amazon's New Wireless Reading Device (Latest Generation)

S & P 500 Trend Up, Shorts Vunerable

June S and P Future, Chart



Notes:

• The market held the down thrust below 790. The reversal indicates the uptrend is intact.
• Yesterday's outside, up day, with a close at the high indicated that a test of the resistance in the 830 area was likely.
• The ability of the market to hold above the green line is important and impressive.
• Short term support is at 770 and rising.
• Near term resistance is in the 830 area. Overhead resistance is at 857 and rising.
• Trades and or a close above 832 will test the will of the shorts.
• The market continues to trade up against bad news. Shorts continue to pile into the market believing that the market should be going down against this evidence.
• All I can say to shorts is---Don't Fight the Tape.
• Technical evidence continues to indicate higher prices.

See:

They called me crazy, S and P 900-1000

Bob DeMarco is a citizen journalist and twenty year Wall Street veteran. Bob has written more than 500 articles with more than 11,000 links to his work on the Internet. Content from All American Investor has been syndicated on Reuters, the Wall Street Journal, Fox News, Pluck, Blog Critics, and a growing list of newspaper websites. Bob is actively seeking syndication and writing assignments.

Follow E F Hutton on Twitter

Subscribe to EF Hutton via Email

Stocks: Down side range expansion continues--good trade opportunity

The downside range expansion continues and all systems indicate that market is going lower. You will notice the spike down to the 741 area in November. Will history repeat itself? I think to some extent it will. Traders should be on their toes for any spike below 741 overnight or early Tuesday morning.

I doubt we will see the monster rally we saw in November. But, looks good for a nice fat trade.

Complacent longs are still in the market and so far they have not capitulated. Sometime soon, very soon they are going to cry "Uncle".

clipped from charts.barchart.com

Subscribe to EF Hutton via Email

Any price action below 741 on Tuesday should show excellent resilience. The market should hold downside thrusts very well below 737.

Under 740 tomorrow favors quick, long side trades. If the market can muster a two day rally, it should be ready to start down with a vengeance. The market rarely closed lower 7 days in a row. These are rare times, however


More from All American Investor

Ray Dalio on the current state of affairs in the market

Homebuyer Credit Won’t Stabilize Market, Analysts Say

Roubini Predicts U.S. Losses May Reach $3.6 Trillion

Six Errors on the Path to the Financial Crisis

Who Caused the Financial Crisis?

Option ARM--The Toxic Mortgage

Debt Binge--The Perfect Financial Storm

Restoring Financial Stability: How to Repair a Failed System (Wiley Finance)