Bryan Leighton's Blog Posts Tagged 'BHP' (25)

Base Metal Stocks Rally On Chinese Stimulus

The base metal stocks are rallying higher on the expectation of a Chinese Stimulus plan. Many of the base metal stocks including BHP Billiton Limited (ADR) (NYSE:BHP), Rio Tinto plc. (ADR) (NYSE:RIO), Cliffs Natural Resources Inc. (NYSE:CLF), and Southern Copper Corp (NYSE:SCCO) could see a potential rally over the next few days. BHP is trading higher by $2.31 to $64.12 a share; look for intra-day resistance around the $64.25, and the $65.05 levels.…

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Added by Bryan Leighton on May 29, 2012 at 10:00am — 1 Comment

The Greenback Effect

Every trader and investor in the world should be following the U.S. Dollar Index futures (DX-M2) once the major stock indexes open for trading in the United States. Often when the U.S. Dollar Index starts to decline and trade lower the major stock and commodity indexes will inflate and trade off of the lows. This morning, all of the major stock indexes are selling sharply lower in a broad based decline. In the past, the one way that the markets have shaved the intra-day loss has been…

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Added by Bryan Leighton on April 9, 2012 at 10:41am — No Comments

Metals Rally As Dollar Fades

Generally, the leading industrial, and precious metal stocks will be the first equities to catch a bid when the U.S. Dollar Index declines intra-day. This morning, traders can easily see how the SPDR Gold Trust (ETF) (NYSEARCA:GLD), ProShares Ultra Silver (ETF) (NYSEARCA:AGQ), and the PowerShares DB Gold Double Long ETN (NYSEARCA:DGP) are all catching an early bid as the dollar retreats from the open. All of these trading vehicles will signal inflation in the stocks market and that is…

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Added by Bryan Leighton on April 2, 2012 at 10:41am — No Comments

Base Metals Remain The Weak Link

This morning, all of the leading base metal stocks are declining lower. Leading stocks such as Freeport McMoRan Copper & Gold Inc (NYSE:FCX), Rio Tinto plc (NYSE:RIO), BHP Billiton Ltd (NYSE:BHP), and Tech Resources Ltd (NYSE:TCK) are all coming under early selling pressure. The catalyst for today's decline in the base metal stocks are certainly due to the poor performance in the Chinese markets last night. The highly important Shanghai Index (China) closed lower by 2.60 percent…

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Added by Bryan Leighton on March 14, 2012 at 10:43am — No Comments

Base Metal Stocks Slide Without Greece

This morning, all of the leading base metal stocks are declining lower. Normally, the catalyst for the weakness in the base metal stocks is the weak European markets and the problems in Greece. Today, the catalyst for the sell off in the leading base metal and commodity stocks is the weakness in the Chinese growth forecast for 2012. Leading base metal stocks such as Freeport McMoRan Copper & Gold Inc (NYSE:FCX), Southern Copper Corp (NYSE:SCCO), BHP Billiton Ltd (NYSE:BHP), and…

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Added by Bryan Leighton on March 5, 2012 at 10:19am — No Comments

Metal And Mining Stocks Are In Play

The leading base metal and mining stocks all started the day declining at the open. This is common to see when the U.S. Dollar Index is strong before the opening bell. Leading stocks such as Freeport McMoRan Copper & Gold Inc (NYSE:FCX), BHP Billiton Ltd (NYSE:BHP), Southern Copper Corp (NYSE:SCCO), and Vale SA (NYSE:VALE) will usually trade inverse to the U.S. Dollar. These stocks have rebounded off of their morning lows as soon as the U.S. Dollar Index declined. Nearly everyday…

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Added by Bryan Leighton on February 27, 2012 at 10:54am — No Comments

Base Metal Stocks Struggle Early

Many of the leading base metal producing stocks are struggling to catch a bid this morning. Rio Tinto Plc (NYSE:RIO) is a leading stock in the base metals and materials sector that is coming under some early selling pressure. This market leader is declining by $1.31 to $60.22 a share. The decline in this market leader comes despite a strong copper, gold, and silver market today. RIO will have short term intra-day support around the $60.00 and $58.75 levels.



Some…

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Added by Bryan Leighton on February 9, 2012 at 11:23am — No Comments

Joy Global Could Be Telling Us Something

Joy Global Inc (NYSE:JOY) is a leading manufacturer of mining and farming equipment. The stock has been selling off over the past two trading sessions. This morning, JOY stock is declining lower by $2.00 to $90.70 a share. When a market leader such as JOY stock declines it could be telling us that the mining business is beginning to slow down. BHP Billiton Ltd (NYSE:BHP) is also trading lower today by $1.15 to $80.62 a share. Earlier today. BHP reported earnings and guided slightly…
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Added by Bryan Leighton on February 8, 2012 at 11:01am — No Comments

It's A Dollar Story

For over ten years now the major stock indexes have traded inverse to the U.S. Dollar Index. That inverse relationship is back in full force today. Anyone can easily see how the S&P 500 Index e-mini futures (ES H2) jumped off the morning lows as soon as the U.S. Dollar Index tumbled lower. All traders and investors should have a chart of the U.S. Dollar Index futures (DX H2) up at all times. If traders do not have the U.S. Dollar Index chart available the PowerShares DB US Dollar…

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Added by Bryan Leighton on January 27, 2012 at 10:14am — No Comments

Metals Pop On Dollar Weakness, Can They Hold?

All of the major leading industrial metal producers are trading higher this morning. The catalyst for the move higher in these stocks is the weaker U.S. Dollar Index. These days the inverse relationship between the U.S. Dollar and the major stock indexes has decoupled due to the light volume in the market, however, a weak dollar still helps to inflate commodities.



Freeport McMoRan Copper & Gold Inc (NYSE:FCX) is the world's leading copper producer. This stock…

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Added by Bryan Leighton on January 12, 2012 at 10:32am — No Comments

Commodity Stocks Rally, How Much Is Left In The Tank?

All across the media the headline reads that commodities are rallying on Alcoa's bullish forecast. Alcoa reported a loss for the fourth quarter in case people did not see. Rarely, if ever does Alcoa even move the markets these days. More important than the poor Alcoa earnings report was the fact that the Shanghai Index (China) finally caught a bid over the past two trading sessions. That two day rally in China was also good for about 5.0 percent to the upside. This is the catalyst for…

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Added by Bryan Leighton on January 10, 2012 at 4:02pm — No Comments

Commodity Stocks Drop On The Back Of Dollar Strength

This morning, all of the leading commodity stocks are coming under sharp selling pressure. The catalyst for the decline in the commodity sectors and the major stock market indexes is the stronger U.S. Dollar. Today, the U.S. Dollar Index futures (DX Z1) are trading higher by 0.40 cents to $78.95 per contract. To make a long story short, when the dollar rallies higher the major stock and commodity sectors will deflate and trade lower. Every trade is essentially a trade on the U.S.…

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Added by Bryan Leighton on December 8, 2011 at 10:55am — No Comments

Industrial Metals Break Like Glass

All of the leading industrial metal stocks are trading sharply lower this morning. When there are signs of an economic slowdown this sector will usually come under selling pressure. Freeport McMoRan Copper & Gold Inc (NYSE:FCX) is a leading copper producer that is trading lower by $1.07 to $35.87 a share. This stock should have intra-day chart support around the $35.00 and $34.00 levels. Many traders and investors follow copper very closely as a leading economic indicator.…

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Added by Bryan Leighton on November 21, 2011 at 10:50am — No Comments

Here Is The Rally In A Nutshell

If you look at a chart of the U.S. Dollar Index futures (DX Z1) this morning you will see the sharp decline. If traders simply flip this chart upside down you will notice that the chart will resemble the S&P 500 Index today. When the dollar dips the markets flip. Traders should watch for some short term intra-day support on the U.S. Dollar Index futures around the $77.25 area. The U.S. Dollar Index chart is probably one of the most important charts that a trader could follow as the…

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Added by Bryan Leighton on November 11, 2011 at 10:11am — No Comments

Industrial Metals Head South For The Winter

Many traders and investors follow the industrial metals very closely as a leading indicator. The legendary trader Jesse Livermore used to say that copper was one of the most important industrial metals that a trader could track. He said copper would tell the investor where the economy was headed. Today, the leading copper stocks have sold off from the morning gap higher open and this is worth noting.



Freeport McMoRan Copper & Gold Inc (NYSE:FCX) is considered…

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Added by Bryan Leighton on November 10, 2011 at 10:56am — No Comments

Keep This Chart On The Screen At All Times

The only chart that traders need to pay attention to is the chart of the U.S. Dollar Index (DXY). When the U.S. Dollar Index declines throughout the trading session the major stock market indexes will inflate and trade higher. Obviously, leading commodity and energy stocks such as Cliffs Natural Resources Inc (NYSE:CLF) BHP Billiton Ltd (NYSE:BHP), and Chevron Corp (NYSE:CVX) will be some of the first stocks to react and trade inverse to the U.S. Dollar Index. It is important to note…

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Added by Bryan Leighton on November 7, 2011 at 10:49am — No Comments

When It Goes Up, She Goes Down

This morning, the U.S. Dollar Index futures (DX Z1) are soaring higher by 0.54 cents to $77.39 per contract. As we should all know by now, when the dollar goes up the major stock market indexes will go down. The markets deflate very quickly when the U.S. Dollar Index trades higher. The U.S. Dollar Index futures (DX Z1) will have some short term intra-day resistance around the $77.80 level.



Most leading commodity stocks such as Freeport McMoRan Copper & Gold…

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Added by Bryan Leighton on November 4, 2011 at 10:53am — No Comments

Metal Stocks Weigh On Markets

The industrial metals are leading the markets lower this afternoon. Leading commodity stocks such as Southern Copper Corp (NYSE:SCCO), Rio Tinto plc (NYSE:RIO), BHP Billiton Ltd (NYSE:BHP), and Vale SA (NYSE:VALE) are declining sharply lower. This industry group has shown weak relative strength when compared to the major stock market indexes. Since the October 4, 2011 stock market low these leading stocks have been unable to trade above their daily chart 50 moving averages, meanwhile,…

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Added by Bryan Leighton on October 17, 2011 at 3:41pm — No Comments

Financial Stocks & Industrial Metal Stocks Trade Lower, Which Is Worse?

This morning, the leading financial stocks and the leading industrial metal stocks are declining. These two sectors have been weak since April 2011. This morning, the financial stocks are trading lower after the financial giant J.P. Morgan Chase & Co (NYSE:JPM) reported earnings. Traders and investors obviously did not really believe the results posted by the company. JPM stock is trading lower by $1.53 to $31.67 a share. Other leading financial stocks such as Morgan Stanley…

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Added by Bryan Leighton on October 13, 2011 at 11:12am — No Comments

Industrial Metals Shine Like Gold

The industrial metals are continuing to rebound higher today. This is a three day bounce for the metals. Leading industrial metal stocks such as Freeport McMoRan Copper & Gold Inc (NYSE:FCX), Southern Copper Corp (NYSE:SCCO), BHP Billiton Ltd (NYSE:BHP), and Rio Tinto Plc (NYSE:RIO) are all climbing higher this morning. These stocks were severely oversold and due for a solid bounce. It is important to remember that it has been the industrial metals that have lead the stock and… Continue

Added by Bryan Leighton on October 6, 2011 at 10:59am — No Comments

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