Bryan Leighton's Blog Posts Tagged 'RIO' (17)

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

Three Reasons Why The World Should Fear A China Slowdown

So many talking heads in the financial media continue to say that they do not care about the Chinese economy. They continue to pound the table that as long as the U.S. market inflates who cares about what happens to China. Well, every investor should be concerned about a China slowdown; I'll cover the top three the reasons why.



First, the Chinese economy has led the global stock markets higher since 2008. Traders and investors should know that the Shanghai Index…

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Added by Bryan Leighton on March 20, 2012 at 11:22am — 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 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

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

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

Expect The Wild Swings To Continue

This morning, the major stock indexes are trading sharply higher. The 150.0 point rebound in the Dow Jones Industrial Average comes after yesterday's bloodbath decline in all of the major stock market indexes. The daily moves in the stock market have been very dramatic with wide range swings. One day risk is on and the next day risk is off. The trend since August 2011 has been very choppy and sideways. Is there so much uncertainty that traders and investors are not willing to commit…

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Added by Bryan Leighton on November 2, 2011 at 10:38am — 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

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

This Is The Only Chart You Will Need Today

Traders and investors must follow the U.S. Dollar Index (DXY) very closely. The major stock market indexes are trading inverse to the U.S. Dollar Index at this time. If the DXY declines or pulls back intra-day the major stock indexes will inflate and trade higher. The opposite is true if the DXY trades higher, obviously the major stock indexes will deflate and decline lower.  



Some stocks that will generally decline on the back of a stronger U.S. Dollar Index (DXY)… Continue

Added by Bryan Leighton on September 20, 2011 at 10:09am — No Comments

This Chart Moves Markets

This week the major stock indexes have traded sharply higher. The Dow Jones Industrial Average (DJIA) has staged four consecutive winning session. The last time the DJIA has rallied for four consecutive sessions we have to go back to late June. Today is also options expiration which is also part of the reason for the rally. When there are too many put options in the market around expiration the institutions will usually take stocks the other way, in this case higher. The real reason for… Continue

Added by Bryan Leighton on September 16, 2011 at 10:55am — No Comments

Strong Dollar Causes Head And Shoulders To Be Everywhere

The major stock market indexes are plummeting lower today. All of the major stock indexes in the United States are trading lower by more than 2.00 percent across the board. Everything that is sensitive to the stronger U.S. Dollar Index is declining sharply lower. The industrial metal and the energy stocks are leading the decline this afternoon. Stocks such as Freeport McMoRan Copper & Gold Inc(NYSE:FCX), Southern Copper Corp.(NYSE:SCCO), and Chevron Corp.(NYSE:CVX) are just a few of… Continue

Added by Bryan Leighton on September 9, 2011 at 2:33pm — No Comments

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