Category Archives for "global economy"
CAT | Sputtering Global Economy
In this stock chart analysis video I look at the long-term weekly and daily chart of Caterpillar (CAT) to see what the Elliott Wave picture is telling us.
Copper and Freeport-McMoran
In 2014 Freeport-McMoran Copper & Gold Inc. changed its name to Freeport-McMoran Inc. (FCX). FCX is into copper, gold, molybdenum, cobalt hydroxide, silver as well as and oil and natural gas.
I have seen several articles talking about how FCX has been in sync with oil, but when I look at copper it seems that it is still the best link. The Copper ETN (JJC) started trading in November 2007. Below is a chart showing the weekly data of JJC overlayed with the weekly data of FCX. Continue reading
CAT Hitting a Wall?
Caterpillar(CAT) cut its first quarter revenue and earnings guidance but held to the full year guidance. I should add, at least for now. I look at CAT in the brief video below.
As you can see in the chart below, CAT dropped from a closing high of 111.40 in July 2014 to a closing low of 57.91 in January this year. That’s nearly a 50% drop. Continue reading
End of the Chinese Miracle
That is the title of a very interesting video produced by the folks at Financial Times (FT). This video was just published on March 9th.
China has approximately one-quarter of the world’s population and it’s economy has grown rapidly for many years. In recent years there has been a significant slowing in that growth. Continue reading