February 2021 Editors Comments

Monday, 04 January 2021 10:41 Melissa Moore
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Special Historical Reports

MRCI publishes a new round of volumes in its series of special reports each year.

Hottest off the press:

2020 Historical Indices: this 186-page volume features seasonal analysis for US stock indices SP500, SP400 Midcap, NASDAQ 100, Russell 2000, DJIA and several international; includes 62 strategies for US indices and 108 for those international.

2020 Historical Metals: an 84-page volume featuring seasonal analysis for gold, silver, platinum, and copper; with 42 seasonal strategies and 30 spreads for year-round trading ideas.

 

CRB & Physical Commodities

Wow!  Another huge month for the CRB!

The Index traded as high as 187.71 in early January 2020 before collapsing to 101.48 before the pandemic.  But then it began a recovery.

After trending up into August/Septenber, the market consolidated.  Finding support twice in October generated a charge through the 50-week moving average in November.  After that break out, it soared through December to close on its recovery high of 167.80.  It is now poised to challenge the 200-week moving average at 175.60 and then the 2019-20 highs 187.71-189.68.

Gold reached an all-time at 2089.  Silver tested $30.  Copper traded above $3.64 the highest in nearly eight years.  Having never traded above $500 before 2018, lumber futures touched $1,000 in 2020.  After trading at -$40.32 in April, crude oil tested $50.

Despite trade tariffs, corn and soybeans made lows early in the year and never looked back even as excellent US crops were harvested.

Governments around the world fought economic distress with both fiscal and monetary weapons.  The US dollar closed the year at its weakest since April 2018 and put that even low in jeopardy.  But many other global currrencies were debased.  What will 2021 bring?

What can you possibly do but ...

Trade 'em,

Jerry Toepke


Last Updated on Monday, 04 January 2021 10:46