Think nothing is happening? Think again

Many of our more astute readers may have noticed that we have not been writing. Why is that? Well to be blunt, I am currently not super interested in writing for a site. Sorry the truth hurts. However, I am about to give you two pieces of gold that you may use as you wish. My hobbies include but are not limited to: Dota 2, playing in my band, and wasting time making money in an aging bull market.

Wait, that last hobby about the aging bull wasn’t there prior to the site reboot was it? That is correct. Without further adieu, here are the pieces of gold I have promised you.

A STRONG crude oil pattern is forming and will end in a few weeks come hell or high water. I suggest picking up highly leveraged OIL funds and protecting your downside with stop loss limits at about 5%. Good luck. Keep in mind, it could break out either way and the Saudi oil attacks last weekend were a fluke, but this chart speaks loudly for itself and on it’s own:

OIL_finishing_2019

 

This next one is a doosy. It has been panning out since the downside in the 2008 recession. With the aging bull market and economic slowdown in focus, one would expect any major catalyst like to be fairly major news. And this one is coming hard and a bit slower than oil above:

COPPER_finishing_2019

 

This is copper. Yes you read that right, copper, the bellwether metal that people use to determine the state of the economy and predict recessions. Oft referred to as DR. Copper.  People believe in this so much that the commodity crunch and fear all throughout 2016 was supported by one dip to the lower level in this triangle pattern.

Need I say more? Yeah probably.

So here it is: with 2 major commodity patterns finishing within 6 months of eachother and a trade war in progress, this has the potential to shoot off a lot of sparks. Even though the copper pattern began long before the trade war did, you bet your ass that you will be reading news about how the trade war caused the copper breakout to the downside (if it is a downside and not a huge upside, which is possible.)

Again, you want exposure but you want to be safe on this one. AUTOMATED stop loss limits are the best for you!

How’s that for fixing boring Monday? Pretty good I’d say.

DDAVE_Signature_01

Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article.

Author: Financial Jiu Jitsu

Finance is a lot like a fight. You get hit, you hit back. These iterative strikes are easily interpreted as getting paid and shelling out your hard earned money. If you tussle often, which we all do in finance, it would behoove us to learn how to hold our own, would it not? I present to you your personal trainers, Dave and Don. Both of us are constantly learning new things about finance and we want to share our stories with you to help you out! Instead of blabbing on endlessly about 'how to invest your 1M' or 'why you should only take out jumbo loans for a reduced rate.' We realize that a lot of people interested in getting ahead do not have a huge amount of money just sitting around, nor would they need a huge amount of money to be happy. That's you right!? Well you came to the right site my friend, now lets get huge together and strangle some finances with our knowledge. On a more serious note, this site is where readers will come for a certain flavor of financial advice. These articles will also cover self improvement techniques and time management strategy. FJJ will be updated bi-weekly on Monday and Wednesday. The goal being to give our readers a steady stream of insight from 2 engineers who have a unique and relevant perspective of the modern world.

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