This has been a remarkable week in the markets I have been following and featuring in Factor Updates and Alerts. I have established four different positions this week -- and it is only Tuesday -- so I figure an Alert is appropriate.
Cotton -- the rally today completed the inverted 6-week H&S pattern that has served as the retest of the underlying 2-year double bottom. I initially had a stop order in place, changed it to an alert early today, then bit the bullet and bought the market almost an hour after my alert flashed. I believe the market is now poised to trend to the initial target of 78.48 with the low 90s a possibility.
Natural Gas posted a 21-year price low in Mar 2016, as shown below on the quarterly graph.
The bottom took the form of a 7-month H&S bottom on the daily and weekly charts. The target of this H&S at 2.934 was quickly met on Jun 29. The Factor participated in this H&S pattern in its proprietary account and discussed the pattern in the Factor Update.
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https://www.peterlbrandt.com/wp-content/uploads/2016/09/Natural-Gas-A-massive-HS-bottom.jpg4621000Peter Brandthttps://www.peterlbrandt.com/wp-content/uploads/2020/04/TheFactorReport-small-logo.jpgPeter Brandt2016-09-18 17:30:032016-09-18 17:30:03Natural Gas — A massive H&S bottom?
https://www.peterlbrandt.com/wp-content/uploads/2016/09/September-QA.jpg601900Peter Brandthttps://www.peterlbrandt.com/wp-content/uploads/2020/04/TheFactorReport-small-logo.jpgPeter Brandt2016-09-14 23:32:122016-09-14 23:33:33Member only Q&A with Peter 9/22
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/by Peter BrandtNatural Gas — A massive H&S bottom?
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/by Peter BrandtMember only Q&A with Peter 9/22
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