27Mar10:37 amEST

Antidote for the Slowing Global Growth Poison

As I have spent the better part of this morning reinstalling a few charting/video software programs which crashed, several Members deserve a big tip of the hat for pointing out the relative strength seen in some materials miners. 

Given the general tension in markets and among market pundits regarding the prospect of slowing growth in the economy perhaps portending a recession in the next several months, it seems a bit contradictory to see a global material monster like BHP (first daily chart, below) act as well as it has. Typically, if global growth were indeed going into a tailspin we would see such an economically-sensitive beast like BHP crack. RIO is another name to watch on that front, and that one is also acting well. 

Beyond that, a coal hidden gem like Warrior Coal, second chart, is distinguishing itself from its peers with a gap-up base breakout. 

To be fair, many other coal plays are struggling, and coal is not the same type of global growth gauge that BHP is. But it is still worth noting that HCC is an emerging sector outperforming issue with the potential for a multi-year breakout above $30, to boot.

Collusion at the Highest Lev... Deck on Deck


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