Alan Knuckman

Analyst Articles

Basic materials have bounced back from concerns of a global slowdown led by China that never materialized. Steel has been a relative outperformer in this recovery, as evidenced by the chart below comparing United States Steel (NYSE: X) and metallurgical coal producer Alpha Natural Resources (NYSE: ANR). X is up… Read More

The proximity of resource-rich Australia to China makes it an important barometer for the strength of the Chinese economy. Australian dollars were even held as a bullish play on China until the renminbi was liberalized. The Aussie dollar just hit a fresh two-month low on Monday following Federal Reserve taper… Read More

The proximity of resource-rich Australia to China makes it an important barometer for the strength of the Chinese economy. Australian dollars were even held as a bullish play on China until the renminbi was liberalized. The Aussie dollar just hit a fresh two-month low on Monday following Federal Reserve taper… Read More

The major indices have been knocking down psychological round numbers on this record run to new all-time highs. The Dow surpassed 16,000, while the S&P 500 took out 1,800. And while not a new all-time high, the Nasdaq topped 4,000 on Monday for the first time since September 2000. Tech… Read More

The major indices have been knocking down psychological round numbers on this record run to new all-time highs. The Dow surpassed 16,000, while the S&P 500 took out 1,800. And while not a new all-time high, the Nasdaq topped 4,000 on Monday for the first time since September 2000. Tech… Read More

One of the most beaten-down sectors this year, metals and mining, seems to be on the rebound. SPDR S&P Metals & Mining (NYSE; XME) has rallied 27% from its June lows and currently sits near $40, just above the midpoint of its 52-week price action between roughly $32 and $47. Read More

Crude oil is trading at its lowest level since June, dropping below the psychologically important $100-a-barrel mark. The macro energy picture is more positive, however, with only a minimal technical retracement in the Energy Select Sector SPDR (NYSE: XLE) from its recent highs. The fund is currently trading at the… Read More

A once-promising recovery in the share price of BlackBerry (NASDAQ: BBRY) from the $6 level in 2012 to highs above $18 in early 2013 has come full circle, with shares again making new lows near $6. Stocks often come back to major technical breakout points, which then act as support… Read More