{"id":3706,"date":"2014-05-21T12:34:44","date_gmt":"2014-05-21T12:34:44","guid":{"rendered":"https:\/\/fundamentalis.com\/?p=3706"},"modified":"2014-05-21T12:34:44","modified_gmt":"2014-05-21T12:34:44","slug":"5-21-14-commodity-stocks-reverse-recent-strength-on-5-20-14","status":"publish","type":"post","link":"https:\/\/fundamentalis.com\/?p=3706","title":{"rendered":"5.21.14: Commodity Stocks Reverse Recent Strength on 5.20.14"},"content":{"rendered":"<p>Yesterday, was a George Costanza day (you have to be a Seinfeld fan)\u00a0yesterday, as the commodity stock strength we wrote about <a href=\"https:\/\/fundamentalis.com\/?p=3689\">here<\/a> last week, promptly reversed and did the opposite of last week&#8217;s action.<\/p>\n<p>Alcoa (AA): -2.66%, remains above its 50 and 200 day moving averages. EPS estimates moving in the right direction. AA is up about 22% YTD.<\/p>\n<p>Peabody Energy (BTU): -3.71% on average volume. Coal is a beaten-down value sector. The stock remains above its 50 and 200 day m\/a&#8217;s.<\/p>\n<p>Freeport McMoran (FCX): -1.74% but still above the 50 and 200 day m\/a&#8217;s.<\/p>\n<p>Us Steel (X): -4.42% on 2(x) average volume. X took out its 200 day moving average on volume, which we don&#8217;t like to see. X does tend to outperform in the 4th and 1st quarter&#8217;s of the year;<\/p>\n<p>SP 500 (SPY): -0.63%<\/p>\n<p>We are long KOL and the SLX (Steel ETF) in a few accounts, too.<\/p>\n<p>We like Basic Materials through year-end 2014. We remain overweight the sector, although we don&#8217;t have a big Chemical exposure and Chemicals are a big part of the sector.<\/p>\n<p>Trinity Asset Management, Inc. by:<\/p>\n<p>Brian Gilmartin, CFA<\/p>\n<p>Portfolio manager<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Yesterday, was a George Costanza day (you have to be a Seinfeld fan)\u00a0yesterday, as the commodity stock strength we wrote&hellip;<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[17,97,79,78],"tags":[],"class_list":["post-3706","post","type-post","status-publish","format-standard","hentry","category-aa","category-basic-materials","category-fcx","category-x"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/fundamentalis.com\/index.php?rest_route=\/wp\/v2\/posts\/3706","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/fundamentalis.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/fundamentalis.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/fundamentalis.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/fundamentalis.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3706"}],"version-history":[{"count":4,"href":"https:\/\/fundamentalis.com\/index.php?rest_route=\/wp\/v2\/posts\/3706\/revisions"}],"predecessor-version":[{"id":3710,"href":"https:\/\/fundamentalis.com\/index.php?rest_route=\/wp\/v2\/posts\/3706\/revisions\/3710"}],"wp:attachment":[{"href":"https:\/\/fundamentalis.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3706"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fundamentalis.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3706"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fundamentalis.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3706"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}