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

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