Commodities: Release the Kraken!

It’s a tough time to be a commodity bull right now. You can still make money in commodities, of course, but it’s tough to do on the bullish side. Let me show you why with three charts.

First, crude oil ...

You can see that crude oil has crashed through support from February and is now negative for the year. In the short term — barring some calamity in an oil-producing country — it’s not likely to go much higher than $97, which is a line of support-turned-resistance from February.

Are JPMorgan Chase ETNs Safe?

I don't know about you, but here in Texas I can barely drive a mile without passing a JPMorgan Chase (JPM) branch. They're even inside the grocery stores.

Simply being everywhere doesn't make a bank safe, of course. As we learned last week, traders in London just cost JPMorgan $2 BILLION and possibly more! Fitch Ratings downgraded its credit rating one notch to A-plus, and it looks like Moody's may cut the bank, too.

Is There a Contrarian Opportunity for You in J.P. Morgan's Loss?

By now, you're likely aware of the $2 BILLION loss by the "chief investment office" at J.P. Morgan (JPM). The firm's stock has obviously suffered, and there has been plenty of negative commentary regarding the incident. But you should consider looking at this from a contrarian viewpoint and see if there are any opportunities in this incident.

The initial reaction whenever there is bad news like this is to sell first and ask questions later. And that's usually the right move to make — at least in the very short-term. But the first question a contrarian investor must ask is: Is there opportunity in this news?

In order to find out ...