Please click on the spreadsheet to view, zoom to 100% if needed. The Line in the Sand format has changed, you will be receiving the chart on technical analysis Monday mornings. Please visit Matthew’s Daily Thought for your market wrap ups and predictions. In addition he will be posting a new article per week, you [...]
Please click on the spreadsheet to view, zoom to 100% if needed. The Line in the Sand format has changed, you will be receiving the chart on Monday’s. Please visit Matthew’s Daily Thought for your market wrap ups and predictions. In addition he will be posting a new article per week, you can find those [...]
Labor day weekend is upon us, I hope everyone finds time to escape and recharge their battery. It is crucial to periodically forget about everything financial and to RELAX. I know I will take this long weekend to regroup as to come in fresh Tuesday. I would not read into the large swings in the [...]
Really it is just the beginning of September but historically the next 2 months is not kind to equity markets. Will this year be different? Vix spike and talk of bank failures…I think I would rather be on the sidelines than in a market that has bounced 50% while the circumstances have not justified that [...]
August crude is down 3.6% as of this post. We advised clients to cover shorts from Friday at a 25% net profit. There may be more downside but we wanted to use the premium from crude to purchase natural gas. We advised clients to buy October $5/6 call spreads; filled today at $2300/per. For traders [...]
A print over $73 in oil today…the highest level since 11/4/08. We regretfully missed this run away freight train with clients. Natural gas was higher by 6% trading above the 20 day moving average; a close above 3.92 would be bullish. The yen held the trend line today, we will be putting in a profit [...]
We had voiced our concerns that things had gotten ahead of themselves and stocks and commodities should see a setback but apparently the markets think differently as virtually all commoities gained today and the stock makret is up 2.5% as of this post. One could remain long but we would strongly advise lightening up, at [...]
Light range bound trading in energies. Potential triple top in crude oil at $58.75. Scale into longs on a setback in natural gas. After a pullback on the Aussie and Loonie look to be a buyer. The yen looks like a buy closing back above the 50 day moving average; 4-6 cent call spreads. Grains [...]
A prospective client asked me a question today and it made me realize how important discipine.is in trading. I don’t have enough room in my blog but the short version is plan your trade and trade your plan. Have pre-set stop limits and have a target, take what the market will give you. Now for some [...]
“Rates will likely stay low for an extended period.” Thanks for the update…the problem is rates may stay too low for too long. Does anyone remember Greenspan at 1.0%. It appears the market has no short term memory? Energies were higher with the exception of natural gas which failed to close higher 2 days in [...]
