MBWealth’s Commodity Blog

European Vacation – May be one of my favorite Chevy Chase movies but in this case describes where the policy makers heads are at. Seriously when will governments get out of the way and let systems fail and stop kicking the can down the road. On what planet should a 50% write-down be viewed as [...]

Just when it looks like a market is on the verge of breaking down or breaking out to the upside the market reverses. Two examples: Stocks appear that they are moving higher bonds look like the are trading lower but we are not believers of either just yet.  We’re suggesting the sidelines in a number [...]

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 [...]

We expect to see further appreciation  in stocks and select commodities in the immediate future. That being said we see money coming out of safe havens ( dollars and Treasuries) and back to risk assets at least for a few weeks. It is about time some appreciation…Crude is higher as of this post by just [...]

Money flows out of safe havens and back into risk assets. Far from a victory but this could be the beginning of what I’ve been calling for in recent weeks.  We’ve had a rough go of it being we’ve been buying on the way down for  clients but if we start to recover from here [...]

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 [...]

It is too early to tell if this is a true turnaround but we at minimum view it as a tradable event…time will tell. Crude is $7 off its lows from just yesterday hitting the 9 day MA on its highs today but we’re not out of the woods just yet. Continue to buy dips [...]

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 [...]

Without risk in trading there would be no opportunity for profit…embrace risk do not be afraid. We have NO concrete stance on Crude so keep your size small or move to the sidelines until we get a clearer picture. We suspect traders will try to probe the $84 level in October Crude but as opposed [...]

Bernanke mumbled about inflation and voiced that the Fed will continue to do all that it can do which is good in  theory but what tools are left in the tool box? Crude touched $90/barrel for the first time in five weeks but yesterday and today prices were unable to penetrate the 40 day MA. [...]