Posts Tagged ‘support’

The Line in the Sand November 08, 2010

Monday, November 8th, 2010

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 [...]

Line in the Sand 7/13/9

Monday, July 13th, 2009

Support remains the 100 day moving average…the line in the sand. Prices traded below the ma on crude today intra-day but it appears we’ll close back above that level; $58.98 in August. Natural gas was down by 3% today, if you’re a day trader this trade is not for you but we maintain that buying [...]

One Week Down 12/05/08

Friday, December 5th, 2008

The jobs’ number was ugly, as suspected, showing a loss of 500,000 jobs in November. Look for this trend to continue. We like the idea of buying the Canadian dollar as long as metals and energies hold there ground; expecting the triple bottom to act as strong support. We advised clients to use this set [...]