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 [...]
The indices trading higher should mean the dollar and Treasuries down and most commodities up. That is how we have positioned clients as you can read below. Oil is thru $76 trading near a one month high. The momentum is up but if you are not already long we would not suggest fresh entries at [...]
Perhaps you remember Mr. Miaggi “wax on…wax off” well this is a bit different but the theme of late appears to be whether investors want risk on or off. It looks to me like oil is trying to carve out a bottom…yes this is a gutsy trade because we’re suggesting to catch a falling knife [...]
In this environment is it critical to not fall asleep at the wheel but to constantly monitor your open positions. A failed rally early today has oil negative by days end though it appears the selling is slowing. We’re suggesting for clients to start scaling into longs. We expect oil to find a bottom around [...]
Sometimes traders can make money by not being in a trade. It is ok to be in cash when you cannot find a trade that you are comfortable with. That is not to say we are not trading we have just been trading more options than we typically do and scaling down our size. $81/81.50 continues [...]
Wild swings and crazy volatility is becoming commonplace commodity wide. These markets are choppy and trend less so one must really monitor their positions on an intra-day basis. Crude oil will finish higher on the day but it remains a sell on rallies market near $80 in my estimation. We maintain that a move to [...]
After a $10 move higher is Crude getting tired? We want to have long exposure for clients but are on the sidelines in oil anticipating a $4/5 break in the next week or so. The 40 day moving average in April comes in just above $78 and the 200 day is seen at $75.50. We [...]
Crude oil was higher for the first time in 4 sessions but we only gained 70 cents after the $7 route that is not much. It appears that buyers are emerging but we would suggest waiting for the inventory # this week before establishing fresh positions. For now $70 should support and $73 should act [...]
Crude oil has advanced almost $5 off its’ lows in the last 2 sessions trading back above $77. Ideally you are already positioned to take advantage of this and further upside. In the March contract we see $80/barrel this week if not next. On that we would tighten ups stops and start looking to lighten up on your [...]
Mixed bag in energies with oil and RBOB lower and heating oil and natural gas higher. We are holding December $75/80 call spreads for clients in oil thinking a test of $74 is in the cards in coming weeks. A roller coaster ride in natural gas in recent sessions with prices appreciating 13% today. If we [...]
