Wholesale Inventories Spike
- December 10th, 2013
- By Gary S. Morrow
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Inventory hoarding will lead to downward GDP revisions. Zerohedge.com covers the subject:
Crude Reaches a Key Near Term Level
- December 9th, 2013
- By Gary S. Morrow
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Crude Oil continues to bump up against heavy resistance as this week begins. The USO(United States Oil Fund) reached the $35.20 area last week, a heavy near supply zone that includes the 50 and 200 day moving averages. Just above is the 1/3 retracement level($35.45) of the steep sell off from the August/September double top. The impressive rally from last month’s low, which has lifted the USO over 5%, may need a healthy pullback before the rally resumes.
We remain bullish on Crude and believe the USO is a buy on a pullback. We are focusing on the $34.30 to $34.45 area as a key near term support zone. This area includes the November peak. After a brief rest we expect a renewed rally to drive Crude past the 200 day. The next target level we are monitoring is the August/September lows near $36.40.
Soybeans
- December 9th, 2013
- By Doug McKay
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I am long Beans (personal account) again as of this morning at 1340. Last Bean trade was a break even. Stop under last week’s low.
Click on image
Quote of the Day
- December 7th, 2013
- By Doug McKay
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“Most people are not going after what they want. Even some of the most serious goal seekers and goal setters, they’re going after what they think they can get.”
Bob Proctor
Author and Speaker
You Won’t be Able to Keep Your Doctor Either
- December 7th, 2013
- By Gary S. Morrow
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Phase two of the greatest lie ever told. From Megan McArdle:
http://www.bloomberg.com/news/2013-12-05/-doc-shock-on-deck-in-obamacare-wars-.html
After Further Review
- December 7th, 2013
- By Gary S. Morrow
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Filtering through the headline numbers, and media spin. From Mike Shedlock:
About Us
Welcome fellow traders and investors,
As Money Managers and Traders, the mission of our Blog and Radio Show is to go on record and further educate our readers and listeners in technical analysis and proper money management across all asset classes.
Our methods are not the traditional advice you hear repeated and repackaged over and over again, but that’s exactly the point and the reason why we know how to advance and prosper in every kind of market.
To Your Success,
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As Money Managers and Traders, the mission of our Blog and Radio Show is to go on record and further educate our readers and listeners in technical analysis and proper money management across all asset classes.
Our methods are not the traditional advice you hear repeated and repackaged over and over again, but that’s exactly the point and the reason why we know how to advance and prosper in every kind of market.
To Your Success,
Doug, Gary, and Alberto
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