|
|
|
|
|
Yesterday's System Gains
Wednesday's Portfolio Gains
| SYSTEM |
GAIN/LOSS |
| Trade 4 Cash |
-2.93% |
| SCMV Weekly |
+0.00% |
| Tier 1 Steady MV |
+0.00% |
| Wave Rider |
+0.00% |
|
|
Morning Commentary 7/24/2008 |
 Crude oil is experiencing its longest slide since January. The current RSI reading is approaching the January low, while the negative DMI reading is approaching the January peak. Looking at the chart for possible support points, there is moderate support at around 120, and then again at 110. I don't see a major support point until 100, where it was well established from November through April. A drop to $100 would certainly do a world of good for the U.S. economy.
Trade 4 Cash is selling another winner this morning, making it 9 out of 10 now. However, many of its current holdings, particularly in the energy sector, are dropping. So overall, the system fell another 2.93% on Wednesday. Still, it has gained 8.70% over the past week.
Have a great day!
2 Signals |
|
|
|
Current Market Strength
|
