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CHARTSMITH
Weekly Market Update
Welcome to the "paper trading" market update for the week of July 3rd, 2009. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ This week went by quick with major commodity exchanges in the U.S. closed today (Friday) going into our nation's 4th of July celebration weekend. Great things are happening in the markets so let's jump in and take a look... Cotton
Last week cotton began showing strength--and again this week with a closing at 60.92 cents/lb on the December contract. Our moving average lines (4, 9, & 18) are nearing coordination and MACD is closing in on the pivot point...Keep watching for a long side entry point to develop. Note: Even though ChartSmith is qualifying Cotton as a market trading in the Low Zone it's important to keep in mind that its present position is near to crossing into Mid Zone territory. If we receive a coordinated buy signal, we'll move in lightly with initial positions using protective stops under recent support areas. Whether paper trading or using real money, exercising caution at this price level is required. Refer back to Chapter 12 of the ChartSmith-Forging Your Financial Future workbook for risk management. To view the daily chart go to: http://futures.tradingcharts.com/chart/CT/C9 Eurodollar
Lumber
This past
week we closed out long positions in the September 09 contract with a profit of $2,167.00 per contract. Lumber
has continued to sell off this week with a closing at $210/1,000BoardFeet. To view the chart go to: http://futures.tradingcharts.com/chart/LU/99 Natural
Gas
****Be sure to check out the fabulous 4th of July recipe from our company commodity goody cook, Shawna; it's the American Flag Cake and we've recently posted this delightful dessert on the Commodity Recipe page!**** Quote of the Week Obstacles are what you see when you take your eyes off the goal. ~anonymous Those who desire to give up freedom in order to gain security will not have, nor do they deserve, either one. ~Benjamin Franklin 
PS: here's the little story we promised you... Fetching Cotton A debt collector knocked on the door of a country family, that made their living weaving cloth. "Is Jack home?" he asked the woman who answered the door. "Im sorry," the woman replied. "Jack's gone for cotton." A few weeks later the collector tried again. "Is Jack here today?" Once again the answer was "No, sir, I'm afraid he has gone for cotton." When he returned for the third time and Jack was still nowhere to be seen, he complained, "I suppose Jack is gone for cotton again?" "No," the woman answered solemnly, "Jack died yesterday." Suspicious that he was being avoided, the collector decided to wait a week and investigate the cemetery himself. But sure enough, there was poor Jack's tombstone, with this inscription: ... "Gone, But Not for Cotton." :) Enjoy your weekend!  Please read our IMPORTANT NOTICE: Futures and Options
trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept
them in order to invest in the futures and options markets. Don't trade with money you can't afford to lose. Nothing
in our commodity futures workshops, website, or newsletter shall be deemed a solicitation or an offer to Buy/Sell futures
and/or options. No representation is being made that any account will or is likely to achieve profits or losses similar to
those discussed during the workshops or on our site. Also, the past performance of any trading methodology is not necessarily
indicative of future results.
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