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CHARTSMITH Weekly Market Update Greetings fellow traders! ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Some
of the commodities we've been monitoring have been seen trading lower this week. This is, of course, fabulous
to see these markets moving deeper into the Low Zone for this is what brings a "ChartSmith" the low risk, high
potential gains we enjoy! So without further ado let's jump in... Cotton
December 09 Cotton futures broke its uptrend to settle down for the week. We will continue to watch this market for further lows... To view the daily chart go to: http://futures.tradingcharts.com/chart/CT/C9 Eurodollar
Lumber November Lumber, now the front month based on volume, closed at a new contract low of 172.30 per 1,000 Board Feet. Looks like lumber may try to revisit January 09 lows. Keep watching... To view the chart go to: http://futures.tradingcharts.com/chart.php?cbase=LU&market=LB&cterm=B9 Natural Gas Orange Juice November 09 FCOJ; after a huge pullback one week ago prices consolidated around the 98 cent area. Waiting on fresh buy signal in the wholesale (low) zone to enter this market long... To view the chart go to: http://futures.tradingcharts.com/chart/OJ/B9 SUGAR The March 2010 Sugar contract closed off of its 23 1/2 year highs...down an additional 5 points from the prior week's closing price. Averaged-in option premium is @ 2.07 points per Put with a draw down of $436.80 each, on Friday's close. (1 point = $1,120) Note: Refer to chapter 11 of ChartSmith-Forging Your Financial Future for more details on the Sell High-Buy Low trade setup. To view the daily chart go to: http://futures.tradingcharts.com/chart.php?cbase=SU&market=SB&cterm=30 U.S. Dollar Index The US Dollar Index (Sept. contract) closed down again this week. Heading to test August 5th, 2009 lows. If it continues lower we may see all-time lows tested from March 2008 on the Weekly chart! We'll keep monitoring for a possible long-side entry point to develop... To view the daily chart go to: http://futures.tradingcharts.com/chart.php?cbase=US&market=DX&cterm=99 ChartSmith monitors commodity futures markets in the Low (wholesale) Zone for the Buy Low—Sell High profit opportunity and the High (retail) Zone for the Sell High—Buy Low profit opportunity. Complete details for these and other low risk, high profit trade setups are included in the book, ChartSmith-Forging Your Financial Future. Notables: ~Featured Book of the Month review just released...a book from 1923 that has been called "the most entertaining book ever written on investing"--a book for every serious investor; Reminiscences of a Stock Operator ~ChartSmith's debut on Amazon is only a few days away! Thanks for your support & enthusiasm--we can't tell you how much we appreciate all of you! Quote(s) of the Week
Go boldly toward your goal. Do what you can do today. Make progress. Fall forward. When you're truly at the end of all you can do, THAT's where you'l find the resouces you need to keep going. You have all you need today to do what you need to do. If you don't have what you think you need in this moment, you don't really need it. Do your best with what you have, and you'll find that what you had was enough. ~Leslie Householder, Founder and President of ThoughtsAlive.com and best-selling, award winning author of The Jackrabbit Factor
 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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