May 5, 2011 Guest Commentary by Randy Degner
Note from dshort: Randy Degner is a commodities trader for an oil company in Houston, TX. Here is his update on the chart he shared yesterday. Look at yesterday’s chart after today’s bloodbath in commodities. An equivalent move in the stock market would take the S&P 500 down to 1250. And that might just be the beginning. If the GSCI breaks the March 15th low at 5117, commodity prices could fall off the table, taking equities with them.
View the original article on dhsort.com
Join the conversation and have a little fun at Capitalstool.com. If you are a new visitor to the Stool, please register and join in! To post your observations and charts, and snide, but good-natured, comments, click here to register. Be sure to respond to the confirmation email which is sent instantly. If not in your inbox, check your spam filter.
