Since last week, the market churn has allowed the 320SMA to achieve 1041-1042. This means there is a fairly sizable support level at the 1040 level.
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEicM1oWVlgaCAAh58EaTVaDsKammi_dG_S_rJsBlfbv_AfEUIWY9Fb79CPcQLaFR8K8LKFX7AFU5B6cgh9UiwbvQtHJVZNdr5xC8ohvb5fCkh2ZOyfEwaAVfV-LRFaoOd6wUnnNTyGTI-c/s400/sc.png)
Since I already to C the other day, and already pretty long GS, I want to continue adding to IBM (although already my largest position) and NAT.
ON A SIDE NOTE: Read an article today regarding freight container shortages. Thought it was interesting because the BDI does not correlate to the article. I would expect to see the BDI higher due to this shortage. Will keep my eye on this trend, but a container shortage is a fairly bullish development.
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhkWZD6ovQrz9hgSXaGPWttePUFt_M9s5n7t4P22_I1EHT1QRozLT82UdJH2i8wkTL4QFfAdcBvTneJiN9jvFnzglesQNOH4SqRLETBq4UOWDreMVDsFY6h8VNSJBL3AJLt6SkGS060iV8/s400/sc-1.png)
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