3/22/2009 11:09:09 AM
Hello Everybody
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Trade Actions:
Buy one more GLD @ 92 or Better
Buy RJI (ET Note for Commodities) @ 5.75 or better
Market Outlook/Potential Opportunities:
The strategy was right. The timing of it was off. Again we left profits on the table but we still came out ahead as of Fridays close. Now what ? I feel that we are now in no-wheres-vill. We certainly cannot sell the sock market. We have to look to buy but only on good corrections. I feel that it is going to give us a much better entry on some long positions. If I find opportunities during the week, I will shoot out an update during the week. If nothing changes we will keep the weekly format.
GOLD !!! We are Bullish. The 884 level was a major catch point on the weekly and monthly chart. We should go much higher now but to be on the safe side we can now put a stop in. If you wanted to add to the position then a price of 92 would be a good buy.
Inflation is the name of the game for now. Therefore we are going to try to buy an Exchange traded note for Commodities.
It looks like I finally updated my performance and will also start posting and maintaining that.
Current Long Portfolio:
Long GAZ Natural Gas @ 45 | It closed at 21.7 |
Long GLD (Gold) @ 89.90 | It closed at 93.6 |
Stop at 86 | |
Long USO (Oil) @ 32 | It closed at 30.8 |
Current Short Portfolio:
None
Recently Closed Positions (ALL WINNERS)
Bought RSU (Rydex 2x SP 500) @ 12.9 | Sold at 15.8 |
Bought EWT (Taiwan) at 7.2 | Sold at 7.7 |
Bought FXI (China) @ 23.5 | Sold at 27.3 |
Bought EWS (Singapore) at 5.5 | Sold at 5.8 |
Bought SZK (Ultra-Short Consumer Goods) @ 85.5 | Sold at 102 |
Sold at the Stop | |
Bought SDD (Ultra-Short Small Cap) @ 81 | Sold at 102 |
Sold at the Stop | |
Bought SRS (Ultra-Short Real Estate) @ 58.4 | Sold at 84 |
Sold at the Stop | |
Bought EWV (Ultra-Short Japan) @ 82 | Sold at 109 |
Sold at the Stop | |
Bought SKF (Ultra-Short Financials) @ 130 | Sold at 215 |
Sold at the Highball number | |
Bought FXP (Ultra-Short China) @ 40 | Sold at 43.5 |
Sold at the Stop | |
Bought FBT (Biotech) @ 20 | Sold at 20.9 |
Sold at the Stop |
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Thank You
If you want to contact me send me an e mail bill@stockbarometer.com
