Safehaven | Still Stuck in a Trading Range

August 31, 2008

Still Stuck in a Trading Range
by Bill West

8/31/2008 10:21:49 AM

Hello Everybody

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Trade Actions:

None this week. We are holding 6 positions in a 10 position account. I am trying to find a way to move into a balanced portfolio.

Market Outlook/Potential Opportunities:

The stock market is trying to extend it's gains, but is struggling. It should go on for another couple of weeks and then roll over down one more time. I am still looking to add a couple of Short ETF's. The inflation hedges are still under pressure. Gold, Nuclear and Biofuel are long term holds. Still we need to put in some stops in case this change in direction gets worse.

Current Long Portfolio:

Long CGW Global Water @ 25.55	It closed at 23.43	Stop at 22
Long GLD ( Street TRACKS Gold ) at 90	It closed at 81.71	Stop at 73
Long NLR Nuclear Energy @ 32.59	It closed at 29.12	Stop at 25
Long FUE Elements BioFuel @ 10.0	It closed at 9.93	Stop at 9
Long PXN Nanotech @ 14	It closed at 13.94	Stop at 13.5
Long HHJ Emerging Cancer @ 16.5	It closed @ 15.9	Stop at 15

Current Short Portfolio:
None

Recently Closed Positions:
None

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Thank You

If you want to contact me send me an e mail bill@stockbarometer.com.

Bill West
Fat Pitch ETF Advisory

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