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March 02, 2008 Bulls On Parade |
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Not last week. The start of the week was a good one, staying right in-line with our positioning. The end of the week, however, was not a friend of ours. On a daily look at the SPY, we came all the way back down to test the lows from 2/22 (and actually broke them by 8 cents). That would mean that on a weekly look at the SPY the weekly lows were broken by 8 cents as well. Although the weekly low was only broken by 8 cents, that 8 cents is more than enough of a price move that we need to realign our positions with the way the market is moving. As such, we are tailing back some of our bullishness.
Remove 1/3 of your bullish position (see new weighting below). Current Weighting Suggestion: 1/3 in Bullish Leverage Keep an eye on your inbox for a potential intra-week update. You can email me with any questions at plus@stockbarometer.com. Have a great week!
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Lynn T Various levels of Leverage can be achieved with the following funds or trading vehicles: Direxion Rydex (Rydex Accounts have morning trade options for AM pricing) Profunds ETFs (ETFs can be traded intra day like stocks) Note: while the system will work with the DOW and NDX related funds and ETFs, it is tuned to work best with the S&P. Earn Money referring us to your friends, family and other traders. Click here for details: http://www.stockbarometer.com/affiliate.aspx To ensure delivery and prevent this e-mail from being delivered to your bulk mail folder, please add our 'From' e-mail address, info@stockbarometer.com, to your address book. Important Disclosure Performance results are hypothetical. Hypothetical or simulated performance results have certain inherent limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not actually been executed, the results may have under- or over-compensated for the impact, if any, of certain market factors, such as a lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. Investment Research Group and all individuals affiliated with Investment Research Group assume no responsibilities for your trading and investment results. Investment Research Group (IRG), as a publisher of a financial newsletter of general and regular circulation, cannot tender individual investment advice. Only a registered broker or investment adviser may advise you individually on the suitability and performance of your portfolio or specific investments. In making any investment decision, you will rely solely on your own review and examination of the fact and records relating to such investments. Past performance of our recommendations is not an indication of future performance. The publisher shall have no liability of whatever nature in respect of any claims, damages, loss, or expense arising out of or in connection with the reliance by you on the contents of our Web site, any promotion, published material, alert, or update. For a complete understanding of the risks associated with trading, see our Risk Disclosure. Copyright © 2008-2009 Lynn T Image rendition and html coding Copyright © 2000-2009 SafeHaven.com ADVERTISEMENTS
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