7/20/2008 9:48:30 PM
Hello Everbody, Welcome to my newsletter
To learn more about my Fat Pitch ETF Advisory, please click here.
Trade Actions:
There are no trade actions for now. Very difficult environment. There is not a convincing move out there.
Market Outlook/Potential Opportunities:
Not sure about the market right now. I cannot be bearish here but I cannot be bullish either. Should be a trading range with a lot of volatility. The trend for the stock market is still down but too much risk to be short. FBT Biotech should be a leader in any up move and is showing good relative strength. We are long Gold, but even the Metals are lacking full conviction.
Current Long Portfolio:
Long CGW Global Water @ 25.55 | It closed at 22.97 | No Stop |
Long GLD ( Street TRACKS Gold ) at 90 | It closed at 94.17 | |
Buy GDX ( Market Vectors Gold Miners ) @ 46 | It closed at 47.55 | |
Long NLR Nuclear Energy @ 32.59 | It closed at 31.7 | No Stop |
Long FUE Elements BioFuel @ 10.0 | It closed at 10.87 | No Stop |
Long FBT Biotech @ 23.2 | It closed at 24.33 | No Stop |
Current Short Portfolio:
None
Recently Closed Positions
None this week
Thank You
If you have any questions my e mail is bill@stockbarometer.com.
