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Trying to Find a Bottom

9/13/2008 5:40:38 PM

Hello Everybody

To learn more about my Fat Pitch ETF Advisory, please click here.

Trade Actions:

Buy PSQ (Ultra Short Nasq ) @ 58 or better.
Buy AGA ( Ultra Short Agriculture) @ 29.5 or better

Market Outlook/Potential Opportunities:

The stock market is trying to extend its gains, but is struggling. It might 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. We finally had to give up our inflation hedges although we remain long Natural Gas. Getting stopped out might finally be the bottom for the inflation ETF's , but the old axiom, do not fall in love with a position really stands out here. This is a very difficult environment. In order to make money, it takes some very aggressive trading

Current Long Portfolio:
Long GAZ Natural Gas @ 45 It closed at 44.40

Current Short Portfolio:
None

Recently Closed Positions

Long GLD ( Street TRACKS Gold ) at 90

Stop at 73

Long NLR Nuclear Energy @ 32.59

Stop at 25

Long FUE Elements BioFuel @ 10.0

Stop at 9

Long HHJ Emerging Cancer @ 16.5

Stop at 15

Thank You

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

 

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