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.
