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Position Alerts Update Re: C, BAC, UYG, and Eurodollar

8/2/2009 4:32:44 PM

Welcome to TheJ.E.D.I. Way.

If you are receiving these alerts on a free trial, you have access to all of our previous articles and recommendations by clicking here: http://www.stockbarometer.com/articles.aspx?subscriptionid=20.

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LONG-TERM TREND (> 1YR) OF THE MARKETS: DOWN

SHORTS

LONGS

None

BAC (Bank of America Corporation: NYSE)

 

UYG (ProShares Ultra Financials, ETF: NYSE Arca)

 

EDQ999.375P (Eurodollar August 2009 99.375 Put Option)

 

EDQ999.50C (Eurodollar August 2009 99.50 Call Option)

This e-mail is to alert you that The J.E.D.I. Way was stopped out of its long position in Citigroup, Inc. (Ticker Symbol: C) at $3.01 and will protect our gains on the remainder of our long positions with the following protective stops. (See charts 1, 2, and 3 below after commentary on the Dow Jones Industrial Average, for BAC, UYG, and the August 2009 Eurodollar)

DOW JONES INDUSTRIAL AVERAGE DAILY CHART (DJIA)

BANK OF AMERICA DAILY CHART (BAC)

PROSHARES ULTRA FINANCIALS, ETF (UYG)

EURODOLLAR AUGUST 2009 DAILY CHART

Until Next Time.

Thanks for listening; Good Luck in your Trading; And May the force of volatility be you!

Best Regards,

 

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