Market Outlook/Potential Opportunities:

Interesting week for GLD. It appears for a day that the bullish theme was over then came roaring back in a course of an hour. These and the fact that the weekly and monthly chart was saying that could happen, now makes for a very bullish case. The stock market is overbought but projections are still for an SP of 1060. Once again I will send out some more recommendations during the week if situations warrant it.

Current Long Portfolio:

Long GAZ Natural Gas @ 45 It closed at 15.3
Sell Stop @ 14Long USO ( Oil ) @ 32 It closed at 36.8
Sell Stop @ 31.5
Long GLD ( Gold ) @ 88 It closed at 93.3
Sell Stop @ 88
Long GLD ( Gold ) @ 90.1 It closed at 93.3
Sell Stop @ 88
Bought ITA ( Aerospace ) @ 41 It closed at 42
Buy NLR ( Nuclear Energy ) @ 23.4 It closed at 22.8

Current Short Portfolio:
Short RJA ( Agriculture ) @ 7.1 It closed at 7.3

None

Recently Closed Positions

By Bill West

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Thank You

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© 2009 Copyright Angelo Campione - All Rights Reserved
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