Could The Deflation Arguement Start Up Again

Stock-Markets / Stock Index Trading Aug 16, 2009 - 05:30 PM GMT

Hello Everybody

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Trade Actions:

Buy DTO (Ultra Short Note on Oil) @ 80 or Better Buy DZZ (Ultra Short Note on Gold) @ the Market Sell Short TAO (Chinese Real Estate) @ 18.5 or Better

Market Outlook/Potential Opportunities:

Gold is stuck in a pennant formation, torn between two arguments as to which way it will turn. It might be a trap but it appears that the direction will be down. Therefore we are going to buy DZZ. This is an Exchange Traded Ultra short Note on Gold. The stock market is overbought but projections are still for an SP of 1060. It is very tough to chase this market, but I can't justify a short at this time. It does not give a great entry zone. China showed some poor relative strength on this last up move. Once the market falters, this could be the first to stumble. 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 14.4
Sell Stop @ 14
Long ITA (Aerospace) @ 41	It closed at 43.3
Long NLR (Nuclear Energy) @ 23.4	It closed at 23.3

Current Short Portfolio:

Short RJA (Agriculture) @ 7.1	It closed at 7.2
Buy Stop @ 7.5

Recently Closed Positions

Long USO (Oil) @ 32 Sold at 37.9 Long GLD (Gold) @ 88 Sold at 93 Long GLD (Gold) @ 90.1 Sold at 93

By Bill West

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Thank You

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

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© 2009 Copyright Bill West - All Rights Reserved
Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.

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