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Nadeem Walayat Financial Markets Analysiis and Trend Forecasts

Could The Deflation Arguement Start Up Again

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

By: Bill_West

Stock-Markets

Hello Everybody

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


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

If you're interested in continuing to receive our ETF Trades, please click here to go to our subscribe page.

Thank You

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

Important Disclosure
Futures, Options, Mutual Fund, ETF and Equity trading have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in these markets. Don't trade with money you can't afford to lose. This is neither a solicitation nor an offer to buy/sell Futures, Options, Mutual Funds or Equities. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this Web site. The past performance of any trading system or methodology is not necessarily indicative of future results.
Performance results are hypothetical. Hypothetical or simulated performance results have certain inherent limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not actually been executed, the results may have under- or over-compensated for the impact, if any, of certain market factors, such as a lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown.
Investment Research Group and all individuals affiliated with Investment Research Group assume no responsibilities for your trading and investment results.
Investment Research Group (IRG), as a publisher of a financial newsletter of general and regular circulation, cannot tender individual investment advice. Only a registered broker or investment adviser may advise you individually on the suitability and performance of your portfolio or specific investments.
In making any investment decision, you will rely solely on your own review and examination of the fact and records relating to such investments. Past performance of our recommendations is not an indication of future performance. The publisher shall have no liability of whatever nature in respect of any claims, damages, loss, or expense arising out of or in connection with the reliance by you on the contents of our Web site, any promotion, published material, alert, or update.
For a complete understanding of the risks associated with trading, see our Risk Disclosure.

© 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.


© 2005-2019 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


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