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Market Oracle FREE Newsletter

Nadeem Walayat Financial Markets Analysiis and Trend Forecasts

We Are Nibbling On Stock Market Shorts

Stock-Markets / Stock Index Trading Sep 14, 2009 - 03:49 AM GMT

By: Bill_West

Stock-Markets

Trade Actions:
Buy GAZ ( Natural Gas ETF ) at 14 or better
Buy SEF ( Short Financials) at 46 or better
Buy MYY ( Short Midcap 400) at 47 or better
Buy DOG ( Short Dow ) at 55 or Better
Buy AGA ( Ultra Short Agriculture) at 43 or better



Market Outlook/Potential Opportunities:


Gold has broke out of its pennant formation, which started this past February and appears ready to accelerate to the upside. I am having a hard time believing it will be this easy. I am long term bullish, but I still believe that a longer term pennant formation going back to March of 08 might prevail and push Gold back down to scare out all the longs before the major move up, with the ultimate move up not starting to the second quarter of 2010. That is why I am a little reluctant to play gold at this time. But we will see

It appears just when everybody is throwing in the towel on natural gas, that it might of made a bottom. We are going to try and get long again on GAZ. We also got stopped out of our short oil position

Well we are officially long a couple of funds that are short the US stock market. The market is overextended and ready to crack down. In case it does not and rallies some more, we will enter a couple more shorts at our price.

Agriculture commodities are in a downward spiral and we are trying to enter Ultra-Short positions in them

Current Long Portfolio:

Bought SH ( Short SP ) at 57 It closed at 57.1
Bought RWM ( Short Russell ) at 48 It closed at 47.8
Long NLR ( Nuclear Energy ) @ 23.4 It closed at 24
Sell stop at 22.5

Current Short Portfolio:

None

Recently Closed Positions


Buy DTO (Ultra Short Note on Oil) @ 80 Sold at 79.9

Bought DZZ (Ultra Short Note on Gold) @ 21.2 Sold at 19

Bought ITA ( Aerospace ) @ 41 Sold at 45.2

Short RJA ( Agriculture ) @ 7.1 Bought at 7.1

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.


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