Biotech is the Leader

By: Bill West | Sun, Jul 20, 2008
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7/20/2008 9:48:30 PM

Hello Everbody, Welcome to my newsletter

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

Trade Actions:

There are no trade actions for now. Very difficult environment. There is not a convincing move out there.

Market Outlook/Potential Opportunities:

Not sure about the market right now. I cannot be bearish here but I cannot be bullish either. Should be a trading range with a lot of volatility. The trend for the stock market is still down but too much risk to be short. FBT Biotech should be a leader in any up move and is showing good relative strength. We are long Gold, but even the Metals are lacking full conviction.

Current Long Portfolio:

Long CGW Global Water @ 25.55

It closed at 22.97

No Stop

Long GLD ( Street TRACKS Gold ) at 90

It closed at 94.17

 

Buy GDX ( Market Vectors Gold Miners ) @ 46

It closed at 47.55

 

Long NLR Nuclear Energy @ 32.59

It closed at 31.7

No Stop

Long FUE Elements BioFuel @ 10.0

It closed at 10.87

No Stop

Long FBT Biotech @ 23.2

It closed at 24.33

No Stop

Current Short Portfolio:
None

Recently Closed Positions
None this week

Thank You

If you have any questions my e mail is bill@stockbarometer.com.

 


 

Bill West

Author: Bill West

Bill West
Fat Pitch ETF Advisory

Bill West

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