Market Is At A Critical Crossroad
2/8/2009 7:54:13 PM
Hello Everybody
To learn more about my Fat Pitch ETF Advisory, please click here.
Trade Actions:
None
Market Outlook/Potential Opportunities:
The Stock Market is at a very critical crossroad. If the S&P can break above it's 18 week Moving Average at 875, it could propel the market up through 1000 before it fails again. Otherwise the market is going to fail here and go back to its lows before it sets up a longer-term buy. I will be issuing a mid-week update where we need to put our stops or take profits. No new positions this week.
Also for those of you trying to access my performance, I will have that updated and posted by midweek also.
Current Long Portfolio:
Long FBT ( Biotech ) @ 20 |
It closed at 21.6 |
Long SRS ( Ultra-Short Real Estate ) @ 58.4 |
It closed at 54.3 |
Long GAZ Natural Gas @ 45 |
It closed at 24.8 |
Long GLD ( Gold ) @ 89.90 |
It closed at 89.6 |
Long USO ( Oil ) @ 32 |
It closed at 28.2 |
Long SKF ( Ultra-Short Financials ) @ 130 |
It closed at 126.3 |
Long FXP ( Ultra-Short China ) @ 40 |
It closed at 32.6 |
Long EWV ( Ultra-Short Japan ) @ 82 |
It closed at 78.7 |
Current Short Portfolio:
None
Recently Closed Positions
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Thank You
If you want to contact me send me an e mail bill@stockbarometer.com.
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Author: Bill West
Bill West
Fat Pitch ETF Advisory
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