Once Again We Are Loaded For Bear

By: Bill West | Sun, Feb 15, 2009
Print Email

2/15/2009 7:01:47 PM

Hello Everybody

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

Trade Actions:

Buy SZK ( Ultra-Short Consumer Goods ) at 85.5 or better
Buy SDD ( Ultra-Short Small Cap ) @ the Market

Market Outlook/Potential Opportunities:

The Stock Market is at a very critical crossroad. My interpretation is the direction is going to be a hard down move. After this hard shakeout I would expect the market to set up a more tradable bottom. That being said I still need to calculate some good stops on these ultrashorts in case I am (wr. wrooo. wroooon. wrong) Boy that was hard to say. Those will be coming shortly if they are not listed already.

By the way somebody wrote me a tongue in check comment about how I could take profits when I only had one profitable position. Things changed in one week as we now have 5 profitable positions and a couple of them are about to explode higher. Entry into a position is not cut and dry. Sometimes going to the market works in your favor and sometimes it backfires. Limit orders usually work best with ETF's but sometimes you will miss a trade or two by using them. A good example is COW. I tried to recommend a short position last month on a limit order. We never got filled. We lost a great opportunity. That happens. But if I say go to the market, we might have to sit for a couple of weeks sweating out a losing position before it turns in our favor.

Current Long Portfolio:

Long FBT ( Biotech ) @ 20

It closed at 21.5

Place a sell stop at 21

Long SRS ( Ultra-Short Real Estate ) @ 58.4 

It closed at 68.8

Place a sell stop at 53


Long GAZ Natural Gas @ 45

It closed at 22.8

Long GLD { Gold ) @ 89.90

It closed at 92.6

Long USO ( Oil ) @ 32

It closed at 25.6

Long SKF ( Ultra-Short Financials ) @ 130

It closed at 145.5

Place a sell stop at 120


Long FXP ( Ultra-Short China ) @ 40

It closed at 36.3

Long EWV ( Ultra-Short Japan ) @ 82

It closed at 90.5

Place a sell stop at 78


Current Short Portfolio:

Recently Closed Positions

If you're receiving this, you can access all our previous articles and recommendations by clicking here.

If you cannot recall your username and password, please email us at customersupport@stockbarometer.com.

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

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

Thank You



Bill West

Author: Bill West

Bill West
Fat Pitch ETF Advisory

Bill West

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.

Copyright © 2008-2011 Bill West

All Images, XHTML Renderings, and Source Code Copyright © Safehaven.com