Inflation Seems To Be The Name Of The Game

By: Bill West | Mon, Mar 23, 2009
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3/22/2009 11:09:09 AM

Hello Everybody

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Trade Actions:

Buy one more GLD @ 92 or Better
Buy RJI (ET Note for Commodities) @ 5.75 or better

Market Outlook/Potential Opportunities:

The strategy was right. The timing of it was off. Again we left profits on the table but we still came out ahead as of Fridays close. Now what ? I feel that we are now in no-wheres-vill. We certainly cannot sell the sock market. We have to look to buy but only on good corrections. I feel that it is going to give us a much better entry on some long positions. If I find opportunities during the week, I will shoot out an update during the week. If nothing changes we will keep the weekly format.

GOLD !!! We are Bullish. The 884 level was a major catch point on the weekly and monthly chart. We should go much higher now but to be on the safe side we can now put a stop in. If you wanted to add to the position then a price of 92 would be a good buy.

Inflation is the name of the game for now. Therefore we are going to try to buy an Exchange traded note for Commodities.

It looks like I finally updated my performance and will also start posting and maintaining that.

Current Long Portfolio:

Long GAZ Natural Gas @ 45

It closed at 21.7

Long GLD (Gold) @ 89.90

It closed at 93.6

Stop at 86

 

Long USO (Oil) @ 32

It closed at 30.8

Current Short Portfolio:

None

Recently Closed Positions (ALL WINNERS)

Bought RSU (Rydex 2x SP 500) @ 12.9

Sold at 15.8

Bought EWT (Taiwan) at 7.2

Sold at 7.7

Bought FXI (China) @ 23.5

Sold at 27.3

Bought EWS (Singapore) at 5.5

Sold at 5.8

Bought SZK (Ultra-Short Consumer Goods) @ 85.5

Sold at 102

 

Sold at the Stop

Bought SDD (Ultra-Short Small Cap) @ 81

Sold at 102

 

Sold at the Stop

Bought SRS (Ultra-Short Real Estate) @ 58.4

Sold at 84

 

Sold at the Stop

Bought EWV (Ultra-Short Japan) @ 82

Sold at 109

 

Sold at the Stop

Bought SKF (Ultra-Short Financials) @ 130

Sold at 215

 

Sold at the Highball number

Bought FXP (Ultra-Short China) @ 40

Sold at 43.5

 

Sold at the Stop

Bought FBT (Biotech) @ 20

Sold at 20.9

 

Sold at the Stop

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Thank You

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

 


 

Bill West

Author: Bill West

Bill West
Fat Pitch ETF Advisory

Bill West

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