New Trading Advice
7/9/2009 10:19:39 PM
I'm excited to bring you a new feature of the Daily Stock Barometer.
Each daily article will now include stock charts on the QQQQ, Gold, The US Dollar, Oil, Silver and Bonds that you can easily trade with us on a daily basis.
With those 6 stocks, and 2 ways to trade them (long and inverse), we'll always be able to find a bull market somewhere!
Where available, I've hand-selected 2x and 3x leveraged bull and bear ETFs so you can amplify the normally subdued move of these trading vehicles.
Don't want the added risk? Then just stick with going long and short the underlying security!
These are long and inverse funds so you don't need a margin account and you can trade them all in 401k and IRA accounts.
And ETFs don't have stock specific risk (meaning they generally can't get cut in half by a bad earnings report). So with less risk, you can invest more $$ in a position and profit more from each trade.
Let me know what you think.
Stock Barometer Analysis
The barometer remains in Buy Support Mode. And while Thursday's move wasn't convincing, put options are flying off the shelves, so the market is getting ready for a bounce.
The Stock Barometer is a proprietary market timing system. The direction, slope and level of the Stock Barometer determine our outlook. For example, if the barometer line is moving down, we are in Sell Mode. A Buy or Sell Signal is triggered when the indicator clearly changes direction. Trend, support and resistance can trump barometer signals.
Day Trading Edge
A Day Trader navigates you through 2 to 3 trades per day
Stock Barometer Cycle Time
Friday is day 10 in our UP Cycle.
The Stock Barometer signals follow 5, 8, 13, 21 and sometimes 34 day Fibonacci cycles that balance with 'normal' market cycles. Knowing where you are in the current market cycle is important in deciding how long you expect to maintain a position.
The Advantage Report
Market timing advice for only $10.95/month
Potential Cycle Reversal Dates
2009 Potential Reversal Dates: 1/20, 2/11, 3/7, 3/15, 4/8, 4/16, 4/27, 5/7, 6/8, 7/2, 7/17. We publish these dates up to 2 months in advance.
All eyes are on the 17th. A move down into this date, and I'm bullish. A move up into this date, and I'm bearish. I'm still voting for a move up into the date.
My Additional timing work is based on numerous cycles and has resulted in the above potential reversal dates. These are not to be confused with the barometer signals or cycle times. However, due to their past accuracy I post the dates here.
2008 Potential Reversal Dates: 12/31, 1/11, 2/1, 2/13, 3/6, 4/5, 4/22, 5/23, 6/6, 6/27, 7/13, 9/2, 10/3, 10/22, 11/10, 12/11. 2007 Potential Reversal Dates: 1/10, 1/14, 1/27, 1/31, 2/3, 2/17, 3/10, 3/24, 4/21, 5/6, 6/15, 8/29, 10/19, 11/29, 12/13, 12/23, 12/31, 1/11/08. 2006 potential reversal dates: 1/16, 1/30, 2/25, 3/19, 4/8, 5/8, 5/19, 6/6(20), 7/24, 8/20, 8/29, 9/15, 10/11, 11/28. 2005 Potential reversal dates: 12/27, 1/25, 2/16, 3/4, 3/14, 3/29, 4/5, 4/19, 5/2, 6/3, 6/10, 7/13, 7/28, 8/12, 8/30-31, 9/22, 10/4, 11/15, 11/20, 12/16.
The J.E.D.I. Trader
Stocks, Options and Options on futures advisory service (up over 100% in 2008).
NEW TRADE CENTER
Use the following charts to assist in your trading of the QQQQ, GLD, USD, USO and TLT AND NOW INCLUDING SLV - The Silver ETF.
"Bear" Trades are based on Buying Inverse ETFs that go up as the asset they are derived from goes down. This allows you to trade them in most retirement accounts.
Nasdaq 100 - NASDAQ:QQQQ
Buy QLD for a 2x Bull Trade, Buy QIP for a 2x Bear Trade
Gold - AMEX:GLD
Buy DGP for a 2x Bull Trade, Buy DZZ for a 2x Bear Trade
Bill West's Fat Pitch ETF Advisory
ETF Advisor trades a diversified portfolio of the hottest Exchange Traded Funds.
Buy UUP for Dollar Bull Trades and Buy UDN for Dollar Bear Trades
The McMillan Portfolio ($18.95/Month)
Get specific advice to manage a portfolio of Stocks and Options
Buy TMF for 3x Treasury Bull Trades and Buy TMV for 3x Treasury Bear Trades
Stock Options Speculator
SOS recommends very aggressive stock options plays that target >100% gains.
Buy DXO for 2x Oil Bull Trades and Buy DTO for 2x Oil Bear Trades
Buy AGQ for 2x Silver Bull Trades and Buy ZSL for 2x Silver Bear Trades
Angelo Campione's Advantage
Credit Spreads (Only $25/month)
Using Options to Target Consistent & Conservative Profits - up over 100% in 2007!
Supporting Secondary Indicator
We daily monitor hundreds of popular and proprietary technical indicators that break down market internals, sentiment and money flow to give us unique insight into the market. We feature at least one here each day in support of our current outlook.
The McMillan Letter ($8.95/Month)
Join Analyst Mark McMillan as he identifies current opportunities
Summary of Daily Outlook
We remain inBuy Mode - tentatively. Fear is buildng and can support a bounce, but the last to days have been light, but sometimes that's how reversals start - to keep the crowd out of the trade.
The CBOE chart above shows the building fear - which is usually indicative of a bottom.
On the trading scene, we're not recommending anything at this time. We will. We're just in the middle of any signals. So as they come, if the risk/reward is worth it, we'll take the trade. I will too...
If you have any questions or comments, email me at Jay@stockbarometer.com.