Energy And Metals Picking Up Steam
7/26/2009 12:23:22 PM
Hello Everybody
To learn more about my Fat Pitch ETF Advisory, please click here.
Trade Actions:
Buy INP (India) @ 50 or better
Buy ITA (Aerospace) @ 41 or Better
Buy JJC (Copper) @ 33 or Better
Buy NLR (Nuclear Energy) @ the Market
Sell Short RJA (Agriculture) @ 7.1 or Better
Market Outlook/Potential Opportunities:
The inflation theme seems to be picking up a little steam. The stock market ripped the cover off the ball. After a short pullback, I expect the S&P to roar ahead again up to 1060 by the middle of September. Then I feel that a more substantial correction might take place. Many ETF's have already run up, but if we do get a short-term pullback, I will send out some more recommendations during the week.
Current Long Portfolio:
Long GAZ Natural Gas @ 45 |
It closed at 16 |
Sell Stop @ 14 |
|
Long USO (Oil) @ 32 |
It closed at 36.2 |
Sell Stop @ 31.5 |
|
Long GLD (Gold) @ 88 |
It closed at 93.4 |
Sell Stop @ 88 |
|
Long GLD (Gold) @ 90.1 |
It closed at 93.4 |
Sell Stop @ 88 |
|
Current Short Portfolio:
None
Recently Closed Positions:
Bought SBB @ 51.6
Sold SBB (Short SP Small Cap) @ 49
Bought @ 62.5
Sold SZK (Ultrashort consumer goods) @ 59
Bought SRS @ 18.1
Sold SRS (Short Real Estate) @ 19.4
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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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