Interesting Week For Gold
8/2/2009 2:09:51 PM
Hello Everybody
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Trade Actions:
Buy INP (India) @ 50 or better
Buy JJC (Copper) @ 33 or Better
Market Outlook/Potential Opportunities:
Interesting week for GLD. It appears for a day that the bullish theme was over then came roaring back in a course of an hour. These and the fact that the weekly and monthly chart was saying that could happen, now makes for a very bullish case. The stock market is overbought but projections are still for an SP of 1060. Once again I will send out some more recommendations during the week if situations warrant it.
Current Long Portfolio:
Long GAZ Natural Gas @ 45 |
It closed at 15.3 |
Sell Stop @ 14 |
|
Long USO (Oil) @ 32 |
It closed at 36.8 |
Sell Stop @ 31.5 |
|
Long GLD (Gold) @ 88 |
It closed at 93.3 |
Sell Stop @ 88 |
|
Long GLD (Gold) @ 90.1 |
It closed at 93.3 |
Sell Stop @ 88 |
|
Bought ITA (Aerospace) @ 41 |
It closed at 42 |
Buy NLR (Nuclear Energy) @ 23.4 |
It closed at 22.8 |
Current Short Portfolio:
Short RJA (Agriculture) @ 7.1 It closed at 7.3
None
Recently Closed Positions
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Thank You
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Author: Bill West
Bill West
Fat Pitch ETF Advisory
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