New Signal

By: Angelo Campione | Fri, Sep 28, 2007
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9/28/2007 11:07:59 PM

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Our services' net portfolio gain 64.63% over 9 months. A 79.42% Annualized Return! For a full break up of this performance, CLICK HERE.

New Position.

Our system has now moved into Sell mode. The new suggested trade for the open of trade Monday, October 1 is:

BUY to Open SPX Oct 1600 Call Option (Symbol: SPBJT) and SELL to Open SPX Oct 1590 Call Option (Symbol: SXMJR) for a minimum net credit of $0.60.

This equates to a premium you receive of $60 per $1,000 of margin (before commissions).

Position Recap:

On September 25th we sold an SPX Oct 1355(SXYUB)/1345(SXYUT) Put Option Spread for a net credit of $0.35. (i.e. $35 per $1,000 of margin)

Note: The number of put spreads we sold was only half the amount we would normally do. On the performance page this will be shown as 8 contracts.

SPX Chart

Last week I painted two likely scenarios, neither one of which came through! The market essentially went sideways, consolidating its large rise from the previous week. This consolidation now paves the way for a larger move and we believe that move to be to the downside (October always has the ability to surprise and a large drop is not out of the question, 1480 is the area to watch). Of course we may still be surprised by a move higher and if so, the October 1590 Calls will give us a good degree of safety.

Have a great weekend and Feel free to email me directly at angelo@stockbarometer.com if you have any feedback or questions.

 


 

Angelo Campione

Author: Angelo Campione

Angelo Campione
"Improved Speculation Through Timing"

About The Advantage Report Trader Alert:

The Advantage Report is a timing service that allows you to maximize profit in both bullish and bearish market, we have a proprietary system that issues buy or sell signals based on several algorithms.


The signals we have are:

BUY - This means go long in your desired investment vehicle.
SELL - This means go short in your desired investment vehicle.
PRELIMINARY BUY or SELL - This means be alert to a potential change of signal and be ready to take action shortly but DO NOT take action yet.
STOP - This means close your positions and go to cash

To Learn more about us: Click Here

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