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U.S. House Prices Analysis and Trend Forecast 2019 to 2021

Stock Market Outlook/ Potential Opportunities: More Backing And Filling

Stock-Markets / Futures Trading Jun 27, 2009 - 12:31 PM GMT

By: Angelo_Campione

Stock-Markets

Trade Actions:

Sell Stop on TLL @ 25.5
Sell RJI ( Commodities) @ 8 or better TO CLOSE POSITION


Welcome to a summer of a market that will probably just back and fill all summer long.

I have been saying for a while that I believe that the S & P is going to make one more thrust up to the 935-950 area. At that point I will be looking to put on short positions. We have finally gotten that thrust up but it looks like it could push up through it to the 975 area. We did jump at another Ultra- Short. This one could be a mistake. Put a Sell Stop in at 25.5


I think Gold is still bullish. It appears that the weekly and monthly charts are holding, but we are bumping up against some resistance numbers. I am not sure how it is going to pound thru it. I believe that the gold market has already made the correction and is now gearing up to move to the upside. The divergence between Oil and Natural Gas continues but not as bad. We will stay with these two positions. It appears that Nat Gas might falter again but Long term it is a hold

Current Long Portfolio:

Long GAZ Natural Gas @ 45 It closed at 17.8
Long USO ( Oil ) @ 32 It closed at 37.5
Long RJI ( ET Note for Commodities ) @ 6.1 It closed at 7.1
Long GLD ( Gold ) @ 88 It closed at 92.3
Long GLD ( Gold ) @ 90.1 It closed at 92.3
Long SZK (Ultrashort consumer goods) @ 62.5 It closed at 64.3
Long SRS ( Short Real Estate) @ 18.1 It closed at 20.1
Long TLL ( Ultra Short Telecommunications ) @ 32.2
It closed at 25.7 Put in a Sell Stop at 25.5

Current Short Portfolio:


None

Recently Closed Positions

Feel free to email me at angelo@stockbarometer.com if you have any questions or comments.

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By Angelo Campione

Important Disclosure
Futures, Options, Mutual Fund, ETF and Equity trading have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in these markets. Don't trade with money you can't afford to lose. This is neither a solicitation nor an offer to buy/sell Futures, Options, Mutual Funds or Equities. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this Web site. The past performance of any trading system or methodology is not necessarily indicative of future results.
Performance results are hypothetical. Hypothetical or simulated performance results have certain inherent limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not actually been executed, the results may have under- or over-compensated for the impact, if any, of certain market factors, such as a lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown.
Investment Research Group and all individuals affiliated with Investment Research Group assume no responsibilities for your trading and investment results.
Investment Research Group (IRG), as a publisher of a financial newsletter of general and regular circulation, cannot tender individual investment advice. Only a registered broker or investment adviser may advise you individually on the suitability and performance of your portfolio or specific investments.
In making any investment decision, you will rely solely on your own review and examination of the fact and records relating to such investments. Past performance of our recommendations is not an indication of future performance. The publisher shall have no liability of whatever nature in respect of any claims, damages, loss, or expense arising out of or in connection with the reliance by you on the contents of our Web site, any promotion, published material, alert, or update.
For a complete understanding of the risks associated with trading, see our Risk Disclosure.

© 2009 Copyright Angelo Campione - All Rights Reserved
Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.


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