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Market Oracle FREE Newsletter

How to Protect your Wealth by Investing in AI Tech Stocks

Stock Index Traders Protect Profits Here

Stock-Markets / Stock Index Trading Jan 05, 2010 - 12:42 AM GMT

By: Bill_West

Stock-Markets

Hello Everybody

Trade Actions: None at this time Tighten up stops on positions


Market Outlook/Potential Opportunities:

The up thrust is here. It appears very muted. Possibly due to Holiday trading. Where it finally stops is difficult to ascertain, but it does appear to be running out of energy. This is a difficult decision but we must tighten up our stops in order to protect our profits. We are running the risk of getting stopped out only to find that the market resumes its upward thrust and we are left out. That is the chance we must take. The minimum upward targets on the indexes have been meet so a correction could come at anytime. Also the market is quite complacent here so any little trigger could surprise people. Do we get short here ? I am not convinced that is a good strategy right now, but I could change my mind in a couple of weeks.

Gold will end up trading between 1500 and 2000 dollars an ounce. Corrections will come like what we saw the last few weeks but we will stay with it through thick and thin. There could be more of a correction coming. Right now Gold is taking a pause as it allows the other metals like Platinum and Palladium to catch up. If you look at these two metals, they are off to the races. Once they are all in sync again, I expect Gold to resume its upward course.

Ditto for Copper. We are now long a Copper fund (JJC) . Recession or not, there is always a high demand for copper. We will have a stop working on this trade though. On an interesting side note: Did you see that China has negotiated a long-term contract with Afghanistan to develop their copper mines. We do the dirty work and China picks the fruit.

Current Long Portfolio

Buy SSO (Proshares Ultra SP 500) at 36.6 It closed at 38.2
Sell stop at 37.8
Bought JJC (Copper) at 42.1 It closed at 45.8
Sell stop at 44
Bought ITA (Aerospace) at 48.8 It closed at 51
Sell stop at 50.8
Bought RYT (Proshares Technology) at 41.8  It closed at 45.7
Sell stop at 45.3
Bought EPI (India) at 21 It closed at 22
Sell stop at 21.6
Bought GLD (Gold) at 107.2 It closed at 107.3
Bought GDX (Gold Miners) at 46.7 It closed at 46.2
Bought QQQQ (Nasq 100) at 44 It closed at 45.7
Sell Stop at 45.2

Current Short Portfolio:

None

Recently Closed Positions:

By Bill West

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Thank You

If you want to contact me send me an e mail bill@stockbarometer.com

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.

© 2010 Copyright Bill West - 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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