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09/2008
28.04.2008
Editor's
Notes
Trading
Tips:
How to monitor stock volume during trading day
Sector
and ETF
Watch list
Stock
watch list
Contact me
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Simple
stock trading
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Stock
indexes near important resistances
Gold started expected decline
Hello,
last week presented stock markets as markets without any strong idea.
Only some reactions in stock after earnings but generally nothing
special
SP500 and Nasdaq retraced during last two months to current levels
which are very near important resistances
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It is very important to watch how they will act there. Maybe FED
interest rate decision and commentary will help traders and investors
to move markets into new trend.
I would like to say that current levels of stock market indexes
represent good entry point for short trade. Risk reward is very good
especially for position trades. I plan to" test the water" with small
shorts in SP500 and in Europe in DAX and Swiss stock index (SMI) . If
this idea will be correct I will add into these trades.
I hope that after not nice moves during last two months markets will
finally decide what they will do. A lot of big traders and
investors (banks, funds, hedge funds ...) are sitting on cash
and are not going to the market. Sooner or later they will need to move
cash into market one way or another. I think this week with FED and
important macro data releases will help them to make decision.
Situation right now is still more favoring short side. But if markets
will decide to make new strong uptrend again, no problem. I will go
with it.
Also did you notice how gold dropped during last week ? I was prepared
and enter short trade. I think gold can move to 800 level during next
days or weeks.
Happy trading,
Richard
How to monitor stock volume during
trading day
Entering of trade when strong volume is developing could result in much
more profits. Therefore I monitor stock trading volume also
during trading day.
.... top of newsletter
Sector and ETF Watch List
Most sectors are in neutral
position as they retraced some way after January sell-off.
Long
ETF watch list: GML, XLB,XLE,EWZ,RTH,IYR,UNG
Short
ETF wacth list: INP,SMH,TTH,WMH, XHB,GUR, GLD and SPY (or Inverse ETF symbol "SH")
This International ETF tracking
Emerging European market presents signs of weakness or distribution.
From my point of view this is good ETF to watch for swing or position
short trade
Stocks Watch List
I noticed good weakness in Industrial and Telecomm sectors so I think
there are several good stock picks for short trades in these areas.
Long
Watch list: NKE, CVS,PRGO,STR,OY,NYB, NHP, LSTR,
HCBK, GWR, GIS, FRO, CBU
Short
trade watch list: PLL,WR,KMB, DNA, ENR,
CASY,VIP, ROK
Questions ?
I will be pleased to reply to any of your questions. Do you have
something to discuss ? Or would you like to read something in next
issue of newsletter or on my web pages or in my blog ? Let me know .
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