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22/2008
27.10.2008
Editor's
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MY TRADES
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What a crazy month
Hello,
we are definitelly in very interesting period of time. We will tell
about it to our sons and grandsons after few decades. It is something
what is happening once in a life.
I am pleased to be part of it. Trading financial markets in such time is very challenging.
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I did only few trades during last two weeks. There were with ETFs or Forex. But no with individual stocks.
But now I noticed that US stock markets are slowly consolidating. I see some signs of possible correction in front of us.
It will be good. I am not big bull right now, but I feel that
correction must be done. Only such correction will bring new good trade
setups for new shorts. And also such correction will bring some buyers
for strongest stocks. I already monitor some strong stock for possible
long trade setups.
From fundamental point of view I think that brighter times are in front
of US stocks then of European stock markets. I am very bearish on
Europe. I will short EUR and European stock market indexes in any good
pullback.
Happy trading,
Richard
Good stock trading and stock analysis software
There is very important to have good stock trading tools. Stock trading software and stock analysis software are two core tools I use for my analyses and trading.
.... top of newsletter
Sector and ETF Watch List
I closed my short gold trades and now I am waiting for good pullback in
most of watched sectors. I noticed possible good trade setups in
bonds - see chart below
Long
ETF watch list: SHY
Short
ETF watch list: WMH, IYT, XLI, XLY. IEF, TLH
Inverse ETF (long position): DZZ, DUG,SZK, PST
.
Stocks Watch List
Right now there are not too much interesting stocks to watch. But one
sector looks promisingly. It is Airlines. If markets will allow itself
some pullback , these stock could move up strongly.
My airlines trade setups in detail are available here.
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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