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| Contents |
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| PORTFOLIO AND TRADES
- This week we closed a long position in PG, initiated on July 14th and
closed on Thursday, aimed at following a countertrend up. You can view
a description of this trade in this video. |
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| Underlying Equity | Symbol | Description | % Profit/Loss | Time in trade |
| PG |
PG
HM |
AUG08 65 Call |
+76% | 14
days |
| IN A NUTSHELL
- Stocks
closed the week very close to 0% price change. The bullish countertrend
continued and gave us some good opportunities for short-term long
trades. Equities indexes have been moving up in the last three weeks
but are still below mid-term resistance, which keeps on hold any
long-term trades. Crude Oil continued in the strong correction that has now shaved away a good 20% to its price. Long-term support is getting close and might affect the course in the coming weeks. Gold continued the retracement from an earlier attempt to go long and is back trading in a range. It remains in a bullish long-term posture. LOOK AHEAD - Given the indecisive posture of the markets, next week we'll focus on short term trades. We'll keep on hold our long term positions. ***
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| Dear
Fellow Investor, This is the latest of our reports providing status and trends of the major components of the financial markets, both in the US and internationally. We will review the major indexes and key sectors of the market. We will also report on Alternate Markets and on the performance of specific industries. These reviews form the basis of the in-depth analyses that feed our analytical models, upon which we base our trading approach and drive our trade selection process. In the interest of not wasting anybody's time, we keep these notes concise and to the point, while we strive to provide clear indications on the identified trends and very actionable suggestions. We hope you will enjoy the following reviews of this week's events. If you have any questions or suggestions, please feel free to e-mail us here! |
| 28 July - 1 August 2008 Market Trends - Equities Stocks are working a relatively slow recovery from an almost year-long decline. The week performance was close to nil, but the new short-term uptrend is confirmed. Click here for the video version of this report. The charts at the right show the price history, in terms of relative performance, of the S&P500, the Dow Jones, and the Nasdaq 100 indexes. Individual weekly charts for the S&P, DJ and NASDAQ are on the right. See below for comments on other market components. |
![]() Fig.1
- DJ Ind, NASDAQ100 and S&P500: 2 week comparative performance
![]() Fig.2
- DJ Ind, NASDAQ100 and S&P500: YTD comparative performance
![]() Fig.3
- S&P500
- weekly chart
![]() Fig.4
- DowJones
Industrial - weekly chart
![]() Fig.6
- NASDAQ
100 - weekly chart
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| Country-specific ETFs All the international markets we follow are in negative territory YTD. On the right is a chart showing the relative Year-to-Date performance of five of the country-specific ETF's that we chose to represent current round- the-world status. |
![]() Fig.7 - Country specific trend comparison: YTD |
Market Trends - Commodities Crude Oil lost more than 20% from its recent peak and is now challenging long-term support. Gold is back to a multi-month long trading range and below short-term resistance. Weekly charts for Oil and Gold are on the right. |
![]() Fig.8 - Crude Oil, Gold and Gov Bonds vs S&P500: 3 months ![]() Fig.9 - Crude Oil, Gold and Gov Bonds vs S&P500: YTD ![]() Fig.10
- Crude Oil, weekly chart
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Bottom line: Our plan for 2008 is to continue following our proven approach and strategies to
As usual, the full details of our market analysis and real-time trade suggestions will be delivered to you via the OUTPACEsys e-mail alert system.
*** Read about our proven approach to
winning
trades and ***
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