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OUTPACEsys
Singular Views for Profitable Investing Latest Weekly Report Weekly Market Review - 10-14 November 2008 All the major equities indexes have been trading in a range in the last month, with large and violent swings. We are looking forward to the time when the markets decide which way to go next. That’s when we’ll be able to use the cash reserves we’ve been keeping on hold since the end of last year, when we had the long term indication of the impending downturn that’s still underway. When a trend is established we’ll then be able to open new long term trades.  Fig. 1a - Mini-S&P monthly view For now, however, given the high volatility of the market, this past week we continued focusing on short term trades. Let us review here what we did with the Q’s, our favorite NASDAQ100-related ETF.  Fig 1b - Q's Signals We had two signals in the Q’s, the first on Monday, calling for a bearish trade that we executed with the November 32 Put, symbol QAVWF, and closed on Thursday. The second was a faster long trade we started on the November 30 Call, symbol QAVKB. Keep reading at: OUTPACEsys HOME |
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