Trading Alerts
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Market Strategies Newsletter
Trading Alerts – Trading Systems That Work
August 13, 2012 Market Strategies Newsletter
How To Invest Now, Stocks To Buy And
Options Trading Strategies
Providing Trading Alerts and
Trading Systems That Work
Make Money In Up Or Down Markets.
A Publication of Princeton Research, Inc. (www.PrincetonResearch.com)
Contributing Staff: Michael King, Bill Chippas, Charles Moskowitz
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$10,000 OPTIONS Trading Account
New Trades for this week:
The $10,000 Portfolio
Options Trading Account
Had a loss last week of
$ 154 lowering our
gains for the year to $ 11,600.
A 116% Return
2 Open positions remain.
Total Funds in use: $ 1,250
Traders Comments
We had a small loss this week as the market rallied pretty anemically. At least we broke the trend of down Mondays. We have rallied up to the area of the highs from April and early May and it feels to me that we are running into some very formidable resistance.
I would expect the SPY (if it can’t break up from here) to pull back and test the 138 zone and possibly the 25 day moving average near 137. This would not negate the trend but rather reinforce the underlying support. Should it fail, we have support at 135 and again at 133.
The rising 200 day MA comes in at 132.
My concern is with the psychological underpinnings. We have a great deal of negativism creeping into the public sector, driven by the dramatically negative ads being run by the Superpacs on both sides of the aisle. If people continue to be bombarded by these ads it can only lead to another period of disenchantment with everyone in or connected to Washington. As we all know, sentiment can turn on a dime.
We will be taking a good look at the Gold market again this week. The charts show a narrowing range and when we see stimulus from Germany (currently very close to a technical recession) and China, whose exports came in at a 1% gain vs. 8% expected I believe we will be off to the races back toward the $1800 area. We will use the GLD Etf to participate.
As always, we will seek to maintain a balanced approach and look for the non-correlated trades to gain an advantage……..CAM
NOTE: This is a Sample Issue Only!
TO GET OUR TRADE ALERTS BY
TEXT MESSAGE AND
THE COMPLETE VIP MEMBERS ONLY
MARKET STRATEGIES NEWSLETTER ISSUES
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TO YOUR RIGHT.
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