Trading Systems That Work
August 27, 2012
Market Strategies Newsletter
Covering High Return Trading Systems That Work and
Balanced Investing Strategies To
Make Money In Up Or Down Markets
A Publication of Princeton Research, Inc. (www.PrincetonResearch.com)
Contributing Staff: Michael King, Bill Chippas, Charles Moskowitz
Balanced Investing
Trading Strategies That Work
Make Money In Up Or Down Markets.
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We had a small gain of $342 (3.42%) for what turned out to be a see-saw week.
We suffered several small losses on positions that got stopped out due to our 50% down rule.
We also had to take a gain in our GLD position after a 100% up rule followed by a gap up and the liquidation of the balance later the same day.
This was an excellent example of how a
balanced investing trading systems that works approach
helps our performance.
The current YTD gain is just over 117%.
Trading Systems Traders Comments
From my point of view the market is showing signs of fatigue. We have had a great move since the low in early June @ 1280 (S.& P. 500) to the close of 1411 on Friday. Even though many stocks are still showing overall strength, September tends to be the worst month of the year for the market and I am feeling very cautious.
Friday’s reversal from the lows of the week to close at the high of the day was impressive; but I believe that a reasonable retracement of even 1/3 of the move up (35 S & P points) to 1360-1370 would be a better place to initiate new long positions. Remember that the market always looks best at the highs and worst at the lows. We may have a short-term oil shock during this hurricane season that might hurt this market. We will also have plenty of news from the Euro-zone and the meeting at Jackson Hole later this week.
As for the Gold, we have had a series of very good trades within the boundaries of the trading range and while I don’t want to play it from the short side, we will stand aside and see what kind resistance develops between here and the round number $1,700. Should we have a pullback to the $1,640-1,645 range we will be buyers again……CAM
NOTE: This is a Sample Issue Only!
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