HedgeFundTradeAlert

Stocks recorded their fourth consecutive week of gains and ended higher despite a midweek slump Stocks as investors see better days ahead for the economy. The Dow Jones Industrial Average, Nasdaq, and S&P 500 all moved higher. Investors appeared to ruminate over the Federal Reserve’s announcement on Tuesday that the central bank would “provide additional accommodation if needed to support the economic recovery”—a sign that policymakers remained concerned about recent weakness in economic data

Housing starts surged 10.5 percent in August, to a seasonally adjusted annualized rate of 598,000. The jump was a surprise to economists, and a contrast to July’s data, which was revised downward slightly to an increase of just 0.4 percent.

New home sales for August showed an uptick from July, moving from 276,000 to 288,000 annualized sales and roughly in line with the consensus number of 290,000

In the 2 markets I love to hate, Crude oil futures were trading at $76.30 a barrel on Friday afternoon and Gold futures surged above $1,300 an ounce for a few moments on Friday, setting all time highs.

For the week we took out a solid 19.5 points putting us at 43.2 for the month and for the year we are now at a continued record setting 487.15

Remember…. Each point = $1 in profits x the number of shares you would normally trade… So if you would have been trading with us in all our previous open positions and closed out along with us, with just an average of 1000 shares per trade you would have made $19,500 this week

Open Positions

Note…. In many of these trades we may have already taken some profits which are included in the totals above therefore these totals reflect current open positions only.

Hello All. U.S. stocks rose this week as encouraging earnings reports and improved employment data boosted investor sentiment and apparently encouraged by news of an international agreement on banking regulations over the weekend.

Regulators meeting in Switzerland announced plans to phase in higher capital ratio requirements for banks that not take full effect for eight years and thus posed little immediate threat to bank profits. September is a historically down month for stocks but so far they have started out strong, helping bring the broad S&P 500 and the technology-oriented Nasdaq indexes back into positive territory for the year

More encouragingly, retail sales expanded in August, and the Labor Department said that initial jobless claims totaled 450,000 for the week, their lowest level in two months This was in-line with expectations and rising producer prices helped dispel some fears about deflation.

In the 2 markets I hate, Gold prices rose to a record high of $1,282.75 a troy ounce before easing to a bid of $1,276 mid-afternoon on Friday amid talk that central banks will be net buyers of bullion this year for the first time in two decades and as worries increased that the U.S. Federal Reserve Board is planning further quantitative easing.. And Crude oil futures were lower trading just above $73 a barrel on Friday afternoon.

For the week we took out a solid 12.05 points putting us at 23.7 for the month and for the year we are now at a continued record setting 467.65

Remember…. Each point = $1 in profits x the number of shares you would normally trade… So if you would have been trading with us in all our previous open positions and closed out along with us, with just an average of 1000 shares per trade you would have made $12,050 this week

Open Positions

Note…. In many of these trades we may have already taken some profits which are included in the totals above therefore these totals reflect current open positions only.