HedgeFundTradeAlert

Hello All…… Stocks got a boost  this week after more modest-than-expected job losses and an unexpected jump in home sales eased some concern that the economic rebound is weakening and enjoyed their best week in nearly two months and rebounded from a three-week losing streak.

The Labor Department reported that unemployment had ticked higher in August, while total payrolls had contracted by 54,000, largely due to the loss of more temporary Census positions. However, private sector payrolls had expanded by 67,000 jobs, more than generally expected

The Case Schiller home price index for June was released on Tuesday showing housing prices were higher by 1 percent in the 10-city index and the Consumer Confidence index was released, beating expectations by coming in at 53.5 for August, up from 50.4 for July. The consensus for the August index was a 51.3 level.

On Wednesday, the ISM manufacturing index for August showed surprising strength, rising to 56.3. Forecasters expected a 53.3 index level in August. Any number above 50 indicates manufacturing activity is expanding.

In the 2 market I hate, Crude oil futures were flat for the week amid volatility, trading around $74 a barrel on Friday afternoon and Gold futures drifted higher this week, selling for $1,241 an ounce mid-day on Friday.

For the week we made .1 points basically wasted our time and for the year we are now at a continued record setting 444.05

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 an average 1000 shares per trade you would have made $100 lol

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.