HedgeFundTradeAlert

Stocks declined this week as ongoing concerns about the eurozone debt crisis forced investors to the sidelines. The cost of insuring against a default on European sovereign debt approached record levels amid the ongoing search for an exit strategy that is acceptable to all. Investor disappointment that the U.S. Federal Reserve Board refrained from taking new action to bolster U.S. growth further pressured markets.

The U.S. economy continued to demonstrate surprising resiliency in the face of the European debt crisis. The Labor Department reported that weekly jobless claims had fallen to their lowest level since May 2008. A closely watched regional manufacturing gauge also improved, and investors were encouraged by healthy shipping volumes reported by FedEx, often considered a bellwether of economic activity.

For the week we took out 2.7 points in closed trades to move us to -2 the month but for the year we are now up 315.75

Remember… Each point = $1 in profits x the number of shares you would normally trade… So if you would have been trading in all the positions with us with an average of 1000 shares per lot you would have theoretically made $2700

Current Open Positions

Note… In some of these trades we may have already taken some profits or losses which are included in the totals above, therefore these totals reflect current open full or partial positions.