HedgeFundTradeAlert

Major global stock indices trended downward this week in response to news of weak manufacturing reports from China and the eurozone. US economic reports, including leading economic indicators, rising consumer sentiment, and fewer jobless claims, were primarily positive, However, housing market data were mixed.

For the week, we took out a whopping 15 points in closed trades, giving us 45.55 in monthly totals and up 111.9 points

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 executed positions with us with an average of 1000 shares per trade you would have theoretically made $15,000 last week

Current Open Positions

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

Investors dumped funds into risk assets this week, pushing most US and European equity markets higher. Among risk-on catalysts were better US economic data, Tuesday’s FOMC statement, the release of the annual CCAR bank stress tests and the removal of the Greek drama from headlines. 15 of 19 major institutions passed the latest Fed stress tests, and most of those firms took the opportunity to increase share buybacks and hike dividends, boosting financial sector stocks.

In Tuesday’s FOMC statement, the Fed acknowledged the slowly improving economic conditions while also cautioning that rising oil prices will feed higher inflation. There was no mention of anything resembling QE3, in either the statement or a subsequent speech by Chairman Bernanke. Fed Governor Lacker spoke later in the week, strongly suggesting that exceptionally low rates will not be required through 2014 while calling for tighter policy as early 2013.

For the week, we took out a whopping 21.4 points in closed trades, giving us 30.55 in monthly totals and up 96.9 points

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 executed positions with us with an average of 1000 shares per trade you would have theoretically made $21,400  last week

Current Open Positions

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