HedgeFundTradeAlert

Hello…in an eventful and volatile week, Greece received a high enough buy-in from creditors on its debt swap to make the deal happen. The US economy continued to expand, with numerous positive indicators, including a third consecutive monthly gain of more than 200,000 jobs. Weakening Chinese economic data, released Friday, followed an announcement Monday that the Chinese government would lower its annual economic growth target to 7.5% from 8.0%.

The Dow Jones Industrial Average recorded its first double-digit daily drop of the year on Tuesday, followed by a bounce back beginning Wednesday. Key indices ended the week in or near the positive zone after dropping sharply Tuesday, as reassuring news on the Greek debt swap and US economy overrode worries about a slowdown in China.

Friday marked the three-year anniversary of the beginning of the bull market on March 9, 2009, following the sharp drop after the credit crisis of fall 2008. Three years ago, the Standard & Poor’s 500 Stock Index hit 676, the Dow Jones Industrial Average was at 6,547, and the NASDAQ Composite Index dipped to 1,268. On Friday morning, they were at 1,374, 12,962, and 2,989, respectively, all having doubled in three years.

For the week, we gave back 2.5 points in closed trades all in EWP reducing our monthly totals to 9.15 but we are still up 75.5 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 $11,650  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.

Hello all.  The unstoppable equity rally seemed to level off into a holding pattern this week as equity indices hit key psychological barriers. On Tuesday, the DJIA closed above 13,000 for the first time since May, 2008, and the next day the NASDAQ came within a tested 3,000 for the first time since the year 2000. Markets have certainly been frothy from the flood of central bank liquidity, but comments from the Fed and the results of the ECB operation suggest central banks see diminishing returns from

quantitative easing.

Democrats toyed with the idea of releasing oil from the SPR, while Republicans reiterated calls to drill, drill, drill. Back in reality, the geopolitical situation in the Middle East remains hot, and sketchy reports (later denied) of a pipeline explosion in Saudi Arabia propelled front-month WTI crude above the $110 handle. However crude futures closed out the week lower, down 2.8%, snapping a three-week winning streak. US economic data out this week were strong, with the second reading of the Q4 US GDP figures a bit stronger than expected at +3.0%. Regional manufacturing surveys also continued to be very robust.

For the week, the S&P 500 gained 0.3%, the NASDAQ rose 0.4%, and the DJIA dropped less than 0.1%, closing out the week below 13,000.

We took out only 11.65 points in closed trades to start the month moving us to 81.7 for the year.

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 $11,650  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.