HedgeFundTradeAlert

Hello Everyone… Eurozone debt problems are still toying with about the future direction of the US economy even though the Dow, Nasdaq, and S&P 500 each managed to gain over two percent this week which put a dent in most of our short positions.

On Sunday European governments agreed to bail out Ireland and Portuguese debt, and set up a permanent rescue fund in the latest effort to stop the spread of panic that began last year in Greece.

Strong manufacturing reports from China, Germany, and the United Kingdom countered fears about the Eurozone.  By Friday morning, however, U.S. stocks reversed a big two-day rally, and Treasury prices jumped after the November U.S. jobs report dashed widespread hopes that the job market would accelerate last month but filings for unemployment benefits rose 26,000, to 436,000  and home prices fell from August to September .7%

Only 39,000 were added to non-farm payrolls, compared to an upwardly revised 172,000 new jobs in October. Unemployment rose from 9.6% to 9.8%, the highest reading since April.

In the two markets we hate, Crude oil futures rose over 6.5% for the week, trading at $89.31 a barrel and Gold futures were up again over 3 percent to just over $1409 an ounce on Friday afternoon.

We suffered our first losing month in well over a year. There has simply been no commitments made by ant big firms which packed follow through. November was dominated by the little guys.

For the week we gave back an embarrassing 6.8 points, giving us a 3 point loss for the month and now at 498.55 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 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 given back $6800 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. Investors returned from the Thanksgiving holiday stuffed but still selling to drive a decline in prices to end the week. News that holders of Irish bonds might be forced to accept losses as part of a bailout package being negotiated by the European Union and International Monetary Fund pissed off a few people, as is increasing concern about the debt situation in Portugal.

U.S. Stocks were sharply lower at the start of trading Monday in response to those situations and then continued to sell on Tuesday, following an artillery attack by North Korea against South Korea.

Stocks regained their losses on Wednesday, thanks to good news on the labor market which reported a sharp drop in weekly jobless claims, along with news that continuing claims had fallen to their lowest level since the start of the financial crisis in late 2008.

For the week we gave back a measly 2.9 points…another ridiculously boring week. Putting us at only 3.8 for the month and now at 505.35 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 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 given back $2900 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.