HedgeFundTradeAlert

Hello everybody. Stocks fell throughout the week as worries intensified that global growth is slowing while the Fed announces a new policy to stabilize economic activity. Retailers post solid earnings but disappointed investors, while climbing 0.4 percent for July, with expectations of a 0.5 percent gain for the month and a reduced 2010 guidance.

Another poor jobs report with 484,000 people filing. Expectations were for 460,000 new claims for the week of August 7th  and a profit warning from Cisco  accelerated the  decline.

In the 2 markets we hate, Crude oil futures dropped sharply for the week, trading just under $76 a barrel on Friday afternoon but Gold futures were selling for $1,215 an ounce on Friday thanks to the analysts at Goldman Sachs who said gold could rally to $1,300 an ounce this year.

For the week we gave back 9.95 points for one of our worse weeks ever, but for the month so far we are still up almost 7 and for the year we are now at a continued record setting 441.8

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 given back $10,000 this week. A shitty week no doubt.

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…Financial markets continued their downward trend as numerous reports signaled a stagnant economic recovery as stocks fell for the second week to round out their first quarterly decline in over a year. The major indexes declined every day of the week as investors grew increasingly concerned about the durability of the economic recovery and fears that a double digit recession is on the horizon and pending home sales in May fell back to its lowest seasonally adjusted level since 2001.

Stocks fell sharply on Tuesday after June’s unexpected drop in consumer confidence and a decline in the Chinese economy. The unemployment rate fell to 9.5 percent, below the 9.7 percent consensus estimate but due to 652,000 job seekers who quit looking for work, the sharpest one-month decline in 15 years, even as private sector payrolls rose by 83,000, but again much lower than the 115,000 gain forecast by economists.

In the two markets I love to hate, thankfully Crude oil prices fell sharply lower for the week and Gold futures fell 3.2 percent on Thursday and August gold futures dropped almost $40 to $1,206 an ounce, gold’s biggest one-day drop since February 4th.

Remember there is no trade alerts all week next week as we celebrate the holiday that has given us everything we have as Americans.

For the week we took out 2.35 points, closing out the month with 5.5 and for the year we are now at a continued record setting 425.35

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 a 1000 shares you would made about $2,350 this week.

Open Positions

Note….in many of these trades we may have already taken some profits which are included in the totals above but these totals reflect current open positions only.