Week of Oct. 4. Sorry we missed a report last week. Thursday found our signals being hit in QQQQ (we sold it at 4889), PSQ we bought at 3910, and DIA sold at 107.51. We expect more hits this week, shorting the major indices or buying an inverse. We are calling this the “Slide Crash” because we are sliding into …. well, oblivion. We are also short the so-called “dollar” (actually long UDN, the inverse). Things are so lousy for the U.S. currency, we are long the Yuan (CYB). If you’re not getting our daily comments, we can recommend Consensus and TraderPlanet. Or email us and we’ll send you one direct. We are taking on additional clients and the way it works is simplicity itself. We operate through Scottrade. You open with them, get linked to me, when I make a trade, you send me 10% of the net, and then you get put into the next trade. Our goal is to double you to “$”100,000 by next summer. We recently covered a CORN (the CEF) trade, 38 days, from 27.50 to 32.52.
Copies of our past recommendations are available for the cost of copying and postage. We’re at sarsoun@hotmail.com.
We were trying to find something good to say, perhaps some fundamental item that would moderate our technical bearishness. But we trade by the technicals, and what they say is already reflecting the way things are. We are finding gems daily. We have expanded our ETF research to include EWS – Singapore, CUT which is Timber, BAL- Cotton, JO-Coffee. RJA – Wheat, JJG-Soybeans, (we are reluctantly moving away from futures, ETFs have much more appeal).
Friday, a few more inverse got hit, SQQQ and QID. We are anxiously waiting for RYURX to get hit, we expect that this one’s going to be a doozy.
