One of our best trades for the year… so far
Last Friday (6/15) we covered our 3 short contracts in the 10 year bonds at 106.31. MarketClub members clearly saw the signal the same time we did on the daily chart.
This turned out to be one of our best trades so far, for the year.
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This trade yielded a profit of $12,468.75 on three contracts, before commissions.
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Commissions vary widely between brokers and it is sometime a good idea to shop around. One tip is to remember is that the lowest price/commission may not be the best commission. Many times execution of a trade is worth a whole lot more than just saving a few dollars on a trade.
OK, here’s the update. For now we are standing aside in the 10 year until we get another signal. The two positions that remain from our "On the Line" trade demonstration in stocks worked out well today. Both positions are showing positive results despite the move down in the DOW today.
STOCKS
Long 275 PGH shares at $18.02. Close 6/18 at $18.89
Open Profit $239.25
Short 125 M * (FD) shares at $39.07. Close 6/18 at $38.75
Open profit $40.00
* Federated Department Stores, Inc. (FD)(NYSE Arca:FD) today announced that shareholders have approved a change in its corporate name to Macy’s, Inc., effective June 1, 2007. On that date, the company’s shares will begin trading under the ticker symbol “M” on the New York Stock Exchange.
Watch the original video here.
All trades were entered on May 17th, 2007.
Trading Tip: Always be diversified, be disciplined and always use stops.
If results like these are attractive to you and you are not already a member think about joining MarketClub today and you can catch big moves too.
Every success with MarketClub.
Cheers,
$2,000 later the move has begun…
The move has started with little or no fanfare, and almost zero media
attention.
This is how the big moves start, they are usually off the radar screens of
most traders and media pundits.
It is only when the move is almost over do you begin to see exhaustive
coverage and market projections on all media outlets. Then it is too late.
This move, in this market will potentially create major problems for the
world equity markets.
In my new video you will see, point by point what I mean.
Enjoy the 
video here look at the date on the video and then check today’s prices!!
No registration needed … watch with our complements.
Cheers,
Adam Hewison
President, INO.com
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