A member of the ART OF TRADING ALERTS shares his performance on closed trades this week. All these trades were taken using the ART OF TRADING alerts we did this week. His net weekly gain after commissions was $800!!
About 800 bucks net (after commis)
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About 800 bucks net (after commis)
| 0.01 | TNA | 10/05/09 | 40.89 | 10/05/09 | 41.68 | 234 | LONG | |
| 0.07 | WYNN | 10/05/09 | 67.64 | 10/05/09 | 68.19 | 141.05 | LONG | |
| Short Assignment, messed logic up | VRTX | 10/05/09 | 34.28 | 10/05/09 | 33.92 | 172.87 | SHORT | |
| 0.1 | ATPG | 10/05/09 | 17.72 | 10/06/09 | 18.35 | 186.02 | LONG | |
| 0.1 | RINO | 10/06/09 | 23.61 | 10/06/09 | 23.69 | -27 | SHORT | |
| 0.01 | CGI | 10/06/09 | 12.96 | 10/06/09 | 13.04 | 84.93 | LONG | |
| -0.01 | APT | 10/06/09 | 6.01 | 10/06/09 | 5.63 | -114.98 | SHORT | |
| 0.14 | BVN | 10/07/09 | 36.89 | 10/07/09 | 37.08 | 45 | LONG | |
| -0.01 | DRV | 10/07/09 | 21.75 | 10/07/09 | 21.56 | -48 | LONG | |
| 0.1 | BVN | 10/07/09 | 37.44 | 10/07/09 | 36.72 | -189 | LONG | |
| 0.42 | BIDU | 10/07/09 | 408.6 | 10/07/09 | 407.43 | -48.8 | LONG | |
| 0.19 | ERX | 10/07/09 | 41.13 | 10/08/09 | 42.08 | 242.5 | LONG | |
| -0.5 | MDRX | 10/07/09 | 23.31 | 10/08/09 | 23.72 | 160.03 | LONG | |
| -0.01 | BGZ | 10/08/09 | 20.69 | 10/08/09 | 20.81 | 55 | LONG | |
| 0 | VMW | 10/08/09 | 41.94 | 10/08/09 | 42.43 | 144.02 | LONG | |
| 0.04 | ATW | 10/08/09 | 37.22 | 10/08/09 | 37.54 | 78.08 | LONG | |
| 0.07 | ATPG | 10/08/09 | 18.9 | 10/08/09 | 19.26 | 175 | LONG | |
| 0.02 | GRA | 10/08/09 | 23.65 | 10/08/09 | 23.15 | -203.98 | LONG | |
| 0 | DISCA | 10/08/09 | 30.96 | 10/08/09 | 30.67 | -149 | LONG | |
| 0.02 | DRV | 10/08/09 | 20.15 | 10/09/09 | 20.27 | 44 | LONG | |
| 0.02 | ERX | 10/08/09 | 43.98 | 10/09/09 | 44.36 | 91 | LONG | |
| 0.02 | XCO | 10/08/09 | 19.61 | 10/09/09 | 19.25 | -147.98 | LONG | |
| 0.02 | TCK | 10/09/09 | 31.31 | 10/09/09 | 31.38 | 18 | LONG | |
| 0.08 | DRV | 10/09/09 | 20.66 | 10/09/09 | 20.23 | -125 | LONG |
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5 comments:
Stewie sure can make you money! I have tried a lot of gurus out there but keep coming back to see what Stewie is up to. No hype or outrageous claims, always honest and accessible. I have actually taken trials to advisors who disappear when their trades go bad, with no posts for 4-6 hours.
Stewie, What do you make of the meltdown in TLT and LQD. Was this an overreaction to Uncle Ben's comments about raising rates or is it a change of trend? What is your sentiment on the dollar? In my opinion (for what that's worth) the FED can't raise rates until the 2nd half of 2010. Is he just trying to talk up the dollar?
hi anon,
Thank you very much for the very kind compliments.
Well, i will be honest with you and tell right off the bat that i am NOT a bond expert. i try and stick to what i know and that's stocks. Now having said that, i will give my technical opinion on the charts of UUP, SPY, LQD and TLT and i hope you will make your own conclusion:
first of all SPY: Is at a very important juncture here, we resting the 108 area but noticing that this week's rally took place on lower volume compared to the selling episodes we saw 2 weeks ago. This is does NOT mean that the rally is over but it is something to watch to see this trend continues as it will be troubling if it does.
UUP: this thing is still in deep trouble, not exactly sure what this means for stocks, bonds, gold yet. but as you know, i have been very bearish on UUP for a long time now. We saw a huge volume drop in UUP on thursday(we will not know how important this pattern is for a few more days). But odds are, we keep gpoing lower in UUP and gold keeps ramping higher.
TLT: took a beating this week BUT now enough to get me bearish on it: I see no difference in the TLT selloff now to the one we saw in July. in my book, TLT is buyable on this dip. maybe give it a few more days to really set up.
LQD: this has been a very nice chart to own since the march lows, perfect pullbacks and trending higher after every dip: However, the most recent correction we saw in LQD looks stronger than previous ones and it makes sense! This thing has been in steady rally mode for many month with shallow pullbacks, many people made lot of money in it and it's time to cash some gains. i expect it to be weak for a while longer but at some point this will buyable again.
hope this helps.
good luck.
Tradermarket
Hey Stewie! Glad your service is growing, keep up the good work brother!!
Thanks TM247!!! you keep doing what you do as well! i love it!
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