Trading Alert | August 4, 2011
In mid-May, I turned negative on the market and cautioned readers to get ready for a universal correction. The markets have definitely acted like a theme park roller coaster with a quick swift and healthy downturn.
Today, I altered the three model trading portfolios in this newsletter service. Since I rarely make so many changes, please bear with me as I explain what’s going on now and how you can profit from these new trading ideas and lineup for the coming inevitable rebound.
I took a major swing into cash over the last few months and with the drop in global stock markets over the last two weeks, it’s time to selectively go back into the stock market now.
I accept that in fact, I’m likely to be early by a couple of days with this overhaul but the purpose of this newsletter is to serve as a tool so you can make your own decisions. So here goes what I think is attractive when we reach a bottom – regardless of whether today is the final capitulation of the speculators.
Happy trading!
Rudy
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