|
The Stock Trading Advisor’s “From
the Trading Turret”
From: R. A. Christy
Editor, ‘From the Trading Turret’
President/CEO, Christy Investment Group
http://www.christyinvestments.com
Date: November 25, 2007
Current Field Position:
DEFENSE
Bullish Percent Indicators:
BP NYSE
Os @ 35%
BP
OTC Xs @ 30%
BP
Option Os @
33%
Favored Sectors: Oil, Oil Service,
Chemicals, Internet, Telephone, Software, Aerospace, Gas Utilities,
Electric Utilities, Precious Metals
This week’s diatribe …
This past week was something that I
wasn’t expecting. We took it on the chin as stocks fell across the
board. This coming week will tell us a not more about where this thing
is headed.
Black Friday
Black Friday is quite a name for the day
after Thanksgiving.
One camp of economists thinks that the
consumer is flush with cash that this holiday season will be rosy. If
so, the market will snap back nicely.
The other camp sees things as pretty dire
with the consumer being tapped out. If the cash registers don’t ring
over the weekend, this won’t bode well for the retail sector and Wall
Street may just capitulate by tossing in the towel.
One thing is certain – there’s no
shortage of opinions and there’s also no gray area. As always, the
numbers will tell the story.
Current Market
We’re currently on defense and trying to
hold the ship steady in some pretty turbulent waters. So far, the stops
are holding, but another down day or so will change the tune
dramatically. As of Friday’s close, about 1/3 of our stops are less than
a point from going off.
This month has been an ugly one and I’ll
be glad it will soon be over. I hope we end the year on a nice flourish,
but I’m beginning to doubt that hypothesis.
The Dollar
Dollar woes continue and this thing is
really getting ugly. I think we’re seeing the last vestiges of the
dollar being the world’s reserve currency. I’ve been thinking about this
for some time and I’m convinced that this is going to happen sooner than
later.
The last time we had a change in reserve
currency was when the world shifted away from the British Pound Sterling
and into US dollars. During that time, the pound lost about 80% of its
value.
For some time, I’ve been lamenting about
China and its overall impact on the world’s economy. While I’ve mostly
talked about the upside opportunities, there is also a dark side. I’ve
also talked about why I think all bets are off after the 2008 Olympics.
The starting point of all this began back
in 2005 when China decided to decouple the yuan from the dollar. Since
then, the yuan has gained 10.3% on the dollar.
The Chinese currency is going to be the
world’s next major currency and it will have a tremendous impact on our
way of life and our standard of living.
This coming week, I’ll put my thought
into writing and share them with you. I know that I’m going to ruffle
some feathers. That’s OK – my point is to get you thinking as to what
this means to us going forward,
I’ll be updating everything on the web
site early in the week and will keep you posted if anything changes.
That’s about it. I hope this week will be a quiet one.
If you have any questions or comments,
just send me an email and I’ll be happy to lend a hand.
RA Christy
The Stock Trading
Advisor
P.S. Please fee
free to forward this to your peers, friends and associates you think
would benefit from its contents. They will thank you for it - and so
will I!
Sign Up to receive your own free copy of The
Stock Trading Advisor’s ‘From the Trading Turret’:
http://www.christyinvestments.com
**********
The Stock Trading Advisor’s ‘From the
Trading Turret’ is an OPT-IN
e-letter only.
Please be assured we do not spam or give
personal information to third parties--ever.
**********
** CIG ROLLS OUT NEW
MANAGED ACCOUNT PLATFORM **
Is Foreign Exchange (FX) trading right
for you? Over the past few years, foreign exchange (Forex or FX) trading
has emerged as a competitor to the established worldwide stock and
commodity markets. If you’re not familiar with Forex, it is the largest
and most liquid market in the world. Forex trading offers many
advantages, such as: commission free 24 hour trading, superior margin
requirements, no limit-up or limit-down, tight bid-ask spreads and no
short-selling restrictions.
CIG offers investors 2 different account
options, The CIG Managed Forex Account and a Self-Directed Account. The
Managed Account is one that we manage for you on a performance fee
basis. The other is one that you trade yourself.
Click here (http://www.christyinvestments.com/forex.htm)
to see why top traders and analysts are moving into this exciting
trading arena.
**********
About 20% of e-mail is never received due
to spam filters.
If you have a spam checking program
installed on your computer, please be sure to add
rac@christyinvestments.com to your "safe list."
**********
R. A. Christy is a professional stock
trader, money manager and author. Mr. Christy is the President CEO of
Christy Investment Group, Ltd., a registered investment advisory firm.
He is also the Managing Partner and Portfolio Manager of Plato Advisors,
LLC. At the time of publication, Mr. Christy may from time to time write
about stocks in which he, Christy Investment Group Ltd or Plato Advisors
LLC has a position. In such cases, appropriate disclosure is made.
Under no circumstances does the information in this column represent a
specific recommendation to buy or sell stocks. Mr. Christy appreciates
your feedback and invites you to send it to
rac@christyinvestments.com.
The Stock Trading Advisor
c/o Christy Investment Group
P.O. Box 625
Alpharetta, GA 30009-0625
To unsubscribe or change subscriber
options, please contact us:
online:
http://www.christyinvestments.com
by email:
info@christyinvestments.com
by fax: 1-678-302-4348.
© Copyright 2007 RA Christy
|
