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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: December 29, 2007
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The Markets |
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YTD Performance |
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The Dow |
13,365.87 |
7.24% |
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The NAZ |
2,674.46 |
10.73% |
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The S&P 500 |
1,478.49 |
4.24% |
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The Indicators |
Column |
Percent |
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Our Field Position |
DEFENSE |
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NYSE Bullish Percent |
Os |
38% |
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OTC Bullish Percent |
Os |
30% |
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Optionable Stocks Bullish
Percent |
Xs |
46% |
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S&P 500 Bullish Percent |
Os |
46% |
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Where We Stand |
YTD Performance |
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Strategic Long/Short |
18.15% |
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Strategic Sector |
Will start in 2008 |
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Managed Forex |
Will start in 2008 |
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Favored Sectors: Oil, Precious Metals,
Software, Aerospace/Airlines, Chemicals, Oil Service, Gas Utilities and
Electric Utilities
This week’s diatribe…
It’s hard to believe that 2007 is almost
in the books. It’s been quite a ride this year and I think 2008 will
bring more of the same.
We find ourselves with one trading day
to go in 2007 in the DEFENSIVE mode, but the offense is stretching and
limbering up. I’m using this weekend to sort, rank and re-tool the
portfolio so that it’s optimally positioned to start off 2008.
In terms of review, I’m going to turn
loose any underperforming names. A few sales will result in short term
capital losses and I’m OK with that. I’ll use the losses to offset the
gains that we have.
What I’m actually looking for are signs
of trouble. If the chart positions look weak, or if Relative Strength or
Momentum is slightly off, I’m going to look elsewhere. There are some
really great names out there and I’ll move the weaker ones and replace
them with better names.
Note:
Stock Trading Advisor Subscribers should be on the lookout for trade
recommendations before the opening on Monday.
What’s in store for 2008?
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The first thing that I’m going to do
is consolidate all of the weekly letters that I write into ‘From the
Trading Turret’.
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As for the managed accounts, our
flagship portfolio, The
Strategic Long/Short Equity Portfolio will remain the same.
The Strategic Sector Portfolio is currently being overhauled
and will re-open January 2. Since its inception, this portfolio used
exclusively Rydex mutual funds. In 2008, this portfolio will
primarily invest in exchange traded funds (ETFs) and the management
fee will remain at 1% of assets under management. The Managed Forex
fund will remain essentially the same. I’m not happy with the forex
platform I’m currently using and I’m looking to make some
improvements in this area. The fee structure of 1% of assets and 20%
of net new profits remains the same.
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Subscription Services – Effective
January 2, 2008, I’m rolling the Long/Short Equity and the Strategic
Portfolio into one subscription. The price for a subscription to the
Stock Trading Advisor will increase from the current price of $149
to $895. For readers of ‘From the Trading Turret’ who have been
thinking about subscribing, I’ll accept checks only between now and
January 14th, 2008. You can subscribe for $149/one year
or $250/2 years. Current Stock Trading Advisor (STA) subscribers can
add one additional year to their subscriptions for $100. If you’re
not yet an STA subscriber and want to become one, you can. I’m
taking checks only (made payable to Christy Investment Group). The
deadline of January 14th is a hard one and will not be
extended. Please don’t subscribe via the website because I have
already changed the subscription price to $895.
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The election is ramping up and the
gloves come off for the Iowa and New Hampshire primaries. It’s make
or break for both parties and the candidates in the race. The market
will probably gloss over much of it unless there is a massive
surprise either good or bad. The market hates surprises and even
though I’m not expecting one, anything can happen.
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The dollar is in pretty sad shape. I
made mention of this to the GCC contingency, but I’m not sure if I
ran it up every flag pole. For some time now, I’ve been talking
about how the US Dollar is losing its status as the world’s reserve
currency. Given the emails accusing me of treason (I kid you not),
the action last week when Bhutto was sadly assassinated makes my
case. Instead of there being a rush to dollars, the dollar got hit
and the Euro advance. The flight to safety was in the Euro – NOT THE
DOLLAR. You can look it up for yourself on any chart if you don’t
believe me. Bhutto was gunned down at 1316 GMT which is 8:15 am EST.
You can see the immediate impact as clear as day.
Click here so see my chart.
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The biggest news as we start the
year will center on whether or not we’re headed for a recession. In
1992, Bill Clinton rolled out the “worst economy in 50 years” and
ran with that even though it wasn’t true. With Iraq on the back
burner, the economy will move front and center.
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Real Estate will also be in the
news. Portfolio Magazine cites commercial real estate as the next
‘crash’. Here’s a link to
Wall Street’s Next Crisis.
Remember, the markets won’t be busy on
Monday and the afternoon will be pretty slow. If you’re going to do any
trades, be sure to them in the morning.
That’s about it.
Have a safe and Happy New Year and I’ll
see you next year.
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!
**********
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**********
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**********
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**********
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
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