Note: The material presented in this commentary is provided for informational purposes only and is based upon information that is considered to be reliable. However, neither PSW Investments, LLC d/b/a PhilStockWorld (PSW) nor its affiliates warrant its completeness, accuracy or adequacy and it should not be relied upon as such. Neither PSW nor its affiliates are responsible for any errors or omissions or for results obtained from the use of this information. Past performance, including the tracking of virtual trades and portfolios for educational purposes, is not necessarily indicative of future results. Neither Phil, Optrader, or anyone related to PSW is a registered financial adviser and they may hold positions in the stocks mentioned, which may change at any time without notice. Do not buy or sell based on anything that is written here, the risk of loss in trading is great.
This material is not intended as an offer or solicitation for the purchase or sale of any security or other financial instrument. Securities or other financial instruments mentioned in this material are not suitable for all investors. Any opinions expressed herein are given in good faith, are subject to change without notice, and are only intended at the moment of their issue as conditions quickly change. The information contained herein does not constitute advice on the tax consequences of making any particular investment decision. This material does not take into account your particular investment objectives, financial situations or needs and is not intended as a recommendation to you of any particular securities, financial instruments or strategies. Before investing, you should consider whether it is suitable for your particular circumstances and, as necessary, seek professional advice.
Contact us: support@philstockworld.com
© Copyright - PSW, LLC.
2024
November 9th, 2009 at 12:13 pm
Oxen Report Midday Message
TYP – We got into this one at 10.90 as the ETF came down in the morning on a market rally. At that area, I thought we would see a market reversal but we have remained pretty flat since then. We have positioned ourselves well and are down only a nickel right now. We are looking for an exit of 10.69 – 10.58. If the market starts to decay and lose some ground, we are in good shape. I am not sure though how much downward pressure we can expect…market is looking pretty resilient. We may have to settle for 1% if we can just get a quick downward swing.
DTV – Pretty much the same argument. We got in for our short sale at 28.65, and we are actually up just slightly on this one. We are looking for an exit of 27.80 at least. Again though we may have to settle for less because this market is looking resilient. I would be happy with a 1% gain here.
Good Investing!