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Copyright © 2007-2013 Market Geeks, LLC. All Rights Reserved.
Copyright © 2007-2013 Market Geeks, LLC. All Rights Reserved.
Today’s Fundamentals
U.S. Manufacturing grew in June
More orders
Stronger production
Could help the economy second part of the year
Copyright © 2007-2013 Market Geeks, LLC. All Rights Reserved.
Institute Of Supply Management
Index of factory activity increased to 50.9 in June
May reading was 49 and lowest in 4 years
Reading above 50 suggests that economy is
expanding
Reading below 50 suggests that economy is
contracting
Copyright © 2007-2013 Market Geeks, LLC. All Rights Reserved.
Only Negative News
Factories cut jobs last month
Manufacturing slowed down
Europe’s economy weighted heavily on U.S exports
Copyright © 2007-2013 Market Geeks, LLC. All Rights Reserved.
Construction Spending
Rose 0.5% during the month
Hit highest annual rate in 4 years
Keep your eye on the home building sector
Keep your eye on KB homes (stock)
Copyright © 2007-2013 Market Geeks, LLC. All Rights Reserved.
Intraday Stock Market Analysis
The breakout from a triangle pattern is typically
powerful
Copyright © 2007-2013 Market Geeks, LLC. All Rights Reserved.
Volatility Has Been High
Volatility is a double edged sward
Easy to trick people into thinking it’s something more
than a correction
Don’t let the market suck you in psychologically
Look at the big picture on daily basis
Volume is light this week
Don’t put too much weight into remainder of week
Copyright © 2007-2013 Market Geeks, LLC. All Rights Reserved.
The Bigger Picture
What looks like a strong rally on a short term basis
can look like a small correction on a longer term
chart
Copyright © 2007-2013 Market Geeks, LLC. All Rights Reserved.
The Gold Rally
Look for a bounce to the 1300 to 1350 level in the
short term
Copyright © 2007-2013 Market Geeks, LLC. All Rights Reserved.
The Bond Futures Market
Consider Buying September And Selling December Spread
Right Now.
Copyright © 2007-2013 Market Geeks, LLC. All Rights Reserved.
Existing Short Positions
Today’s Rally Did Not Impact Our Short Positions
PFE – Down $.23
POR- Down $.38
WMT – Up $.10
Weak relative strength compared to stock market
Copyright © 2007-2013 Market Geeks, LLC. All Rights Reserved.
The U.S. Dollar
Look for British Pound to weaken as well
Slow down in manufacturing sector
Copyright © 2007-2013 Market Geeks, LLC. All Rights Reserved.
New Set Up For Tomorrow
Utility companies are very sensitive to interest
rates and economy in general
Copyright © 2007-2013 Market Geeks, LLC. All Rights Reserved.
Things To Keep In Mind
Don’t take too many positions right now
Market is very random and unpredictable
Advice from one of the most profitable traders in
the world
“Remember that not taking a position is a position”
Copyright © 2007-2013 Market Geeks, LLC. All Rights Reserved.

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Short term trading analysis

  • 1. Copyright © 2007-2013 Market Geeks, LLC. All Rights Reserved.
  • 2. Copyright © 2007-2013 Market Geeks, LLC. All Rights Reserved. Today’s Fundamentals U.S. Manufacturing grew in June More orders Stronger production Could help the economy second part of the year
  • 3. Copyright © 2007-2013 Market Geeks, LLC. All Rights Reserved. Institute Of Supply Management Index of factory activity increased to 50.9 in June May reading was 49 and lowest in 4 years Reading above 50 suggests that economy is expanding Reading below 50 suggests that economy is contracting
  • 4. Copyright © 2007-2013 Market Geeks, LLC. All Rights Reserved. Only Negative News Factories cut jobs last month Manufacturing slowed down Europe’s economy weighted heavily on U.S exports
  • 5. Copyright © 2007-2013 Market Geeks, LLC. All Rights Reserved. Construction Spending Rose 0.5% during the month Hit highest annual rate in 4 years Keep your eye on the home building sector Keep your eye on KB homes (stock)
  • 6. Copyright © 2007-2013 Market Geeks, LLC. All Rights Reserved. Intraday Stock Market Analysis The breakout from a triangle pattern is typically powerful
  • 7. Copyright © 2007-2013 Market Geeks, LLC. All Rights Reserved. Volatility Has Been High Volatility is a double edged sward Easy to trick people into thinking it’s something more than a correction Don’t let the market suck you in psychologically Look at the big picture on daily basis Volume is light this week Don’t put too much weight into remainder of week
  • 8. Copyright © 2007-2013 Market Geeks, LLC. All Rights Reserved. The Bigger Picture What looks like a strong rally on a short term basis can look like a small correction on a longer term chart
  • 9. Copyright © 2007-2013 Market Geeks, LLC. All Rights Reserved. The Gold Rally Look for a bounce to the 1300 to 1350 level in the short term
  • 10. Copyright © 2007-2013 Market Geeks, LLC. All Rights Reserved. The Bond Futures Market Consider Buying September And Selling December Spread Right Now.
  • 11. Copyright © 2007-2013 Market Geeks, LLC. All Rights Reserved. Existing Short Positions Today’s Rally Did Not Impact Our Short Positions PFE – Down $.23 POR- Down $.38 WMT – Up $.10 Weak relative strength compared to stock market
  • 12. Copyright © 2007-2013 Market Geeks, LLC. All Rights Reserved. The U.S. Dollar Look for British Pound to weaken as well Slow down in manufacturing sector
  • 13. Copyright © 2007-2013 Market Geeks, LLC. All Rights Reserved. New Set Up For Tomorrow Utility companies are very sensitive to interest rates and economy in general
  • 14. Copyright © 2007-2013 Market Geeks, LLC. All Rights Reserved. Things To Keep In Mind Don’t take too many positions right now Market is very random and unpredictable Advice from one of the most profitable traders in the world “Remember that not taking a position is a position”
  • 15. Copyright © 2007-2013 Market Geeks, LLC. All Rights Reserved.