The Index Trading Weekly Newsletter Is now accessible directly from an RSS Feed. If you have a My Yahoo account or an My Msn account go to the Weekly newsletter page to register and you will be advised immediately when changes occur on the site either with trading signals, weekly newsletter or any other changes on the site. You can also create a new entry in an RSS reader. Click Here to register for RSS Feed Easter break All markets setting back for easter week end. SP500 weakening and is 15 points away from a new buy signal. ND100 still in an uptrend despite a small set back this week. DOW came close to touch lower band and is only 140 points away from new buy signal. Easter break Last trades update Index Market Last signal Entry date Entry Price Current Price Win / Loss Weekly Change # cycles completed SP500 Sell December 29th 2005 1254.42 1289.12 -34.70 -7.50 0 ND100 Buy February 3 2006 1664.53 1712.07 47.54 -6.79 1 Dow Sell April 7 2006 11120 11138 -18 -18 1 SP500 Last Signal Comment Our last sell signal is now behind 35 points. SP500 continued it's slow downhill pattern this week. We are only 15 points away to get a new buy signal. SP500 is near to be oversold (RSI at 40). Be also prepared to trade SP500 with our short term option method if it touches the lower band intraday. We can now expect SP500 to reach the lower band real soon now to give us a new buy singal. 1250 is now our first support. 1170-1180 support level is our second support level. Our next support is at 1140. ND100 Last Signal Comment Our last buy signal is now ahead 48 points. This market broked out above the recent trading range (1630 - 1700). ND100 continue to be in a slow uptrend despite a 10 points set back this week. I doubt however this market will continue higher much longer. At best we can have a retest at last recent high (1760). But I think it will follow our 2 other markets and could give us a sell signal if it sets back under the moving average. We can consider that our first support is now at 1640 followed by another one at 1530, our next support at 1500 and the next one is at 1410. DOW Last Signal Comment We had a new sell signal on April 7th. We are now slighly behind 18 points with this new sell signal. We are only 140 points away to get a new buy signal. DOW is near oversold level (RSI at 39). We can now expect this market to reach the lower band soon and give us a new buy signal. Our first support is now at 10650 and our next support is at 10200. Special Option Strategy Update Our April SPX naked PUT 1185 entered at 2.40$ is now worthed 0.20$ with 1 more weeks to go so no problem to cash in with this one. Always remember that you need between 11,000 and 15,000 USD margin for each contract. Short term Options and Eminis trading Welcome to this new trading service. With this service we should have every month good opportunities. Click here to find the options trading signals page. There you will find the simulation for 2004 2005 and 2006 for DOW(DIA) and SP500(SPX) Energy Index (OIX) Gold Index (XAU) QQQQ Pharma Index (PPH) and Biotech Index (BBH)options trading. PPH and BBH are now covered and historical data now appear on the site. Take a look at this page and please let me know if you have any questions about something you don't understand. Please use the link mentionned above to see the target numbers. This week we had our first trade with the PPH (Pharma Index). It is still time to enter but if you do now use May instead of April. DOW is only 140 points away and SP500 only 15 points away to give us a trade opprtunity. ND100 is quite far as well as OIX index and GOLD index. BBH could give us a good entry too this week. So stay tuned for any development with DOW and SP500. Check every day on the page to see if the numbers are changed. Of course we are far from a possible entry for now but we never know. Pharma Index will soon be covered and will be traded with PPH etf. Economic Current Conditions Table of Economic Numbers Economic Info Mars 2006 February 2006 January 2006 December 2005 November 2005 October 2005 September 2005 August 2005 July 2005 June 2005 May 2005 Apr 2005 PPI -1.4% +0.3% +0.6% -0.7% +0.7% +1.9% +0.6% +1.0% Unchanged -0.06% Core PPI +0.3% +0.4% +0.1%- +0.1% -0.3% +0.3% +0.2% +0.4% +0.1% + 0.01% Retail Sales +0.6% -1.4% +0.7% +0.7% +0.8% +0.3% +0.2% -2.1% +0.3% +1.0% 0.3% + 1.5% CPI +0.1% +0.7% -0.1% -0.6% +0.2% +1.2% +0.5% +0.5% +0.1% - 0.01% + 0.5% Core CPI +0.1% +0.2% +0.1% +0.2% +0.2% +0.3% +0.1% +0.1% +0.1% + 0.01% Unchanged Housing Starts 2.12M 2.28M 1.933M 2.12M 2.02M 2.13M 2.04M 2.042M 2.045M + 0.02% Building Permits 2.15M 2.22M 2.08M 2.16M 2.10M 2.22M 2.14 Millions 2.167 Millions 2.132 Millions 2.11 Millions 2.15 Millions Employment 211,000 225,000 170,000 140,000 305,000 44,000 -35,000 211,000 242,000 166,000 104,000(revised) 275,000 Durable Goods Orders -10.2% +2.5% +3.3% +3.0% -2.1% +3.8 -5.3% +1.5% + 6.4%(revised) Durable Goods Excluding Transportation +0.6% +4.2 -3.7% +2.6% +0.9%(revised) New Homes Sales -5.5% +2.9% -10.71% +12.9 +2.1% -1% +6% + 2.1% Existing Homes Sales 6.91 Millions 6.56 Millions 6.75 Millions 6.97 Millions 7.09 Millions 7.29 Millions 7.29 Millions 7.15 Millions 7.35 Millions ISM Index(Manufacturing) 55.2% 57.2% 54.8% 55.6% 56.6% 59.1% 59.4% 53.6% 56.6% 53.8% 51.4% ISM Services 56.8% 61.0% 58.9% 60.0% 53.3% 65.0% 60.5% 62.2% Factory Orders -4.5% +1.1% +2.2% -1.7% +2.5% -1.9% +0.9% +0.7% GDP(Gross Domestic Product) Numbers 4th Quarter 2005 3rd Quarter 2005 2nd Quarter 2005 1st Quarter 2005 4th Quarter 2004 1.7% 4.3% 3.3% 3.8%(revised) 3.5% Inflation Numbers 4th Quarter 2005 3rd Quarter 2005 2nd Quarter 2005 1st Quarter 2005 4.07% 4.3% 2.4% 3.1% This week we had 1 major economic news. See the table above for all numbers. Retail sales came in at +0.6% for march after being down -1.4% in february. The crude is now above 71$. It is very high and threatening econimic growth. The prime is still at 4.75. Mr. Bernanke said that more hikes might be needed to control inflation. The SP500 PE ratio is at 18.03 according to december results. We can almost say that for march estimates we are at near 17 which is still considered low. Remember that when the last major economic cycle that started in march 2003 the PE ratio was at around 16. So we are at the low end. Despite the fact the PE is not too high we will have to watch for a possible bear market later in the fall for the coming year. Our last major bear market was on july 2002.