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 Please note that the next number will be May 26th. This is based on regular monthly revenu. In fact you will see my own real trades plus other possibilities to generate 15-20% growth every year no matter where the market is heading. More soon. Uptrend continues All markets suffered very brief set backs but resumed their uptrend thereafter. All markets remains above their recent break out levels. We now have support on all markets (SP500 at 1380 DOW at 12100 and ND100 at 1720). Uptrend continues Last trades update Index Market Current Price 2 weeks Change # cycles completed SP500 1505.85 11.78 0 ND100 1898.79 7.73 0 Dow 13326 205 0 SP500 Last Comment SP500 remains above break out level of 1460 at 1505 which is now considered as an official break out above 1460. Ina way 1460 now becomes our first support. SP500 is still en route to all time high of 1530 reached march 2000. This all time high should be reached in this cycle no later than july. We had as expected briefs short term set backs but SP500 resumed it's uptrend quickly which is good sign. 1460 is our first support. 1380 is now our second support. 1325 is our next support. ND100 Last Signal Comment ND100 broked above 1840 resistance but is not considered yet as an official break out. ND100 is not as strong as SP500 and DOW. It is stagnating around 1900 and seems to build a resistance at this level. So we must be a bit cautious with this market. It is possible that we might have a bigger set back towards the moving average next week. We can consider that our first support is now at 1720, our next support at 1450 and the next one at 1400. DOW Last Signal Comment DOW follows the same pattern as for SP500. DOW is also considered as an official break out above 12800. So 12800 is now our first support level. So The uptrend remains solid. We saw very briefs set backs in the last 2 weeks but the uptrend was resumed rapidly. Our first support is now at 12800 and our next support is at 12100. Special Option Strategy Update Our SPX PUT June 1325 sold at 275$ now worth 100$ and our June RUT PUT 710 sold at 185 now worth 95$. New trades are in great shape. All our portfolio shows a 5.5% plus value since beginning of march so far. Last signals review Go to the Trading Signals page to see how each current position is used in each portfolio. Go to the Options Trading History page to see trading history for each portfolio. Date Market Trade Type Description Symbol Strike Price Month Margin Amount Current Profit 2007/04/24 SPX PUT Uncovered Sell PUT uncovered June SPX 1325 SXY 1325 June 13500 275$ 100$ 175$ 2007/04/30 RUT PUT Uncovered Sell PUT RUT June 710 RUT 710 June 7320 185$ 95$ 90$ Always remember that you need between 12,000 and 15,000 USD margin for each contract. Click here to find the options trading signals page. Economic Current Conditions Table of Economic Numbers Economic Info April 2007 March 2007 February 2007 January 2007 December 2006 November 2006 October 2006 September 2006 August 2006 July 2006 Juin 2006 May 2006 PPI +0.7% +1.0% +1.3% -0.6% +0.9% +2.0% -1.6% -1.3% +0.1% +0.1% +0.5% +0.2% Core PPI 0.0% 0.0% +0.4% +0.2% +0.2% +1.3% -0.9% +0.6% -04.% -0.3% +0.2% +0.3 Retail Sales -0.2% +1.0% +0.5% 0.0% +0.9% +0.6% +0.1% -0.8% +0.2% +1.4 -0.4% +0.1 CPI +0.6% +0.4% +0.2% +0.5% 0.0% -0.5% -0.5% +0.2% +0.4% +0.2% +0.4% Core CPI +0.4% +0.2% +0.3% +0.2% 0.0% +0.1% +0.2% +0.2% +0.2% +0.3% +0.3% Housing Starts 1.52M 1.51M 1.40M 1.64M 1.57M 1.486M 1.74M 1.67M 1.795M 1.85M 1.953M Building Permits 1.54M 1.53M 1.568M 1.60M 1.51M 1.535M 1.638M 1.72M 1.747M 1.869M 1.946M Employment +88,000 +177,000 +113,000 +146,000 +206,000 +132,000 +79,000 148,000 188,000 121,000 124,000 92,000 Durable Goods Orders +3.4% +2.4% -7.8% +1.9% -8.3% +7.8% -0.50% -2.4% +3.1% -0.3% Durable Goods Excluding Transportation +1.5% -0.4% -3.1% -1.1% -1.7% +0.1% +0.5% +1.0% New Homes Sales +2.6% -4.0% -6.6% +12% +3.9% -4.0% +5.3% -3.0% -4.5% -3.0% Existing Homes Sales 6.12 Millions 6.68 Millions 6.46 Millions 6.22 Millions 6.28 Millions 6.24 Millions 6.21 Millions 6.30 Millions 6.33 Millions 6.62 Millions 6.67 Millions ISM Index(Manufacturing) 54.7 50.9 52.3 49.3 51.4 49.5 51.2 52.9 54.5 54.7 53.8 54.4 ISM Services 56.0 52.4 54.3 59.0 56.7 58.9 57.1 52.9 57 54.8 57.7 60.1 63.0 Factory Orders +3.1% +1.0% -5.6% +2.4% +0.9 -4.5% -1.7% -0.6% +1.2% +0.7% GDP(Gross Domestic Product) Numbers 1st Quarter 2007 4th Quarter 2006 3rd Quarter 2006 2nd Quarter 2006 1st Quarter 2006 4th Quarter 2005 3rd Quarter 2005 1.3% 2.5% 2.0% 2.6% 5.6% 1.7% 4.3% Inflation Numbers Year to year inflation according to core CPI is now at 2.7% In the last 2 weeks we had several major economic news. See the table above for all numbers. PPI for april was up 0.7% while the core PPI was unchanged which is good news for inflation. Employment for april was up 88000 a bit below forecast, again good for inflation control. Retail sales was down 0.2% way under expectations reviving economic slowdown. ISM manufacturing came out for arpil at 54.7 which is very good. ISM services came out at 56 indicating strength in this sector accounting for 80% of the economy. Finally factory orders for march were up 3.1% which is very good. Briefly inflation seems under control and economic activities is progressing at a reasonable pave except for retail sales which is a bit of worry for now. So we still may think the FED will lower rates by the end of the year. The prime remained at 5.25 after this week FOMC meeting. Statement remains basicly the same. The SP500 PE ratio is at 18.31 according to december results. Remember that when the last major economic cycle that started in march 2003 the PE ratio was at around 16. So we stay in the middle. Despite the fact the PE is not too high we will have to watch for a possible bear market in september-october 2007. Our last major bear market was on july 2002.