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 July 7th. 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. Trading range SP500 and DOW entered a trading range as forecasted. ND100 remains in a slow uptrend. We can expect DOW and SP500 to touch lower band soon. Trading range Last trades update Index Market Current Price 2 weeks Change # cycles completed SP500 1502.56 -5.11 1 ND100 1921.94 15.68 0 Dow 13360 -64 1 SP500 Last Comment SP500 Is now in a trading range (1490-1540) as forecasted earlier. SP500 may very well retouched the lower band soon before starting a new cycle. We expect this trading range to last a few months. Financial sector and utility sector remain weak affecting DOW and SP500 more than ND100. 1460 is our first support. 1380 is now our second support. 1325 is our next support. ND100 Last Signal Comment ND100 remains in a slow uptrend for now. This sector is less affected by concerns over interest rates. It is near the moving average but negative divergences are very present and could push it to the lower band(1876) in the coming week. Apparent resistance at 1900 seems vanished for now. It is possible that we might see a lower band touch soon in the coming 2 weeks. 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 got into a trading range as well (13250-13700). DOW has a good chance to touch the lower band (13230) soon and could trigger a new cycle. DOW is more affected by financial sector and utility sector the most hardly hit in the past weeks. So we can also expect a retouch to the lower band soon and possibly lower. Our first support is now at 12800 and our next support is at 12100. Special Option Strategy Update Please note that the email service to signal new trades update is now available. So all current subscribers will receive an email when a new trade is entered till end of september. We decided to rollover Our SPX PUT July 1350 to August 1360 for a net profit of 120$ and our July RUT PUT 710 to August 720 for a net profit of 220$. All our portfolio shows a 7.5% plus value since beginning of march so far. Last signals review Go to the Trading Signals page to see how each current position is used in each portfolio. Go to the Options Trading History page to see trading history for each portfolio. Date Market Trade Type Description Symbol Strike Price Month Margin Amount Current Profit 2007/06/22 SPX PUT Uncovered Sell PUT uncovered August SPX 1360 SXY 1360 August 14160 560$ 560$ 0$ 2007/06/22 RUT PUT Uncovered Sell PUT RUT August 720 RUT 720 August 7515 315$ 315$ 0$ 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 May 2007 April 2007 March 2007 February 2007 January 2007 December 2006 November 2006 October 2006 September 2006 August 2006 July 2006 Juin 2006 PPI +0.9% +0.7% +1.0% +1.3% -0.6% +0.9% +2.0% -1.6% -1.3% +0.1% +0.1% +0.5% Core PPI +0.2% 0.0% 0.0% +0.4% +0.2% +0.2% +1.3% -0.9% +0.6% -04.% -0.3% +0.2% Retail Sales +1.4% -0.2% +1.0% +0.5% 0.0% +0.9% +0.6% +0.1% -0.8% +0.2% +1.4 -0.4% CPI +0.7% +0.4% +0.6% +0.4% +0.2% +0.5% 0.0% -0.5% -0.5% +0.2% +0.4% +0.2% Core CPI +0.1% +0.2% +0.4% +0.2% +0.3% +0.2% 0.0% +0.1% +0.2% +0.2% +0.2% +0.3% Housing Starts 1.474M 1.506M 1.491M 1.51M 1.40M 1.64M 1.57M 1.486M 1.74M 1.67M 1.795M 1.85M Building Permits 1.501M 1.429M 1.56(M 1.53M 1.568M 1.60M 1.51M 1.535M 1.638M 1.72M 1.747M 1.869M Employment +157,000 +88,000 +177,000 +113,000 +146,000 +206,000 +132,000 +79,000 148,000 188,000 121,000 124,000 Durable Goods Orders +0.6% +3.4% +2.4% -7.8% +1.9% -8.3% +7.8% -0.50% -2.4% +3.1% Durable Goods Excluding Transportation +1.5% -0.4% -3.1% -1.1% -1.7% +0.1% +0.5% New Homes Sales +16.2% +2.6% -4.0% -6.6% +12% +3.9% -4.0% +5.3% -3.0% -4.5% Existing Homes Sales 5.99 Millions 6.15 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 ISM Index(Manufacturing) 55.0 54.7 50.9 52.3 49.3 51.4 49.5 51.2 52.9 54.5 54.7 53.8 ISM Services 59.7 56.0 52.4 54.3 59.0 56.7 58.9 57.1 52.9 57 54.8 57.7 Factory Orders +0.3% +3.1% +1.0% -5.6% +2.4% +0.9 -4.5% -1.7% -0.6% +1.2% 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 +0.6% 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 May came in at 0.9% and core PPI came in at 0.2% inline with expectations. CPI came in at 0.7% and core CPI came in at 0.1% better than expectations. Retail sales came in at +1.4% inline with expectations. Housing starts continued to decline at 1.474 Millions and building permits were up at 1.501 millions higher than expectations. Inflation numbers(CPI and PPI) were inline with expectations and not threatening for now. Real estate markets continue to lag behind. Retail sales continue to improve at a reasonable pace keeping the economy afloat. So lowering rates by the end of the year is uncertain and can generate fluctuations higher than usual in the market. The prime remained at 5.25 Statement remains basicly the same except for possible rate hikes later this year. The SP500 PE ratio is at 18.02 according to March 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.