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 21st. 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 continues SP500 and DOW continue in their current trading range for the 4th week. ND100 remains in a slow uptrend. DOW and SP500 near the upper end of trading range Trading range continues Last trades update Index Market Current Price 2 weeks Change # cycles completed SP500 1530.44 27.88 1 ND100 1988.31 66.37 0 Dow 13612 252 1 SP500 Last Comment SP500 continue in a trading range for the 4th week (1490-1540) as forecasted earlier. SP500 went near the lower band 2 weeks ago and reboubnded starting a new cycle as forecasted. SP500 is near the upper range of this trading range. However SP500 is not overbought with RSI at 48. So we expect SP500 to touch the upper end of the trading range soon. 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 continue in a slow uptrend and accelerated a bit in the last week. This sector is less affected by concerns over interest rates. It is now above the upper band and near to be overbought (RSI at 64). Negative divergences disappeared. We can expect this trend to continue with short term set back. 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) for the 4th week. DOW touched the lower band (13230) 2 weeks ago and triggered a new cycle after a solid rebound. DOW is not overbought with RSI at 46. So we can expect DOW to hit the upped end of the trading range in the coming week. DOW is more affected by financial sector and utility sector the most hardly hit in the past weeks. 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. Our August 1360 and our August RUT PUT 720 are doing wery well at present time. It may allow us in a few weeks to rollover to September or at a higher strike price in August. 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$ 245$ 315$ 2007/06/22 RUT PUT Uncovered Sell PUT RUT August 720 RUT 720 August 7515 315$ 150$ 165$ 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 June 2007 May 2007 April 2007 March 2007 February 2007 January 2007 December 2006 November 2006 October 2006 September 2006 August 2006 July 2006 PPI +0.9% +0.7% +1.0% +1.3% -0.6% +0.9% +2.0% -1.6% -1.3% +0.1% +0.1% Core PPI +0.2% 0.0% 0.0% +0.4% +0.2% +0.2% +1.3% -0.9% +0.6% -04.% -0.3% Retail Sales +1.4% -0.2% +1.0% +0.5% 0.0% +0.9% +0.6% +0.1% -0.8% +0.2% +1.4 CPI +0.7% +0.4% +0.6% +0.4% +0.2% +0.5% 0.0% -0.5% -0.5% +0.2% +0.4% Core CPI +0.1% +0.2% +0.4% +0.2% +0.3% +0.2% 0.0% +0.1% +0.2% +0.2% +0.2% Housing Starts 1.474M 1.506M 1.491M 1.51M 1.40M 1.64M 1.57M 1.486M 1.74M 1.67M 1.795M 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 Employment 132,000 +190,000 +88,000 +177,000 +113,000 +146,000 +206,000 +132,000 +79,000 148,000 188,000 121,000 Durable Goods Orders -2.8% +1.1% +3.4% +2.4% -7.8% +1.9% -8.3% +7.8% -0.50% -2.4% Durable Goods Excluding Transportation -1.0% +1.5% -0.4% -3.1% -1.1% -1.7% +0.1% New Homes Sales -1.61% +16.2% +2.6% -4.0% -6.6% +12% +3.9% -4.0% +5.3% -3.0% Existing Homes Sales 5.99 Millions 6.01 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 ISM Index(Manufacturing) 56.0 55.0 54.7 50.9 52.3 49.3 51.4 49.5 51.2 52.9 54.5 54.7 ISM Services 60.7 59.7 56.0 52.4 54.3 59.0 56.7 58.9 57.1 52.9 57 54.8 Factory Orders -0.5% +0.5% +3.1% +1.0% -5.6% +2.4% +0.9 -4.5% -1.7% -0.6% 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 +0.7% 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. Existing home sales for May came in at 5.99 Millions unit lower again than previous month. New home sales were 1.6% lower than previous month for May. Durable goods orders were 2.8% lower than previous month. Factory orders for may were lower by 0.5%. ISM manufacturing for June came in at 56 higher than expected. ISM services passed over 60 for June much higher than expected. Finaly employment for June came in at +132000 just a bit higher than expected. GDP for first quarter 2007 was revised to +0.7% from +0.6%. Real estate continue to decline. Factory orders and durable goods order also continue to decline while ISM manufacturing and ISM services show great numbers. Employment is solid nut not too much. GDP for first quarter is very moderate. So we have some equilibrium in the economy and no sign of decline for next 3-6 months to come. However nothing either to hope for a delcine in interest rate. We should not see either any rate hike for the rest of the year. The prime remained at 5.25 Statement remains basicly the same except for possible rate hikes later this year if inflation picks up. The SP500 PE ratio is at 18.35 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.