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 March 1st 2008. This is based on regular monthly revenu. In fact you will see my own real trades plus other possibilities to generate 20 - 25% growth every year no matter where the market is heading. More soon. Trading range SP500 retreated down as expected near 1320 to a double bottom and is now in a trading range. DOW also retreated to be in a double bottom position. ND100 had a set back too and created also a double bottom and is now in a trading range. Trading range Last trades update Index Market Current Price 2 weeks Change # cycles completed SP500 1349.99 -45.43 0 ND100 1780.38 -74.89 0 Dow 12348 -395 0 SP500 Last Comment SP500 was completing the first recovery leg 2 weeks ago and retreated back as low as 1320 intraday to create a double bottom position as forecasted. At current level (1350) it is still time to buy even if it may get a bit lower in the coming week. We are now in a trading range (1320-1360). This trading range may last several weeks since we have nothing to trigger a major rally. But for sure the recent bear market is over with the double bottom we had which is completing the last phase of a bear market. We have an RSI reading near 50. 1270 becomes a very important support since it was the bear market intraday lowest point. We can now expect this trading range to last for some weeks. 1270 is our first support 1220 is our next support. ND100 Last Signal Comment ND100 was in the same pattern as SP500 and created also a double bottom. It is now in a trading range (1740-1820). At current level(1780) it is still time to buy QQQQ and profit from this double bottom. This trading range may last for some weeks. We have an RSI reading of 46 which is neutral leaving room for some upmove. So the current trading range should continue for a while. We can consider that our first support is now at 1710, our next support at 1450. DOW Last Signal Comment DOW had the same pattern as SP500 creating a double bottom near 12000 and started a trading range form that point (12000-12600). It's RSI reading is at 49 which is neutral. We can then expect this trading range to continue for some weeks. Our first support is now at 12000 and our next support is at 10800. Special Option Strategy Update Please note that the email service to signal new trades update will be now available to subscribers only. The service is no longer free. It yielded so far 20% in 10 months. So Order now Our march trades are better and better. We are back in the profit zone. We are now looking for profit taking or rollover with profit in 2-3 weeks from now. You now need to subscribe to our trading service to see the specifications. All our portfolio shows a 20% plus value since beginning of march so far. Last signals review Order now our trading service and go to the Trading Service page to see how each current position is used in each portfolio. Date Market Trade Type Description Symbol Strike Price Month Margin Amount Current Profit 2007/12/21 SPX PUT Uncovered Sell PUT uncovered February SPX SXY February 14000 470$ 225$ 255$ 2007/12/21 RUT PUT Uncovered Sell PUT RUT February RUT February 7000 300$ 300$ 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 January 2008 December 2007 November 2007 October 2007 September 2007 August 2007 July 2007 June 2007 May 2007 April 2007 March 2007 February 2007 PPI -01.% +3.2% +0.1% +1.1% -1.4% +0.6% -0.2% +0.9% +0.7% +1.0% +1.3% Core PPI +0.2% +0.4% +0.0% +0.1% +0.2% +0.1% +0.3% +0.2% 0.0% 0.0% +0.4% Retail Sales +0.3% -0.4% +1.2% +0.2% +0.6% +0.3% +0.5% -0.9% +1.5% -0.2% +1.0% +0.5% CPI +0.3% +0.8% +0.3% +0.3% -0.1% +0.1% +0.2% +0.7% +0.4% +0.6% +0.4% Core CPI +0.2% +0.3% +0.2% +0.2% +0.2% +0.2% +0.2% +0.1% +0.2% +0.4% +0.2% Housing Starts 1.006M 1.173M 1.232M 1.193M 1.33M 1.367M 1.47M 1.474M 1.506M 1.491M 1.51M Building Permits 1.068M 1.152M 1.170M 1.126M 1.326M 1.389M 1.41M 1.501M 1.429M 1.56(M 1.53M Employment -17,000 +82,000 +135,000 +170,000 +96,000 89,000 +68,000 132,000 +190,000 +88,000 +177,000 +113,000 Durable Goods Orders +5.2% +0.5% -0.4% -1.7% -5.3% +6.1% +1.9% -2.8% +1.1% +3.4% +2.4% New Homes Sales -4.7% -9.00% +1.68% -4.8% -8.0% +3.7% -6.5% -1.61% +16.2% +2.6% Existing Homes Sales 4.89 Millions 5.00 MIllions 4.98 Millions 5.04 Millions 5.48 Millions 5.75 Millions 5.76 Millions 5.99 Millions 6.01 Millions 6.15 Millions 6.68 Millions ISM Index(Manufacturing) 50.7 48.4 50.8 50.9 52.0 52.9 53.8 56.0 55.0 54.7 50.9 52.3 ISM Services 44.6 53.9 54.1 55.8 54.8 55.8 55.8 60.7 59.7 56.0 52.4 54.3 Factory Orders +2.3% +1.5% +0.7% +0.30% -3.5% +3.4% +1.0% -0.5% +0.5% +3.1% +1.0% GDP(Gross Domestic Product) Numbers 4th Quarter 2007 3rd Quarter 2007 2nd Quarter 2007 1st Quarter 2007 4th Quarter 2006 3rd Quarter 2006 2nd Quarter 2006 1st Quarter 2006 4th Quarter 2005 3rd Quarter 2005 +0.6% +4.9% +3.8% +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% and CPI at 6.3%. In the last 2 weeks we had several major economic news. See the table above for all numbers. Factory orders for december were up 2.3% better than expected. ISM services for january came in at 44.6 much lower than expected and triggered a selloff in the market. Retail sales for january were up 0.3% better than expected. ISM services last number created a shock on the market going under 50 for the first time in 5 years reviving recession fear. However factory orders were better than expected as well as retail sales creating some mixed signals about the economy. For sure growth has slowed down a lot and next months readings will tell us more if rates cut will help reviving the economy. The SP500 PE ratio is at 17.14 according to September results. Remember that when the last major economic cycle that started in march 2003 the PE ratio was at around 16. So we are in the middle of the range (16-20).