Sunday 2 August 2015

Stocks : 3rd August 2015

Disclaimer - Read this first!
I am not a financial adviser.  These are paper trades.  I am not suggesting you follow these signals.  If you take any action based on my blog you do so at your own risk.
This is not a signal service.  While endeavoring to post signals before time occasionally I will only be able to post signals a day or two late


 Disclosure - Personal InterestsMMS, NSRVTG

System status

WETT = On (As at 3 August 2015) 

Opening Stock Trades

WETT **
Buy ELD - initial stop 2.47

 

Closing Stock Trades

WETT
Nil


Chart(s) of the day
Time for an end of month update.  The WETT portfolio is mainly in cash having been in protective mode for the best part of a few months.  Is this the start of a big run up or just another false dawn?  We can never know the answer to that question.  We aren't fortune tellers.  All we can do is buy when it LOOKS like the market has started rising and be defensive otherwise.

Current open positions and July Closed positions





All Stock charts courtesy of www.IncredibleCharts.com

** WETT Trades are closely aligned with the methodology described in 'The Weekend Trend Trader' by Nick Radge.  Buy his book if you wish to discover how I am generating these signals (note: I do not receive any benefit from promoting Nick Radge)

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