We have some key reports due out this week. In terms of the state of the economies we will see the service and manufacturing indexes for both the US and UK. The big report of the week is the US Non Farm Payrolls which is due out on Friday, watch the ADP version of this report for possible direction, this is released on Wednesday.  

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We have seen a large sell off of some of the best performing stocks over the last week. This is partially related to the sell off in some commodities and related stocks and probably partly due to further margin calls.

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Sorry for the delay in adding to this blog but I had been away for a couple of days. As we had a few new followers of the blog, I thought a video would also be useful for bringing you up to date on the virtual fund.

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We have a busy week in front of us with some key economic reports and decisions being made. Most focus will be on the US Interest rate Statement, the consensus is that rates will be cut by at least 0.5%, although more could well be forthcoming. Watch out for emergency responses to the troubles being faced by the banking sector.

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We saw a further three stocks hit their trailing stops due to the large sell-off in most sectors. Although it is a shame to see these go, you have got to marvel at the gains they made thoughout this rather ugly market.

• Mosaic made 51.7%
• Syngenta made 15.45%
• Machel Steel made 54.22%
• Compahia Siderurgica Nacional 39.43%

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I have updated the virtual fund and reviewed the stock list made in the March newsletter.

Following the sharp sell off last week, we have retraced a little although overall we have our stops mostly set in a positive position. If we get stopped out of any of the current positions we will look to either re-enter them or swap them for one of the stock list alternatives.

Here is the the latest update http://www.ezeetrader.co.uk/stockwatch/100308.xls

Regards

Kym

Last week was a pretty good week in terms of economic data for the UK. The services purchasing manages index came out ahead of expectations as did the manufacturing figures. The Bank of England Monetary Policy Committee decided to leave the interest alone and keep their emphasis on curbing inflation (most of which is out of their control anyway!) rather than helping the economy with a rate cut.

In the US they had one of those weeks that they would rather not discuss. It all started when the independent company ADP released their employment figures, which showed a 23,000 drop in new jobs as against a 10,000 growth expected. This proved a reasonable prediction, although the actual figures were much when released on Friday, coming in at minus 63,000. The unemployment numbers came in unchanged at 4.8% which was a relief and reduced the disappointment.

We have a quiet week ahead from a UK perspective, although apart from moving their clocks ahead of ours already, the US have a couple of key reports due out.

Monday 10th March

• 09:30 UK Industrial Production
• 09:30 UK Producer Price Index
• 14:00 US Wholesale Inventories

Tuesday 11th March

• 00:01 UK RICS House Price Balance
• 00:01 UK BRC Retail Sales Monitor
• 12:01 UK National Institute of Economic and Social Research GDP estimate
• 12:30 US Trade Balance
• 15:30 US Leading Indicator

Wednesday 12th March

• 09:30 UK Trade Balance
• 14:30 US Crude Oil Inventories

Thursday 13th March

• 00:00 UK No results due
• 12:30 US Retails sales
• 12:30 US Unemployment claims
• 12:30 US Import Price Index
• 14:00 US Business Inventories

Friday 14th March

• 00:00 UK No results due
• 12:30 US Consumer Price Index
• 14:00 US Consumer sentiment

I have been a bit busy over the last couple of days, so sorry for the missed updates.

We were stopped out on MOS a couple of days ago for a good profit overall. I will look to re-enter this stock if we get a reasonable set up as the sector is still strong.

Yesterday I updated some of the stops with one of my mentees, this is to ensure we lock in profits if the sell-off starts to effect the better stocks again.

Here is the link http://www.ezeetrader.co.uk/stockwatch/070308.xls

Best wishes

Kym

The newsletter has now been published and a number of new stocks have been selected, two of which may be added to the virtual fund. The newsletter contains the 10 stocks which I have just selected, these will be added to the file below within the next day.

Here is the link to the virtual fund

http://www.ezeetrader.co.uk/stockwatch/040308.xls

regards

Kym

We have a number of key reports coming out this week. We have already seen the UK Manufacturing PMI, which has come in slightly better than expected and is still positive showing growth is continuing.

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