LS Trader Weekly Update

The past week was a much better week for the LS Trader system and we have seen some trends form after a couple of fairly directionless couple of months. We exited no trades during the past week and are now in profit on 16 of the 21 trades that we are in, with the biggest being in EUR/USD (379 pips in profit), Gold (43.9 pips in profit), Lumber (3532 pips in profit), Oats (19.7 pips in profit), Silver (102 pips in profit) and Wall Street (460 pips in profit).

The markets still remain volatile, especially the stock markets, which saw a 500+ point fluctuation in Wall Street during the week. The LS Trader system is starting to ride the trends and it looks like we will start to see some very profitable months. You always have to be patient and ride out the harder times, and wait for the good times.

This week there is 2 new trades for the LS Trader subscribers. If you are not a member of LS Trader, you can still join us, and start making these phenomenal profits today. To join the LS Trader system, click on the link below:

http://www.lstrader.co.uk/signup.php

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The LS Trader Financial Spread Betting Weekly Update

Stocks

From last week “The current rally may run in to resistance at 875 which if resistance holds we should see a move back towards support at 800” The March S&P 500 reached 872.8 on Monday, just shy of resistance at 875 and this level sent the market lower as expected, hitting a low for the week at 806. This level once again found buyers and the range remains as before. Watch 875 up and 800 down. A break of either level should lead to movement in the direction of the breakout.

Wall Street fell through support at 7800 and declined sharply to new contract lows at 7660. We then saw a rally on Thursday, erasing the losses for the day. The market then dropped on Friday and closed below 7800, which suggests weakness ahead.

The US markets are closed on Monday 16^th for Presidents’ Day.

Commodities

From last week’s commentary “The current rally in the April contract may head up to a test of $950. If resistance at $950 can be taken out we should see $1000.” The April Gold contract rallied up to exactly $950 on Thursday, where it hit resistance and pulled back slightly. This $950 level remains the key and if it can be taken out then the scenario for gold looks bullish.

Again from last week “Crude has tested $40 several times this week and each time buyers have come in. If support at $40 does eventually fail then we may see a move lower to around $35 in the weeks ahead.” Support at $40 failed on Tuesday and the market dropped through our target at $35 and hit a new contract low at $33.85. We then saw a rally back up to $37.51 on Friday. The trend remains down.

Currencies

The US Dollar gained for the week and hit a high of 8712 before pulling back. We still look on track for a test of 8800 which will determine direction over the next few weeks. The range is still between 8400 and 8800, and a break of either should be good for a couple of hundred points.

Good luck in your trading

Kind Regards

Robert Stewart

www.LSTrader.co.uk

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