Tradesight Launches New ETF/Options Service...

We're pleased to announce the launch of our newest trader/investor series service, the ETF report.
What is an ETF? The short version is this: Exchange Traded Funds. Most of you have heard of the QQQQ, which is a stock that trades based on a basket of stocks that make up the NDX. That is one ETF. There are many others, including ones based on US indices, sectors, bonds, and foreign markets.
What is the purpose of trading an ETF? There are many. We aren't going to be approaching this like our main stock report. Most of the calls are not necessarily "daytrading" calls, although we will maintain stops, and you could get stopped intraday. ETFs are a lot more stable than individual stocks. You don't have the individual volatility, which works both ways. They don't often give you massive daytrading opportunities, but your risk in holding these overnight is limited. QQQQ is not going to gap from $42 to $25 overnight due to bad news.
Another reason that we are excited about this service is that it gives us the opportunity to follow foreign market indices. US stocks have been very exciting since the first of the year, but the overall range in 2005 on a percentage basis was the lowest in a decade. That was not true of many other major world markets. There are trading opportunties in these ETFs.
For over a year, I've been looking for the appropriate place to provide education on options. I occasionally cover these in the stock report, but I often get comments from some who see that as a distraction because they are largely daytrading and not interested in options. Well, the ETF market is a perfect place to apply options. Why risk $42 per share on the QQQQ for a one-week play when you could risk $3 in a call or put on the QQQQ and have the same gain potential? We will be discussing this in an on-going fashion in this report.
For a complete list of the ETFs that we will be potentially calling trades in, click on the ETF link at the top of the website banner. Many of these won't see a lot of calls or action, but they are available to us.
What sort of calls will we be making and what do you get with the service? All calls will be made via the Tradesight Messenger. There will be one report per week to review the week's trades, give general comments going forward, and have an educational section for topics like options. Our trade calls will be specific in terms of entries, stops, goals, and timeframes. Calls will be based on breakouts, reversals against support/resistance on the daily charts, Rich's Demark studies, and more. We will try to be as specific as possible about the REASON for the call so that you can decide if it meets your trading criteria. We aren't just going to leave you hanging. As with everything else in the Tradesight world, it's about teaching you to trade and become a better trader.
What is the cost of the service? $49 per month. We will begin taking sign-ups on Friday, January 13th and begin the service over the weekend (Monday is MLK holiday for the markets). There will be a first intro report over the weekend, and then the calls will begin next week. Rich and I will both be writing in the reports each weekend.
Anyone that signs up this weekend (please wait until Friday) will receive the first month of the report for $25 as an Introductory price. Please bear with us as there are always little glitches and issues on the website end when we launch a new service. This one is particularly tricky because the report procedure has changed so that Rich and I can contribute easily to the same report. There is always the potential of shopping cart issues with a new service launch as well. Platinum subscribers will receive the first month of the service for free, and then the Platinum monthly fee will go to $460 per month, adding $40 (a $10 discount (20%) as usual).
This report wasn't my idea (you can thank our own Rich Derrick); INSERT INTO `wp_posts` (`ID`, `post_author`, `post_date`, `post_date_gmt`, `post_content`, `post_title`, `post_category`, `post_excerpt`, `post_status`, `comment_status`, `ping_status`, `post_password`, `post_name`, `to_ping`, `pinged`, `post_modified`, `post_modified_gmt`, `post_content_filtered`, `post_parent`, `guid`, `menu_order`, `post_type`, `post_mime_type`, `comment_count`) VALUES I will say that, but we have received a lot of early comments from subscribers (and non-subscribers) who are very interested in this service, and we look forward to providing it. After the success of the swing report for less active traders, we hope to find a home for many of you.
Thanks for being the best subscribers in the world,
Chris Mercer
President
Tradesight.com