Profit Watch

Apparently, there’s just no stopping stocks. They just keep on trucking higher as investors forget about the recent troubles in the financial sector and focus on Merrill Lynch’s note that ‘credit markets may be “past their worst”’.

Meantime, oil feels even more bullish... like everything is conspiring to drive this commodity higher. May futures for West Texan Crude are up another two dollars as I write to $108 and change – and the momentum seems to be building.

I’ll have more on that in a moment, as Garry White explains just why this market is on fire... and how you could profit.

Beat the stampede: tune in at 10am tomorrow for your chance to join Time Trader...

But first, I’ve got some important news for anyone looking to start shadowing the most talked about trader on our books. If you missed last month’s sign-up opportunity, get ready for another chance.

Keep an eye out after 10am tomorrow. As I mentioned in Friday’s Profit Watch, the doors are about to open up again for our Time Trader service. Based on the rush we saw last month, I’m expecting quite a stampede as ambitious traders look to get into the next trade.

I’ll tell you more tomorrow, but here’s a little “heads-up” about what this entails. I want to make sure you are one of the first to read about this opportunity when I send it tomorrow.

First up, this is not the kind of trading where you need to chain your self to your computer. All you need is a mobile phone and to meet some selection criteria to make sure you’re the right kind of investor... and you’re ready to roll.

How just one trade a month made this guy half a million pounds in six months...

You see, Robin Tracey, the mastermind behind Time Trader, makes just one trade per month. That’s all he needs. He’s been utilising this "one trade a month" work ethic for the last ten years and it has helped him become a millionaire. In fact, when we were working with Robin to launch this service, he made half a million pounds in just six months – purely from the trades he made following this strategy.

Adrenalin seekers who want the thrill of trading in and out of the market on a weekly, daily or even hourly basis, this might not be what you’re after – although you could certainly add it to your weaponry (and when you see how it works, you might just give up the manic trader lifestyle and opt for this less stressful one!)

If you’re the kind of trader who’s looking for a less stressful strategy, but with great profit potential, then tune in tomorrow... I’m pretty sure this could be what you’re after.

Profit Watch readers are top of the list – you’re the right calibre

As usual, Profit Watch readers will be among the first to see this opportunity. Robin Tracey is looking for a certain calibre of trader to join him for his next trade and I think you’re more qualified than most. I’ve got you to the top of the list – so take a look tomorrow and see if you’d like to test out this fascinating strategy for playing the markets. There’s nothing else like it that I’ve seen.

I’m quite sure you’re busy – too busy to be watching your inbox, waiting for my message tomorrow. So to make it easy, I’ll make sure I send details at 10am tomorrow - you should have it by 10.30am. Take a look and see what you think – if you like the sound of Time Trader, grab that place while it’s there. The next trade is coming very soon.

$100/barrel: a new base for oil – here’s why it could go higher...

Despite concerns about a rocky global economy, the oil price has found a floor at $100,” says Garry White of Smart Commodities. “WTI futures have hit $106.7 this morning, boosted by a small refining fire at an Exxon operation in Los Angles on Friday, continuing concerns about the dollar and the first fall in Opec output since August last year.

$106.7? That’s old news, Garry – as I write, the price is a few cents shy on $109 for May delivery.

Bloomberg reports: “Crude oil jumped more than $2 a barrel and gasoline rose to a record as investors looking for an inflation hedge and higher returns flocked to commodity markets.

Fine, so oil’s going up – that’s nothing new for regular readers of Profit Watch. We’ve been riding this trend since we launched in 2003. What we really want to know is how long can it last... and what does it mean to us as investors? How can we make money from it?

Garry White has the answer. That’s his thing – he writes about oil, gas, gold, in fact all commodities for his group of resource investors. He’s clear about oil:

Despite the threat of a global recession the oil price has remained above $100. This is not just speculation because, if it was, the oil price would have retracted with the gold price. It has outperformed gold over the last two weeks.

First-quarter earnings season kicks off in the US later day with Alcoa. When the oil companies start posting their corporate earnings I believe they will be significantly above consensus, prompting a re-rating of the sector as a whole.

What “Peak Power” means for oil...

I believe this will continue for the next few quarterly earnings reports – and possibly well into next year if “Peak Power” bites the Middle Eastern oil producers hard.

All this means great news for certain suppliers of other energies. With the oil price remaining above $100 and with subsidised fuel set to become a thing of the past... cheaper, but equally efficient, forms of energy will see a massive surge in demand.

One company I’m tipping is already doing exceptionally well and is set to go from strength to strength as “Peak Power” and reduced subsidies continue to drive up the price of oil.

So Garry’s advice to his readers right now is clear: Buy commodities – and oil in particular. If you’re looking for his specific profit plays – ones you can make easily through your own stock broker with easily traded shares - then just get on board his Smart Commodities letter. You’ll learn all about “Peak Power” and what it means for oil investors.

To find out why oil is one of Garry’s Power Trends – 5 trends that could see smart investors make an absolute killing in the months ahead - click here

Past performance is not a reliable indicator of future results. Your capital is at risk when you invest in shares, never risk more than you can afford to lose. Please seek independent financial advice if necessary.

All eyes on Central Banks

Traders will be Fed-watching again tomorrow. That’s when the minutes from the FOMC meeting last month will be released. Each time the minutes are released, they are gone over with a fine-toothed comb as traders look for any kind of indication for the next meeting... and where rates could be heading. This is key data for traders of stocks, currencies and commodities...

What else is there to look out for? Well, the other reports that will get some attention are the import and export prices for March. With inflation being the second biggest concern behind economic growth, these two reports will give us a little look ahead to next week’s PPI and CPI numbers.

The weekly US jobless claims report will get more attention than usual this week after last week’s report spiked to the highest level in three years.

And here in the UK? Well the big one to watch is how the Bank of England acts in their latest rate decision at midday on Thursday. Will they cut by 25 basis points as most of the pundits believe they will? Or leave it on hold? We’ll need to wait and see. It could be a market mover if it’s anything too drastic.

That’s all for today.

Best regards,

Frank Hemsley
Profit Watch