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Interesting Sector Charts for 2006....I have grouped the charts in the sectors that are similiar to one another...ie) Banks, Finacial, Insurance and Diversified Companies would all be grouped together on a performance chart starting on Jan 3rd 2006....

This could help in locating strong/weak trending sectors....Yearly Outperformers and Underperformers....

Owning good companies in the wrong sectors have been one of the hardest learning lessons of my investing career...This may help some see the benefit of broad diversification....Try not think about the rally over the last 4 months only when looking at the charts, but also look at which sectors performed best during both the 1st of the year and the may sell offs....I know it's hard to see, but it may give you an idea where to hide if we start to sell off...

Sorry about the quality I had to dumb it down to a *.gif file

$COSTAverageMAN
 

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Makloda and Dr. Steph....I have always had the intention of slowly getting my money into the TIPS or something similiar, but I still have the drive to learn the markets....It's a skill no one can master, but millions try to adapt everyday to their own interpretation of what is actually going on....I have been very "LUCKY" this year....I got out just days before the crash and jumped in just days before the lows....Was dollar costing on 6/13 on everthing and 7/21 for techs and others....That was mostly Luck and I will be the first one to admit it....I still look at 300 to 600 charts everynight and read almost all day long....You just have to be passionate about it and understand that you will make plenty of mistakes, but as long as you are diversified and never overwieght speculation (except when you got that gut feeling) everything will be allright....

It feels great to be in control of my families future...I don't think I would ever trust that to a hedge fund!!!

PGWC worst performer of the year for me and I never lost a minute of precious sleep over it...

$COSTAverageMAN
 

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hope u are not goin' to leave us $cost. your journal is somethin' really extraordinary like it's your persona. please re-think it out, amongst others your contributions are what makes et great.
 
Quote from Bitstream:

hope u are not goin' to leave us $cost. your journal is somethin' really extraordinary like it's your persona. please re-think it out, amongst others your contributions are what makes et great.
More...

Agree. One of the best journals I have read.
 
Thanks everyone!!!

I'm glad to be apart of Elite Trader and hope to help others, become more of an investor/swing trader....90% of your profits will be made in the middle of a move!!!

Interesting Russell 2000 weekly chart...Looks like we have started a double top...The economic news and true strength of our economy looks to support this...Also recent strength in the VIX could confirm further selling....Be careful ALL...

Since my post on 10/27 before the market opened, I have noticed some intense selling...Hopefully this community has been taking profits and not doubling down....I would consider this pullback to be more severe than anyone other one in the last 3 months....Plenty of room to fall before support and who knows where that may be....I hate to say it, but an article I read has me once again considering the opinion that we may have been in a manipulated Bull Market....

http://www.minyanville.com/articles/index.php?a=11475

Not very sure on the credibility of this information, but I wouldn't put it past our best friend "The MAN"....Just imagine an election on 6/13 with $3.00 gasoline and $75.00 oil....Wouldn't even be close since we all vote with our wallets...Right....I have learned in life to only believe a fraction of what I hear and see...

Japan off, but not to bad
Europe weak, but nothing to panic about
US could be an interesting open, But I have been committed to getting into cash and short positions....It has been working so far
and all I can say is another "Lucky CALL"

$COSTAverageMAN
 

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Are you still with UBS? I remember you said how they charge 1.x% annualy in fees if I recall correctly.

Do they give you anything in return (information, research, notice on up/downgrades?) that makes paying the fees worthwhile?
 
Yes...I'm still with UBS.... As my accounts have grown, my commissions are coming down in some accounts.....Yes I have access to research and unlimited trading in most accounts, but more importantly I can discuss any questions I have with an experienced CFA...At the speed I role in and out of my investments, these commissions act as 4 bad days in a 255 day trading year....Most of the time the interest I receive from the sweep program covers some of my quarterly commissions....

$COSTAverageMAN
 
Well keep it up, obviously you're doing great, no reason to change a thing!

Let us know when (and why) you get more aggressive (reducing your short exposure). Thanks :)
 
10-27-06 07:09 AM

WWCDN?

Got my currency hedged last week with the EUR/USD (Long)---USD/GBP(Short) and USD/CHF(Short)....I plan to hold this hedge into 2007, but will watch Federal Reserve statements about any continued tightening closely or any consistent dollar strength...So far the gains are a little over 1%....

10-29-06 08:29 PM

10/27 11:28am
USD/CHF US dollar falls to 1.25 following news that the Swiss National Bank trimmed its $US holdings to 26% from 27%


Well I was ahead of one major national bank selling dollars and buying the other majors...Econ data for the week will have my attention and I'm holding all hedges into the election, unless we rally strong....Keynesian "The Markets can stay irrational longer than you can stay solvent"....A favorite quote of mine!!!

Just had one of those gut and T/A feelings that the dollar strength we had over the last couple of months was just a short term currency rebound effect from the May dollar weakness...And real data would again begin to show the true weakness in our currency...Long term I am a dollar bear and will try to hedge my exposure/portfolio when the opportunities arise...I could go into all the details behind these long term outlooks, but just remember all the previous currency crisis this world has had in the past and guess who could be next...Study the collapse of the Rubble and what set it off...

Gold/Silver had a nice bounce off the lows of the week as well...It would be nice to see Gold hold $600/oz and Silver hold $12.00 for the week ahead...

That was a nice call on the metals and a lucky call on the dollar!!!

DOMINO EFFECT.....Switzerland increases diversification and now China talking about it....who is NEXT.....This is bad bad bad for the dollar.... Well Cheney was right to have his 40 Million in EURO BONDS....I will just keep my dollar denominated equity hedged....This could be good for Large US exporters...

$COSTAverageMAN
 

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