Hello All......I hope everyone had a great Summer.....Glad to be back home.....My wife and I spent the Summer traveling to Hawaii and Alaska.....I had the best hunting experience of my life in Africa (The wife didn't make it to Africa, but my youngest son came with me) and I got some great pictures to share with everyone....
Don't think I wasn't on top of my game when I was away.... I also had my youngest son watching the portfolio and he did very well for a college grad (He actually gets the market and is passionate about it)....So......To the Markets Right!!!!
The Summer has been pretty easy actually....I have been holding((((YIELD))))) and actually have some impressive capital gains...... Tobacco, Utilities (Telephone, Gas, Power, Water), Reits, Tankers, Supermarkets, Drug Stores, Prepared Food, Alcohol, Meat, Telecomm (Cellular and Services), HMO's, Hospitals, Nursing Homes, Healthcare Products, Drugs (Generic and Big Pharma), Petroleum (Oil and Gas), Software (business and Desktop), Cosmetics, Paper and Income Funds.....Many other sectors were left out, but this is where I am Overweight
6/8 and 6/13 (This was a very key reversal day) were the days to load up in Miners, Steel, Petroleum, Foreign Banks and International ETF's...JUST ABOUT ANYTHING...I did my best and got almost fully invest on this day
7/17, 7/18 and 7/21(Option expiration Day) was the day to start getting back into Tech, Oil (Positions that were sold in early July) and even Home builders......I opened some smaller positions here....7/21 was the end of a serious manipulation of commodity stocks
I have been taking profits over the last two days pretty heavily and on MONDAY started building up short positions in The Direxion Funds Developed Market 2.0X Short Fund, DIREXION FUNDS EMERGING MARKETS, DIREXION FDS SMALL CAP BEAR 2, DIREXION FDS S P 500 BEAR 2 5X.....ALSO...QID, MZZ and DXD....
Currently I am about 25% Short--- 70% Long---- 5% Cash
I will try to get an excel sheet up.....
NOTE TO ALL----I have noticed that many Mutual Funds are pretty close to the levels they were at around May 11th....I just have a hard time believing that we will go back and A) break through the May 11th highs B) That this short squeeze will continue for another 50 points on the S&P C) Option expiration rally/Short squeeze on light volume last week, that took us back through the 200 day M/A on the Russell 2K, will take us to new highs and provide support at the 200 day M/A.....ALL in ALL I feel last weeks rally was a golden time to SELL....
ONLY TIME WILL TELL.....GL to all and Good Trading to you
$COSTAverageMAN
Don't think I wasn't on top of my game when I was away.... I also had my youngest son watching the portfolio and he did very well for a college grad (He actually gets the market and is passionate about it)....So......To the Markets Right!!!!
The Summer has been pretty easy actually....I have been holding((((YIELD))))) and actually have some impressive capital gains...... Tobacco, Utilities (Telephone, Gas, Power, Water), Reits, Tankers, Supermarkets, Drug Stores, Prepared Food, Alcohol, Meat, Telecomm (Cellular and Services), HMO's, Hospitals, Nursing Homes, Healthcare Products, Drugs (Generic and Big Pharma), Petroleum (Oil and Gas), Software (business and Desktop), Cosmetics, Paper and Income Funds.....Many other sectors were left out, but this is where I am Overweight
6/8 and 6/13 (This was a very key reversal day) were the days to load up in Miners, Steel, Petroleum, Foreign Banks and International ETF's...JUST ABOUT ANYTHING...I did my best and got almost fully invest on this day
7/17, 7/18 and 7/21(Option expiration Day) was the day to start getting back into Tech, Oil (Positions that were sold in early July) and even Home builders......I opened some smaller positions here....7/21 was the end of a serious manipulation of commodity stocks
I have been taking profits over the last two days pretty heavily and on MONDAY started building up short positions in The Direxion Funds Developed Market 2.0X Short Fund, DIREXION FUNDS EMERGING MARKETS, DIREXION FDS SMALL CAP BEAR 2, DIREXION FDS S P 500 BEAR 2 5X.....ALSO...QID, MZZ and DXD....
Currently I am about 25% Short--- 70% Long---- 5% Cash
I will try to get an excel sheet up.....
NOTE TO ALL----I have noticed that many Mutual Funds are pretty close to the levels they were at around May 11th....I just have a hard time believing that we will go back and A) break through the May 11th highs B) That this short squeeze will continue for another 50 points on the S&P C) Option expiration rally/Short squeeze on light volume last week, that took us back through the 200 day M/A on the Russell 2K, will take us to new highs and provide support at the 200 day M/A.....ALL in ALL I feel last weeks rally was a golden time to SELL....
ONLY TIME WILL TELL.....GL to all and Good Trading to you
$COSTAverageMAN
