Who says you can raise taxes on depositors? Apparently, Cyprus can. This raises many questions. However, U.S. markets didn’t seem to mind too much as the problem was viewed to be contained to Russia and Europe. I guess we are considered a safe haven after all. This development, by the way, adds another point to…
Sold half of UPRO here to lock in gains as it has now hit all-time highs and I wanted to reduce our risk in the name. Stocks are still cheap, however, so I rotated back into the portfolio some more out-of -favor stocks disliked by wall street. After you read this update, I will initiate…
Here is what pundits are saying: This is a Fed induced rally, it isn’t real. This is a catch-22; damned if we do, damned if we don’t (use monetary easing that is.) Ben Bernacke said “he would stop using monetary easing if the economy could sustain itself on its own or if we could reach…
I have been gathering data for about two weeks now since the Dow hit its all-time highs. Fund managers are as enthusiastic as ever and the economy seems to be recovering at a nice pace. Now, when everyone gets excited, that is usually the sign of a top. However, this market keeps creeping higher and…
The Dow set a new record today hitting all-time highs. The path of least resistance seems to be higher but we must wait for the confirmation breakout before getting too aggressive. We were positioned well for the big move today but are still in 35% cash should we pullback. Expecting a 5-10% correction from these…
We have our plans set in motion if the market breaks the 20 day moving average. So far, we are holding. We are on the verge of a pivotal move; will hedge with a put option on SPY if we break. Stay tuned for updates or subscribe (free) to get real time access.
I was expecting a pullback in the stock market after failing the 20; I didn’t foresee a 100 point drop into the close. However, when I checked back after 3:00 and saw we dropped 200 points, a strange calm came over me (contrary to popular belief.) Maybe the idea of being in control over the…
Markets retreated this week on concerns about slower global economic growth and on the potential for U.S. monetary policy changes after the newly released Fed minutes. Since the broader averages were up nicely year to date (before the pullback, the S&P 500 was up 6.7%, the Dow Jones Industrial Average was up 7%, and the…
To be disciplined, I initiated a position in Chicago Bridge & Iron on the pullback today. We are treating this stock as a trade to add more leverage to the portfolio. 15% upside, 2% downside, so this risk/reward makes it easy to take our foot off the gas should the overall market continue to fall. We…
The market has had a good run for the last couple of months. However, this is the single largest pullback in a day that I have seen for quite some time. To me this implies posssibly a short-term top is coming, but one can never be sure. So, I am playing the market accordingly: I…
Portfolio Reaches $400,000 Despite Worst Bear Market in DecadesAugust 1, 2022Portfolio Reaches $300,000 Mark On Change Of Investment ApproachAugust 31, 2021
Portfolio Surpasses $200,000 From Post-Covid InvestmentsMarch 1, 2021
Liking Facebook’s Stock ($FB)July 12, 2014
Buying Copper & Gold Giant ($FCX)July 6, 2014
Target Nails Bullseye ($TGT)June 26, 2014
Buying Cheniere Energy ($LNG)June 4, 2014
Apple Wants Beats Audio ($AAPL)May 28, 2014
Buying Calls On 3-D Systems ($DDD)May 27, 2014Really Liking Facebook Shares ($FB)May 25, 2014
