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 highs and will add on weakness (so 15-30% downside for us since we are in the S&P 500 triple leveraged etf.) With $40,000 invested in the S&P 500 triple (out of a $48,000 portfolio), that translates to $30,000 as the maximum bottom of our account. We are hedged with SPY put options and have ample cash on the sidelines so, a 10% correction doesn’t scare me.
-
Inside Access
Inside Access To My Portfolio
$99.99 per Year
-
Trading Ideas
Daily Stock Picks & More
$19.99 per Month
-
Trading Coach
Become A Battle-Hardened Investor
$199.99 per Session
Log In
Register For This Site
A password will be e-mailed to you.
Trading Ideas (Premium Members)
Market Overview
Portfolio Archives: Premium Members
Past Featured Picks
- Portfolio Reaches $400,000 Despite Worst Bear Market in DecadesAugust 1, 2022
- Portfolio 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 ($DDD)May 27, 2014
- Really Liking Facebook Shares ($FB)May 25, 2014
Economy Overview
Stock Solutions
Income Generator