January 8, 2017
The chart below shows the daily prices for the past three months on the Dow Jones Industrial Average (aka $DJIA, $INDU, $DJI) after the index closed for the week at 19,963.80 on Friday, January 6, 2017.
The Dow has gained almost 9% since the election as animal spirits took over trader sentiment …
January 3, 2017
December was another strong month for me in a year that ended with a loss in my account. The way I traded TLT (without hedges) forced me to take losses when the market temporarily dipped even though my longer-term outlook was correct. The old Keynes adage fits in here (paraphrased) that the market can stay wrong longer than I can stay solvent. It’s moot that I was right in the end. What mattered is that I couldn’t stay long all my …
December 1, 2016
November was an amazing month, but for those of us who were short bonds, it was even better. I finally exited my TLT position in full as the price plummeted. I could’ve made more by hanging on and rolling my puts lower, but decided the easy money was made and I didn’t want the risk in my account right now, mostly for short-term personal reasons over concerns of the risk in staying short.
I ended November with a Net Liquidation Value (NLV) of $90,956.43 and …
Comments Off on End of the Month Summary – November 2016
November 1, 2016
As scary as October can be some years, I had another fantastic month this October. As the S&P 500 declined, my account balance increased. I’m making up for lost ground still, but months like this past one go a long way in helping me get there. The declines in my long shares were more than made up for by the declines in my short shares. Even with a net loss from my options, the net gain from my stocks and …
Comments Off on End of the Month Summary – October 2016
October 9, 2016
The chart below shows the daily prices for the year-to-date on SPY, an ETF that tracks the S&P 500 Index, after closing the week at $215.04, on October 7, 2016.
While the large intraday price swings seen recently make the markets seem out of control, stock indexes have been moving in a tight …
Comments Off on SPY Chart – YTD Through October 7, 2016
October 3, 2016
My account had another good month as I clawed back a little more of my paper losses and edged back above $80,000 again. TLT (no surprise) was the biggest factor in my gains as my short shares fell in price (resulting in a gain for me) and most of my covered puts lost value (resulting in further gains for me). MDY and DIS lost some for me while IWM gained some.
I ended September with a Net Liquidation Value (NLV) of $80,348.45 and a …
Comments Off on End of the Month Summary – September 2016
September 13, 2016
(Sorry for the delay on this post. I wrote it on 9/1, but apparently forgot to hit “Publish”.)
It is a lot more fun to make money than to lose money, but I assume y’all knew that already. I was due for a good month in my account again and August delivered. TLT, IWM, and MDY all gained ground for me, while DIS cost me another $149.00. I had to pay my monthly medicine in the form of dividends and interest for …
Comments Off on End of the Month Summary – August 2016
August 1, 2016
I had another bad month in July. TLT was the main cause of my paper losses with $3,789.73 of lost value during July. DIS lost another $116.00 for me, but my IWM and MDY long positions returned more than $2,400 to help soften the blow. My TLT puts covered my TLT short interest and dividends, plus a few more dollars. TLT is lower at the open today and as I think each time, this could be the start of its …
Comments Off on End of the Month Summary – July 2016
July 9, 2016
Next Page »
The chart below shows the monthly prices for the past 10 years on TLT, an ETF that tracks the US 20-year Treasury Index, after closing the week at $143.60, on July 8, 2016.
Technical indicators are not infallible, but are popular because they provide accurate guidance in most instances, especially when multiple indicators …
Comments Off on TLT Chart – July 8, 2016