Market Strategies
$10,000 Account Traders Comments
We have one open long position:
SNSS Aug 3.00 Calls
Funds in use $ 560
WHAT ARE THE TRANSPORTS SAYING ???
Week 30 was a major disappointment on so many levels. We had a small realized loss of $171 bringing YTD gains back to $5,879. However, due to a failure to get an FDA approval (although it was approved in EU) SNSS, a stock that has performed for us repeatedly opened on Friday
@ $1.09-2.38, making our only open position worthless with no bid. This is what happens from time to time with biotech. I haven't sold the actual stock in the $100,000 account since this mirrors the move in October 2014 with similar new when the stock traded sown to $1.46 -$5.18. A month later it was $2.60 and another month later it was back over $3.00.
We have also scheduled SNSS to be on the radio show in the immediate future.
As I noted here last week, the rally continues to be focused on an ever decreasing group of big dollar stocks. Unfortunately this is one of the many signs that we are at or near a market top. The continued decline of commodities across the board is also extremely troubling. Copper, clearly one of the mainstays of economic growth has declined from almost $3.00 to close this week under $2.40, a decline of over 13% since the end of May.
Alcoa, maker of aluminum products also heavily used in aircraft and automobile production has fallen from $17 in February to close this week @ $9.81 down an astounding 42%. It seems like we have not only no inflation, but may be coming into a deflationary cycle. The public has gotten used to these type of moves, but they are really dramatic. The increase in the size of daily ranges
is not a good thing, whether you are long or short. It spells trouble...and margin calls.
I have repeatedly stressed that cutting jobs and lowering earning expectations so that the bar is set so low as to almost guarantee making numbers is a fools game. We now look at the
Dow transportation average and see the slowing of the economy reflected in its action.
While airlines have reduced costs and made flying into a hellish experience, the railroads and over
the road shippers continue to decline. It is my experience that the public will only take so much increased cost and inconvenience before it throws up its hands and says "no more." Clearly the
non-confirmation of the transports is trying to tell us something, and it's not likely to be good news...
I have added no new trades this weekend since I am not at all sure of direction. The summer is always a low volume time with added volatility and I simply don't wish to make any big mistakes.
...CAM
Market Strategies $10,000 Trading Account Trade Table
DATE | TRADES | PRICE | COST | PROCEEDS | RESULTS |
07/24 | Sold 5 SJM August 110 Calls | 0.40 | 200 | 225 Loss | |
07/22 | Sold 6 LULU August 60 Puts | 0.94 | 564 | 54 Gain | |
07/21 | Bought 6 LULU August 60 Puts | 0.85 | 510 | ||
07/20 | Bought 5 SJM August 110 Calls | 0.85 | 425 | ||
07/17 | Bought 8 SNSS August 3 Calls | 0.70 | 560 |
Remember, these trades are based on your participation in the
TEXTING SERVICE TO RECEIVE ALL UPDATES.
Previous closed out trades not listed here may be seen in previous market letters in the VIP Subscribers Members Area.
Where To Invest Your Money Now
This information is part of the July 27, 2015 Investing Strategies Newsletter Covering:
Where to Invest August 2015
Best Stocks To Buy August 2015
Stock Market Investing Strategies
Stock Options Trade Alerts
Options Trading Strategies
How To Trade Options
The newsletter can be seen at:
www.princetonresearch.com/7-27-2015-Mark...
and
http://www.princetonresearch.com/where-to-invest-august-2015/
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See the video at: youtu.be/NiMAuIcrde0
2015 Year To Date Profits $ 5,879
Over 58% Returns
2014 Profits = $ 20,443
Over 204% Returns
$20,443 Profits for $10,000 Trading Account
By Following all trades in 2014 a
$10,000 account would be worth $30,443
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