Weekend Portfolio Analysis (December 26, 2015)

Santa Claus delivered good news to the markets this week as the S&P 500 rallied back into positive territory for 2015. However, the SPX remains range bound above support at 1995 and below resistance at 2077-2092. A breach of 1990 would suggest a decline to support at 1937-1963. A break above resistance, and especially over…

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Weekend Portfolio Review (December 19, 2015)

Market Conditions The Federal Reserve raised interest rates 25 basis points this week ending the longest period (84 months) of near-zero rates in modern history. The markets initially reacted positively to the news, but by Thursday, the party was over. The markets declined significantly on Thursday and Friday giving up all of the gains from…

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Managing Energy Trades

The past week has been difficult for my open positions in the energy arena. Crude oil (/CL) has continued to tumble along with natural gas (/NG). As losses have mounted, I have managed the trades to bring in additional premium where possible without taking on excessive amounts of additional risk. At some point when a trade…

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Weekend Portfolio Review (December 12, 2015)

Market Conditions The U.S. stock market indexes came unhinged this week as hopes for a Santa Claus rally faded just as quickly as prices in crude oil declined. Volatility escalated quickly on Friday with the VIX increasing by 63% this week to as high as 25.27 before closing at 24.39. The nervousness in the markets…

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Weekend Portfolio Analysis (December 5, 2015)

Market Conditions Volatility returned to the stock market briefly this past week as the VIX rallied to 19.35 on Thursday. Economic data was released all through the week, but the main drivers of the market activity were… you guessed it… economic stimulus and interest rates. Thursday morning, Mario Draghi announced that the ECB would expand…

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