Weekend Portfolio Analysis (February 18, 2017)

Market Analysis The major U.S. indices continued setting new all-time highs throughout this past week with the S&P 500 ending the week up 1.5% from last week’s close. Fueling this rally are the expectations of investors for possible changes to the U.S. corporate tax code and the regulatory environment. With 75% of S&P 500 companies…

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Trade Adjustment in /ZW

On January 31, I entered into a short wheat position by selling the /ZW July 540 Call options. This was the second half of a two-commodity strangle (or pairs trade) where I also entered into a long position in soybeans (/ZS). The soybean side of the trade has performed well and is currently showing a…

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Weekend Portfolio Analysis (February 11, 2017)

Market Analysis The Dow Jones Industrial Average, Nasdaq and S&P 500 indexes all closed at record highs on Friday, gaining about 1% for the week.  Much of the rally was propelled by President Trump’s statement on Thursday that there would be an announcement regarding “big league” tax reform within the next few weeks.  Lower taxes,…

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Trade Adjustment – GDXJ

One of the most important lessons that I have learned about trading, albeit the hard way, is that you must follow your trading plan. Many traders know when to exit a profitable trade. Unfortunately, far too many traders do not have a plan for exiting a losing trade. When to exit a trade, whether it…

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Weekend Portfolio Analysis (February 3, 2017)

Market Analysis Despite weakness early in the week, the market managed to regain momentum by Friday.  The Federal Reserve, in a unanimous decision on Wednesday, left interest rates unchanged, offering few clues on its next move in the early days of the Trump administration. The central bank said that the economy “continued to expand at…

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