No buy or sell signals today. The new Blees numbers are posted.
Sep 172010
Sep 162010
No buy or sell signals today.
Sep 152010
RSI Reversal
Sold TYD at 62.84
Bought SOXS at 34.37
Sep 142010
RSI Reversal
members continue
Sep 132010
No buy or sell signals today.
Sep 132010
There’s not much to report, but here goes…
RSI Reversal
The portfolio is about 50% invested in only two positions, both of them leveraged bond ETFs. Bonds aren’t as volatile as equities so our formula calls for larger position sizes. Bonds have been in a steep uptrend and have sold off sharply. We’re just looking for a little bounce.
COT Strategy
The portfolio is 100% invested with stops in place. The newest Blees numbers are posted and cocoa looks like a buy. However, the portfolio already owns cocoa. So there’s nothing to do.
Long Term Timing
It’s the same with the Long Term Timing strategy. It’s 100% invested and we only look at it once a month anyway. There’s nothing to do at least until the end of September.
If you’ve never taken the time to read Mebane Faber’s white paper, A Quantitative Approach to Tactical Asset Allocation, do yourself a huge favor and do so. We’re doing everything except the asset allocation part. We’ve loaded the boat with precious metals and precious metal mining stocks.
Gold/XAU Ratio
The ratio closed on Friday at 6.73. If you’ve read my post, Why You Can Still Make a Lot of Money in Mining Stocks, you already know the drill. If you haven’t read it, you should.
I’m here if you have any questions about anything. (Well, not anything. But you know what I mean.)
Have a prosperous week,
Larry
Sep 102010
RSI Reversal
Bought TMF at 45.55
Bought TYD at 61.26
Both were bought on 5-day RSI buy signals.
Also, the latest Blees numbers have been posted.
Sep 092010
No buy or sell signals today.
Sep 082010
No buy or sell signals today.
Sep 082010
RSI Reversal
No positions currently. The strategy is up 52.88%. The only changes I anticipate making in the foreseeable future is to add new leveraged ETFs as they are introduced.
COT Strategy
The new Blees numbers are posted. The strategy is 100% invested with stops in place. So there is nothing to do right now.
Long Term Timing
The month of August ended with all positions above their long-term moving average. And since the strategy is 100% invested there is nothing to do at least until the end of September. Performance has really been picking up. The portfolio is up 34.64% as of Tuesday’s close.
ATR Trading
This strategy as been inactive for awhile. And I think I’m going to close it out and replace it with something else. I don’t have the specifics worked out yet, but I know it will be an options strategy. It may be something like an options catch all category of whatever I happen to be doing with options at any given time.
In the last Weekly Report I mentioned that I’m experimenting with buying front month out-of-the-money calls on extreme low readings of the 2-day RSI.
Here’s what’s happened since then:
Bought the DAL Sept 10 calls at 0.42. Sold half at 0.98. Sold the other half at 1.17.
Bought the USO Sept 33 calls at 0.53. Sold half at 1.21. Still own the other half.
Bought the EQT Sept 35 calls at 0.65. I still own them.
I also experimented a little with buying puts on extremely high RSI readings.
Bought the LEAP Sept 11 puts at 0.44. Sold half at 0.95. Still own the other half.
I’ve also done some things like selling naked SLV puts and selling HMY bull put spreads. Both of those have also worked out well.
I still have to work out some kinks. So it will take awhile before I actually get something posted on the membership site so that it’s practical for users. But I do want to share with you some of the things I’m doing with options.
Gold/XAU Ratio
After trading above 7, the ratio closed yesterday at 6.70. It’s still way too high and indicates a continuing bull market in precious metal mining stocks. And the Long Term Timing Strategy is well positioned to take advantage of it.
Have a prosperous albeit short week,
Larry