Weekly Update Ended March 16, 2018

We are off to a rough start to the week and that is not a surprise given the massive noise we have had to deal with the last week and change. Take a look at the following:

Last Tuesday, the POTUS puts out an Executive order barring Broadcom from taking over Qualcomm. (Not a market-friendly event)

Also on Tuesday, the French finance minister Bruno Le Maire said member states should form a united response and could even retaliate alongside nations from outside Europe on the Trump steel tariffs.

Last Wednesday Rex Tillerson was fired by our President. Another one bites the dust!

Thursday brought us news that Larry Kudlow was set to replace Gary Cohn (also fired)-a positive based on the fact that Larry is a bigly proponent of free markets although how that will tie in with Trump's protectionist agenda to appease his blue-collar voters, is beyond me. However, here is what the President had to say on that,  "We don't agree on everything, but in this case, I think that's good.  I want to have different opinions. We agree on most. He now has come around to believing in tariffs as a negotiating point."

So, we shall see how long this new honeymoon lasts, no?

On Fridaythe US accused the Russian government of a campaign of cyber attacks stretching back at least two years that targeted critical infrastructure, including energy, nuclear, water, and commercial facilities. The Trump administration also hit targeted Russians with sanctions for alleged election meddling, prompting a swift threat of retaliation from Moscow, which said a response was being prepared ahead of presidential elections on Sunday (Putin won handily).

Most importantly, we also have the FOMC looming large this week with the noise reaching crescendo levels about a hawkish Fed that will hike rates a zillion times between now and the end of time. LOL. 

The action thus far (3/19/18 at 11:15 est) is decidedly negative and that may not be a bad thing given that it will yet again flush the weak hands out. I am hoping for a LOD close this afternoon as it will set a cautionary tone into the FOMC event Wednesday afternoon. We shall see. 

Moving on to your favorite section (I hope):

As of March 17, 2018, the jaysomaney.com options account is up $464,839 or 177% compared to up 166% the week before and the options account has a net liquidation value of $735,228 compared to $706,630 the prior week with current cash of $587,203.

As of March 17th, 2018, the jaysomaney.com equity account is flat and the account has a net liquidation of $500,000, all of it in cash.

As of March 17th, 2018, the jaysomaney.com mini account is up $3,266 or 45% and the account has a net liquidation value of $10,586 with $8,182 in cash (flat with the prior week).

The combined liquidation value of the three jaysomaney.com accounts as of March 10, 2018, currently stands at $1,245,874 up 61.19% overall for 2018.

$1,095,385 is the net cash position of all three accounts combined.

Our cash position is up around $140k from a week ago.

Last week:

The S&P was lower by 1.2%

The Nazz was down 1.0%.

The Dow declined by 1.5%.

FAANG:

FB was down 0.08% (7-week loss of 3.3%)

AAPL was lower by  1.1%  (7-week gain of 4.3%)

Bezos (AMZN) was down 0.5% (7-week gain of 12.0%)

Flixsta (NFLX) got hit for 4.0% (7-week gain of 15.7%) 

GOOGL was down 2.3% (7-week loss of 3.8%) 

BATS:

BIDU was higher by 0.04% (7-week gain of 2.6%)

BABA up 5.1% (7-week loss of 3.2%)

TCEHY higher by 1.9% (7-week loss of 2.4%)

SINA was down 4.2% (7-week loss of 3.2%).

Not a bad week for the jaysomaney.com options account, in comparison, with cash levels now almost 95%. Hmmmm!!

Notable ERs this week include Oracle (NYSE:ORCL) on March 19; FedEx (NYSE:FDX) and Lennar (NYSE:LEN) on March 20; General Mills (NYSE:GIS), PVH (NYSE:PVH), Five Below (NASDAQ:FIVE) and JA Solar (NASDAQ:JASO) on March 21; Nike (NYSE:NKE) [with a potentially compelling conference call], Micron (NASDAQ:MU), Darden Restaurants (NYSE:DRI) and Accenture (NYSE:ACN) on March 22; Finish Line (NASDAQ:FINL) on March 23.

Commerce Secretary Wilbur Ross is due to testify on trade and tariffs before the House Ways and Means Committee on March 22

In the FAANG group, FB and GOOGL continue to severely underperform while the others are plodding along. BATS names are all down from the January highs with the except of BIDU which is sporting a gain.

Of course, after the drubbing (thus far) today, the returns will be drastically lower. However, the week is just getting started, so there is time to finish the week on a better not depending on what comes out of the FOMC meeting of "wise" men and women.

My motto has always been, "Never trust the Fed." Let's see if it holds true this week as well.

Today is all about the Fed, the trade, and tariff shouting, EU coming after our tech firms, the turnover in the Big House (the White one-lol) and the "end of the world" issue at Facebook. 

As of this writing, the Dow is down 327, the Nazz is lower by 162 and the S&P os off 41 points. 

Stay calm, this too shall pass as it always does. 

The usual part follows:

THERE IS NO BETTER HEDGE THAN CASH. 

THIS NEXT SECTION IS FOR THOSE OF YOU WHO WISH TO HEDGE YOUR PORTFOLIO-- I HAD STOPPED INCLUDING THIS SECTION HOWEVER BASED ON WHAT I HAVE READ AND HEARD FROM MY INVESTORS/SUBSCRIBERS/IMAs, I WILL MORE THAN LIKELY ALSO LEAVE THIS SECTION IN GOING FORWARD.

Use the same hedges as last week as these hedges should provide you the most bang for your money all things being equal. Buy any one or buy them all depending on the size of your account and the extent you wish to hedge your account(s).

Go Long SQQQ or buy SQQQ Calls (SQQQ is proshares ultrashort QQQ-leveraged 3x)proshares ultrashort QQQ-leveraged 3x)

Buy QQQ Puts

Buy Puts on any of the FANG names (most volatile) or short the names individually if you prefer

Go long SDS or buy SDS Calls (SDS are the proshares ultrashort S&P500--leveraged 3xproshares ultrashort S&P500--leveraged 3x

Use VIX and VIX related ETF/ETNs (extremely risky as we all saw last week)

PLEASE NOTE THESE HEDGES ARE JUST MY SUGGESTIONS. AS SUBSCRIBERS VERY WELL KNOW, FOR ME, CASH IS (and has always been) THE BEST HEDGE. IF NOT CASH, IT'S EQUITY SINCE THAT CAN BE CONVERTED TO CASH IN SECONDS.

Remember, it is you who hits the buy button or sell button each and every trade and there are no exceptions there at all. 

Also, I am bringing back the following section as well after what we all went through in all of February as a reminder:

Please keep your positions in size with your account size (value). Most importantly please remember that I am running a marathon here and not a sprint. I am in no hurry whatsoever for any position and thus will not enter a position unless I feel the risk/reward is stacked in my favor. Yes, I will occasionally have positions work against me despite the risk/reward prior to the trade but if I was batting a thousand, none of us would be in our little room. We would all be on our own private islands. Even more important for all of us to remember that trades and opportunities will come no matter what the markets are doing. 

Please, please don't roll the dice and don't bet on anyone single position without keeping the size relative to your overall account. I promise you even 1 or 2 call options at a time add up to spectacular returns over time. 

There is nothing worse than seeing someone (new or experienced) blow up his/her own account by going "all in", long or short.  Please avoid those sort of "investments"

As my dad used to tell me all the time, "Rome wasn't built in a day".

Remember together we will all get there, wherever that may be for each of us individually.

Not a sprint but a marathon. (This is the most important takeaway for all of us) Will always hold true as far as I am concerned no matter what anyone else thinks on the outside. 

Until next week, may the trading Goddesses and Gods smile on all our trades, investments and dice rolls.

Be safe
Jay

Weekly Update Ended March 03, 2018

I hope you had a restful weekend with your loved ones, family, and friends. 

ER season is pretty much in the books although there will be no rest for the weary/wicked, pick your poison. 

I have been talking about two sectors in Yuge need of consolidation

a) Opto-comps

b) Chippies

Well, this morning we have the news that LITE is going to acquire OCLR for $9.99 per share. Both stocks should fly as LITE gets some top-notch technology from OCLR and OCLR gets an immediate pop. This should light a fire in the sector and get the ball rolliing for other M&A in the space, hopefully.

Last week was yet again a volatile one filled with noisy shouting, chest beating and wailing by the ASNAL crowd about how the trade and tariffs means the end of the world and how the jobs number (past Friday) would come in so hot, that the solar system would catch fire. Well, as these things usually turn out, neither happened.

The trade and tariff issue was rough for a while but not completely put to rest yet with POTUS and EC threatening each other with counters to the tariffs and Trump countering with counters to the EC counters. (Follow?)

ON the NFP data, wage inflation DECLINED. LOL. ASNAL and Wall Street rumor-mongerers (is this a word? just made it one. lol) quiet for the day and boasting about their long positions now. Not only does ASNAL never lose money on their short positions despite the markets more than tripling in the last10 years but they also come up with mysterious long positions when the markets are up. Magical positions, indeed. 

Moving on to your favorite section (I hope):

As of March 10, 2018, the jaysomaney.com options account is up $441,004 or 166% compared to up 132% the week before and the options account has a net liquidation value of $706,630 compared to $585,390 the prior week with current cash of $454,663.

As of February 24th, 2018, the jaysomaney.com equity account is flat and the account has a net liquidation of $500,000, all of it in cash.

As of February 24th, 2018, the jaysomaney.com mini account is up $3,992 or 55% and the account has a net liquidation value of $11,312 with $8,182 in cash (up significantly from the prior week).

The combined liquidation value of the three jaysomaney.com accounts as of March 10, 2018, currently stands at $1,217,942 up 57.57% overall for 2018.

$954,663 is the net cash position of all three accounts combined.

Our cash position is up around $40k from a week ago.

Last week:

The S&P was higher by 3.6%

The Nazz was up 4.2%.

The Dow was up 3.3%.

FAANG:

FB was up 4.9% (six-week loss of 2.5%)

AAPL was up 2.1%  (six-week gain of 5.4%)

Bezos (AMZN) was up 5.2% (six-week gain of 12.5%)

Flixsta (NFLX) got jiggy for 10.1% (six-week gain of 19.7%) 

GOOGL was up 7.1% (six-week loss of 1.5%) 

BATS:

BIDU was higher by 5.2% (six-week gain of 3.0%)

BABA up 6.1% (six-week loss of 8.3%)

TCEHY higher by 3.6% (six-week loss of 4.3%)

SINA was up 3.8% (six-week gain of 1.0%).

Not a bad week for the jaysomaney.com options account with cash levels still almost 90%. Hmmmm!!

So as we can see from the above quick and dirty on FAANG/BATS, FB and Google are still dragging while Bezos, Flixsta and surprisingly, fruity are all up from six weeks ago. On the BATS side, BABA and Tencent continue to be serious laggards while BIDU and SINA are now peeking green albeit mildly so. I am convinced that there is a derivative play on the Chinese names with maybe a long FXI/short BABA and/or TCEHY going on. It will blow up soon and I expect the China names to rally like scalded apes once that happens.

Wall Street is still getting Ma and Pa to churn their account albeit by now focusing on trade wars causing the end of the world versus rate hikes armageddon for the month of February.    

So what happens this week?

In my opinion, this week we will continue to hear from the ASNAL gang about how dire things are and how the FOMC will be raising rates every day and how we need to sell everything and then head for the hills and how well-meaning and kindly they (the ASNAL gang) are for giving us this "advice." They will refer to edicts from below the ocean and from the heavens above and talk about sources as high as President Trump himself as the basis for their negativity and well-intentioned "advice" however hopefully we know better than to buy the shite they have been peddling.  

Keep in mind the FOMC meets next week so the shouting and chest beating and wailing will get louder as the week gets going.

In addition to the rate hike armageddon, the ASNAL/WS obfuscating/fear-mongering gang will also now focus on every single data point to convince Ma and Pa whether their argument makes sense or does not.

The usual part follows:

THERE IS NO BETTER HEDGE THAN CASH. 

THIS NEXT SECTION IS FOR THOSE OF YOU WHO WISH TO HEDGE YOUR PORTFOLIO-- I HAD STOPPED INCLUDING THIS SECTION HOWEVER BASED ON WHAT I HAVE READ AND HEARD FROM MY INVESTORS/SUBSCRIBERS/IMAs, I WILL MORE THAN LIKELY ALSO LEAVE THIS SECTION IN GOING FORWARD.

Use the same hedges as last week as these hedges should provide you the most bang for your money all things being equal. Buy any one or buy them all depending on the size of your account and the extent you wish to hedge your account(s).

Go Long SQQQ or buy SQQQ Calls (SQQQ is proshares ultrashort QQQ-leveraged 3x)proshares ultrashort QQQ-leveraged 3x)

Buy QQQ Puts

Buy Puts on any of the FANG names (most volatile) or short the names individually if you prefer

Go long SDS or buy SDS Calls (SDS are the proshares ultrashort S&P500--leveraged 3xproshares ultrashort S&P500--leveraged 3x

Use VIX and VIX related ETF/ETNs (extremely risky as we all saw last week)

PLEASE NOTE THESE HEDGES ARE JUST MY SUGGESTIONS. AS SUBSCRIBERS VERY WELL KNOW, FOR ME, CASH IS (and has always been) THE BEST HEDGE. IF NOT CASH, IT'S EQUITY SINCE THAT CAN BE CONVERTED TO CASH IN SECONDS.

Remember, it is you who hits the buy button or sell button each and every trade and there are no exceptions there at all. 

Also, I am bringing back the following section as well after what we all went through in all of February as a reminder:

Please keep your positions in size with your account size (value). Most importantly please remember that I am running a marathon here and not a sprint. I am in no hurry whatsoever for any position and thus will not enter a position unless I feel the risk/reward is stacked in my favor. Yes, I will occasionally have positions work against me despite the risk/reward prior to the trade but if I was batting a thousand, none of us would be in our little room. We would all be on our own private islands. Even more important for all of us to remember that trades and opportunities will come no matter what the markets are doing. 

Please, please don't roll the dice and don't bet on anyone single position without keeping the size relative to your overall account. I promise you even 1 or 2 call options at a time add up to spectacular returns over time. 

There is nothing worse than seeing someone (new or experienced) blow up his/her own account by going "all in", long or short.  Please avoid those sort of "investments"

As my dad used to tell me all the time, "Rome wasn't built in a day".

Remember together we will all get there, wherever that may be for each of us individually.

Not a sprint but a marathon. (This is the most important takeaway for all of us) Will always hold true as far as I am concerned no matter what anyone else thinks on the outside. 

Until next week, may the trading Goddesses and Gods smile on all our trades, investments and dice rolls.

Be safe
Jay

Weekly Update Ended March 2, 2018-Account at ATHs

I hope you had a restful weekend with your loved ones, family, and friends. We are at the tag ends of ER season, however, this week could still bring plenty of action with so many developments on our plates.

This past week was yet again a very volatile one with interest rate fears being replaced going into the weekend by the Trump Tariff Threats on steel, aluminum, and possibly European auto imports if the EC retaliates against the steel and aluminum tariffs.

Overnight, the Chinese government announced that they were targeting 6.5% GDP growth for 2018 which is exactly what they had targeted for 2017. The fact that GDP growth actually was 6.9% for 2017 was no surprise, however, the ASNAL (always short never a loss) gang will beat their chests and wail loudly about China slowing down as a result. ASNAL is best ignored! I would prefer a conservative target rate and then a nice beat any day and twice on Sundays. More importantly, 6.5% growth for an economy the size of China's is nothing to scoff at. Just something else for the ASNAL lot to consider is the fact that the economists were expecting a 6.5% number going into today's official release by the Chinese government. 

As far as the shouting about trade wars by the ASNAL gang, China "does not want a trade war with the United States" but will "not sit idly by and watch China's interests being harmed," a senior Chinese official told reporters in Beijing on Sunday.

Zhang Yesui, a vice minister of foreign affairs, reiterated the Chinese government's view that "the common interests of both sides are far greater than their differences."

Moving on to your favorite section (I hope):

As of March 2, 2018, the jaysomaney.com options account is up $351,047 or 132% compared to up 120% the week before and the options account has a net liquidation value of $616,673 compared to $585,390 the prior week with current cash of $415,773.

As of February 24th, 2018, the jaysomaney.com equity account is flat and the account has a net liquidation of $500,000, all of it in cash.

As of February 24th, 2018, the jaysomaney.com mini account is up $2,652 or 36% and the account has a net liquidation value of $9,972 with $3,822 in cash (unchanged from the prior week).

The combined liquidation value of the three jaysomaney.com accounts as of Feb 24th, 2018 currently stands at $1,126,645 up 45.76% overall for 2018.

$919,595 is the net cash position of all three accounts combined.

Our cash position is up slightly from a week ago.

Last week:

The S&P was lower by 2%

The Nazz was down 1.1%.

The Dow was off 3%.

FAANG:

FB was down 3.6% (five-week loss of 7.4%)

AAPL was up 0.04%  (five-week gain of 3.3%)

Bezos (AMZN) was absolutely flat (five-week gain of 7.3%)

Flixsta (NFLX) got jiggy for 5.2% (five-week gain of 9.6%) 

GOOGL was down 3.9% (five-week loss of 8.6%) 

BATS:

BIDU was flat (five-week loss of 2.1%)

BABA up 6.9% (five-week loss of 14.4%)

TCEHY lower by 4.5% (five-week loss of 7.9%)

SINA was down 3.6% (five-week loss of 2.8%).

For February 2018, the S&P dropped 3.7% while the Nasdaq was down 1.9% while the jaysomaney options account gained roughly 28% for the month of February while being almost 90% or so in cash almost all month. Hmmmm!!

So as we can see from the above quick and dirty on FAANG/BATS, FB and Google are still dragging while Bezos, Flixsta and surprisingly, fruity are all up from five weeks ago. On the BATS side, BABA and Tencent are serious laggards while BIDU and SINA are both down but not down as much as our indices and not close to even being down as the two biggest Chinese gains-Alibabab and Tencent.

Wall Street is still getting Ma and Pa to churn their account albeit by now focusing on trade wars causing the end of the world versus rate hikes armageddon for the month of February.    

So what happens this week?

In my opinion, this week we will continue to hear from the ASNAL gang about how dire things are and how the FOMC will be raising rates every day and how we need to sell everything and then head for the hills and how well-meaning and kindly they (the ASNAL gang) are for giving us this "advice." They will refer to edicts from below the ocean and from the heavens above and talk about sources as high as President Trump himself as the basis for their negativity and well-intentioned "advice" however hopefully we know better than to buy the shite they have been peddling.  

In addition to the rate hike armageddon, the ASNAL gang will also now focus on the China GDP number (fantastic number) as being a negative and will be shouting out about trade wars to boot as well.

Finally, this week will yet again bring back the wage growth issue on Friday when we get the monthly NFP numbers for February.

Again, like I said last week, it's not up, up and away either. Our markets will be at the mercy of pretty much every word uttered by the Fed heads, the loud shouting, wailing and beating of the chests by the ASNAL gang about trade wars, rate Armageddon and, China GDP and whatever lies, exagerrations and half-truths they can spread among those foolish enough to listen to their drivel, edicts from prophets, soothsayers and fortune-tellers totally notwithstanding.

The usual part follows:

THERE IS NO BETTER HEDGE THAN CASH. 

THIS NEXT SECTION IS FOR THOSE OF YOU WHO WISH TO HEDGE YOUR PORTFOLIO-- I HAD STOPPED INCLUDING THIS SECTION HOWEVER BASED ON WHAT I HAVE READ AND HEARD FROM MY INVESTORS/SUBSCRIBERS/IMAs, I WILL MORE THAN LIKELY ALSO LEAVE THIS SECTION IN GOING FORWARD.

Use the same hedges as last week as these hedges should provide you the most bang for your money all things being equal. Buy any one or buy them all depending on the size of your account and the extent you wish to hedge your account(s).

Go Long SQQQ or buy SQQQ Calls (SQQQ is proshares ultrashort QQQ-leveraged 3x)proshares ultrashort QQQ-leveraged 3x)

Buy QQQ Puts

Buy Puts on any of the FANG names (most volatile) or short the names individually if you prefer

Go long SDS or buy SDS Calls (SDS are the proshares ultrashort S&P500--leveraged 3xproshares ultrashort S&P500--leveraged 3x

Use VIX and VIX related ETF/ETNs (extremely risky as we all saw last week)

PLEASE NOTE THESE HEDGES ARE JUST MY SUGGESTIONS. AS SUBSCRIBERS VERY WELL KNOW, FOR ME, CASH IS (and has always been) THE BEST HEDGE. IF NOT CASH, IT'S EQUITY SINCE THAT CAN BE CONVERTED TO CASH IN SECONDS.

Remember, it is you who hits the buy button or sell button each and every trade and there are no exceptions there at all. 

Also, I am bringing back the following section as well after what we all went through in all of February as a reminder:

Please keep your positions in size with your account size (value). Most importantly please remember that I am running a marathon here and not a sprint. I am in no hurry whatsoever for any position and thus will not enter a position unless I feel the risk/reward is stacked in my favor. Yes, I will occasionally have positions work against me despite the risk/reward prior to the trade but if I was batting a thousand, none of us would be in our little room. We would all be on our own private islands. Even more important for all of us to remember that trades and opportunities will come no matter what the markets are doing. 

Please, please don't roll the dice and don't bet on anyone single position without keeping the size relative to your overall account. I promise you even 1 or 2 call options at a time add up to spectacular returns over time. 

There is nothing worse than seeing someone (new or experienced) blow up his/her own account by going "all in", long or short.  Please avoid those sort of "investments"

As my dad used to tell me all the time, "Rome wasn't built in a day".

Remember together we will all get there, wherever that may be for each of us individually.

Not a sprint but a marathon. (This is the most important takeaway for all of us) Will always hold true as far as I am concerned no matter what anyone else thinks on the outside. 

Until next week, may the trading Goddesses and Gods smile on all our trades, investments and dice rolls.

Be safe
Jay

Weekly Update Ended Feb 24, 2018

I hope you had a restful weekend with your friends and family. 

We now have the tag ends of ER season to contend with although the season is not completely over with as yet with a few names in our holdings still to report their December quarters this week and over the next couple.

This past Friday, it seemed like the "zillion rate hikes in 2018" and "end of the world" mantra by Wall Street and the always-short-never-a-loss (ASNAL) gang was finally broken and our indices enjoyed a stellar rebound from the lies, obfuscation, scare tactics and wild exaggeration from the same cabal. Although, don't think for a nano-minute that it's clear sailing from this point on despite almost every Fedhead saying that they intend to take a "3 hikes in 2018" approach till data shows otherwise.

Wall Street and the always-short-never-a-loss (ASNAL) gang will never stop trying to get Ma and Pa to churn and burn their accounts and the ASNAL gang most often than not relies mostly on scare tactics, disasters, lies and wild exaggeration to make money. 

I have been saying now for years that making money in these markets gets harder as we move along, as the machines with their mindless trading and the bots with their one-sided leanings (up or down) depending on the news, will make things even more difficult for the rest of us. That's a fact each and every one of us that make a living trying to find legitimate opportunities (polar opposite of ASNAL gang) within the markets will have to contend with daily if not intra-daily.

Last week, I had a fugly blow up in OLED, however, two things there--a) we still have some time to salvage the trade and b) it wasn't an ER play for me thus the further expiration. That brings me no comfort whatsoever because it was a bad trade.

Flip side, I was spot on about the FOMC Minutes. Here is what I wrote last week:

"Until proven wrong by the FOMC Minutes tomorrow, I am sticking to my theory that the last three weeks (two weeks of a massive sell-off followed by a rapid bounce last week) have been yet another "Manufactured on Wall Street" event."

The minutes confirmed my thesis and so did the Fed officials that were up and about last week. 

Matters diddly going forward though. LOL

As of February 24th, 2018, the jaysomaney.com options account is up $319,764 or 120% compared to up 122% the week before and the options account has a net liquidation value of $585,390 compared to $589,585 the prior week with current cash of $404,399.

As of February 24th, 2018, the jaysomaney.com equity account is flat and the account has a net liquidation of $500,000, all of it in cash.

As of February 24th, 2018, the jaysomaney.com mini account is up $1,124 or 15% and the account has a net liquidation value of $8,444 with $3,822 in cash (unchanged from the prior week).

The combined liquidation value of the three jaysomaney.com accounts as of Feb 24th, 2018 currently stands at $1,093,384 up 41.51% overall for 2018.

$908,221 is the net cash position of all three accounts combined.

Our cash position is down slightly from a week ago as I was able to add a couple of positions however if last week was the Big One and it is indeed up, up and away, I will need to deploy some of that cash quickly. 

Last week:

The S&P was up sightly.

The Nazz was up 1.4%.

The Dow was mostly flat-up 0.03%.

FAANG:

FB was up 3.3% (four-week loss of 3.8%)

AAPL was up 1.8%  (four-week gain of 2.9%)

Bezos (AMZN) was higher by 3.5% (four-week gain of 7.3%)

Flixsta (NFLX) got jiggy for 2.7% (four-week gain of 4.6%) 

GOOGL up 3.0% (four-week loss of 4.7%) 

BATS:

BIDU up 2.5% (four-week loss of 2.1%)

BABA up 5.2% (four-week loss of 7.5%)

TCEHY higher by 0.01% (four-week loss of 3.4%)

SINA added 6% (four-week gain of 0.8%).

So as we can see from the above quick and dirty on FAANG/BATS, FB and Google are still dragging while  Bezos, Flixsta and surprisingly, fruity are all up from four weeks ago. On the BATS side, despite the gains of last week, Jack and Beedoo are serious laggards while the other two saw decent gains last week, however, all three of the four remain down for the last four week period, while SINA is up less than 1% in that time-frame.

So, Wall Street has achieved its mandate of a getting Ma and Pa to churn and probably burn their accounts, while also replenishing inventory for the big money-center trading desks. Most importantly, the massive drain in time value for those holding options is just absolutely mind-boggling.

Mind-boggling and massively dishonest battle-field we make a living in and to top it off, the competition is also dishonest beyond belief.

Still, it's the battlefield we have chosen to engage in, whether we like the rules of engagement or not.    

So what happens this week?

In my opinion, this week we will continue to hear from the ASNAL gang about how dire things are and how the FOMC will be raising rates every day and how we need to sell everything and then head for the hills and how well-meaning and kindly they (the ASNAL gang) are for giving us this "advice." They will refer to edicts from below the ocean and from the heavens above and talk about sources as high as President Trump himself as the basis for their negativity and well-intentioned "advice" however hopefully we know better than to buy the shite they have been peddling.  

Again, like I said last week, it's not up, up and away either. Our markets will be at the mercy of pretty much every word uttered by the Fed heads and we also have Jay Powell's Humphrey-Hawkins testimony to deal with this week. It matters not that 99.99% of our Congress will have no clue about what Chairman Powell is talking about, but sway the markets his testimony shall.

The usual part follows:

THERE IS NO BETTER HEDGE THAN CASH. 

THIS NEXT SECTION IS FOR THOSE OF YOU WHO WISH TO HEDGE YOUR PORTFOLIO-- I HAD STOPPED INCLUDING THIS SECTION HOWEVER BASED ON WHAT I HAVE READ AND HEARD FROM MY INVESTORS/SUBSCRIBERS/IMAs, I WILL MORE THAN LIKELY ALSO LEAVE THIS SECTION IN GOING FORWARD.

Use the same hedges as last week as these hedges should provide you the most bang for your money all things being equal. Buy any one or buy them all depending on the size of your account and the extent you wish to hedge your account(s).

Go Long SQQQ or buy SQQQ Calls (SQQQ is proshares ultrashort QQQ-leveraged 3x)proshares ultrashort QQQ-leveraged 3x)

Buy QQQ Puts

Buy Puts on any of the FANG names (most volatile) or short the names individually if you prefer

Go long SDS or buy SDS Calls (SDS are the proshares ultrashort S&P500--leveraged 3xproshares ultrashort S&P500--leveraged 3x

Use VIX and VIX related ETF/ETNs (extremely risky as we all saw last week)

PLEASE NOTE THESE HEDGES ARE JUST MY SUGGESTIONS. AS SUBSCRIBERS VERY WELL KNOW, FOR ME, CASH IS (and has always been) THE BEST HEDGE. IF NOT CASH, IT'S EQUITY SINCE THAT CAN BE CONVERTED TO CASH IN SECONDS.

Remember, it is you who hits the buy button or sell button each and every trade and there are no exceptions there at all. 

Also, I am bringing back the following section as well after what we all went through last week as a reminder:

Please keep your positions in size with your account size (value). Most importantly please remember that I am running a marathon here and not a sprint. I am in no hurry whatsoever for any position and thus will not enter a position unless I feel the risk/reward is stacked in my favor. Yes, I will occasionally have positions work against me despite the risk/reward prior to the trade but if I was batting a thousand, none of us would be in our little room. We would all be on our own private islands. Even more important for all of us to remember that trades and opportunities will come no matter what the markets are doing. 

Please, please don't roll the dice and don't bet on anyone single position without keeping the size relative to your overall account. I promise you even 1 or 2 call options at a time add up to spectacular returns over time. 

There is nothing worse than seeing someone (new or experienced) blow up his/her own account by going "all in", long or short.  Please avoid those sort of "investments" As my dad used to tell me all the time, "Rome wasn't built in a day".

Remember together we will all get there, wherever that may be for each of us individually.

Not a sprint but a marathon. (This is the most important takeaway for all of us) Will always hold true as far as I am concerned no matter what anyone else thinks on the outside. 

Until next week, may the trading Goddesses and Gods smile on all our trades, investments and dice rolls.

Be safe

Jay

Weekly Update Ended Feb 17, 2018

Good morning.

I hope you enjoyed the long weekend Holiday and are well rested for what's left of ER season this week and next.

Thank you all for your kind thoughts and wishes over the weekend regarding my tests. Couldn't have gone better. No clearance for golf yet but maybe that comes once these next couple of tests are done with over the next week or ten days. My thanks to all of you again.

We return from the long weekend straight into the FOMC minutes which will be released tomorrow afternoon at 2 pm eastern. Wall Street has made it out to be that the FOMC will be raising rates a zillion times in 2018 in order to scare Ma and Pa and the weak hands into churning their accounts willy-nilly albeit with rising bond yields as an accompaniment. However, the minutes tomorrow will put the true picture in front of investors. The FOMC officials have been talking a steady as she goes approach and has been sticking to the 3 hikes in 2018 dot plot mantra thus far.

If the minutes show that the Fed is turning more hawkish expect markets to whoosh down hard globally. 

Until proven wrong by the FOMC Minutes tomorrow, I am sticking to my theory that the last three weeks (two weeks of a massive sell-off followed by a rapid bounce last week) have been yet another "Manufactured on Wall Street" event. 

We shall find out the truth tomorrow afternoon.

As of February 17th, 2018, the jaysomaney.com options account is up $323,959 or 122% and the options account has a net liquidation value of $589,585 with cash of $424,821.

As of February 17th, 2018, the jaysomaney.com equity account is flat and the account has a net liquidation of $500,000, all of it in cash.

As of February 17th, 2018, the jaysomaney.com mini account is up $498 or 7% and the account has a net liquidation value of $7,818 with $3,822 in cash.

The combined liquidation value of the three jaysomaney.com accounts as of Fen 10th, 2018 currently stands at $1,097,403, up 41.98% overall for 2018.

$928,643 is the net cash position of all three accounts combined.

Our cash position is down slightly from a week ago as I was able to add a couple of positions however if last week was the Big One and it is indeed up, up and away, I will need to deploy some of that cash quickly. 

Last week:

The S&P ended higher by 4.3%

The Nazz was up 5.3%.

The Dow was higher by 4.3% as well.

FAANG:

FB was up a tiny fraction (three-week loss of 7.1%)

AAPL was up 10.1%  (three-week gain of 1.1%)

Bezos (AMZN) was higher by 8.1% (three-week gain of 3.8%)

Flixsta (NFLX) got jiggy for 11.6% (three-week gain of 1.9%) 

GOOGL up 4.7% (two-week loss of 7.7%) 

BATS:

BIDU up 13.5% (three-week loss of 4.6%)

BABA up 4% (three-week loss of 12.7%)

TCEHY higher by 11.5% (three-week loss of 3.5%)

SINA added 10.1% (three-week loss of 5.2%).

So as we can see from the above quick and dirty on FAANG/BATS, FB and Google are dragging while  Bezos, Flixsta and surprisingly, fruity are all up from three weeks ago. On the BATS side, despite the gains of last week, Jack is a serious laggard while the other three saw double-digit gains last week, however, all four remain down for the last three week period. 

So what happens this week?

This week will remain focused on the FOMC minutes tomorrow as far as macro picture is concerned. IF the FOMC shows that the Fed has indeed changed to a hawkish tilt, we could see a major whoosh down yet again. 

On the flip side, the fear-greed index is at an extreme high on the fear side registering an 18 which is "extreme fear". A week prior t was at 10 and a month ago it was at 79 which showed extreme greed.

The usual part follows:

THERE IS NO BETTER HEDGE THAN CASH. 

THIS NEXT SECTION IS FOR THOSE OF YOU WHO WISH TO HEDGE YOUR PORTFOLIO-- I HAD STOPPED INCLUDING THIS SECTION HOWEVER BASED ON WHAT I HAVE READ AND HEARD FROM MY INVESTORS/SUBSCRIBERS/IMAs, I WILL MORE THAN LIKELY ALSO LEAVE THIS SECTION IN GOING FORWARD.

Use the same hedges as last week as these hedges should provide you the most bang for your money all things being equal. Buy any one or buy them all depending on the size of your account and the extent you wish to hedge your account(s).

Go Long SQQQ or buy SQQQ Calls (SQQQ is proshares ultrashort QQQ-leveraged 3x)proshares ultrashort QQQ-leveraged 3x)

Buy QQQ Puts

Buy Puts on any of the FANG names (most volatile) or short the names individually if you prefer

Go long SDS or buy SDS Calls (SDS are the proshares ultrashort S&P500--leveraged 3xproshares ultrashort S&P500--leveraged 3x

Use VIX and VIX related ETF/ETNs (extremely risky as we all saw last week)

PLEASE NOTE THESE HEDGES ARE JUST MY SUGGESTIONS. AS SUBSCRIBERS VERY WELL KNOW, FOR ME, CASH IS (and has always been) THE BEST HEDGE. IF NOT CASH, IT'S EQUITY SINCE THAT CAN BE CONVERTED TO CASH IN SECONDS.

Remember, it is you who hits the buy button or sell button each and every trade and there are no exceptions there at all. 

Also, I am bringing back the following section as well after what we all went through last week as a reminder:

Please keep your positions in size with your account size (value). Most importantly please remember that I am running a marathon here and not a sprint. I am in no hurry whatsoever for any position and thus will not enter a position unless I feel the risk/reward is stacked in my favor. Yes, I will occasionally have positions work against me despite the risk/reward prior to the trade but if I was batting a thousand, none of us would be in our little room. We would all be on our own private islands. Even more important for all of us to remember that trades and opportunities will come no matter what the markets are doing. 

Please, please don't roll the dice and don't bet on anyone single position without keeping the size relative to your overall account. I promise you even 1 or 2 call options at a time add up to spectacular returns over time. 

There is nothing worse than seeing someone (new or experienced) blow up his/her own account by going "all in", long or short.  Please avoid those sort of "investments" As my dad used to tell me all the time, "Rome wasn't built in a day".

Remember together we will all get there, wherever that may be for each of us individually.

Not a sprint but a marathon. (This is the most important takeaway for all of us) Will always hold true as far as I am concerned no matter what anyone else thinks on the outside. 

Until next week, may the trading Goddesses and Gods smile on all our trades, investments and dice rolls.

Our futures are indicating a whoosh down open with the e-mins down 19, Dow futures down 170 and Nazz futes lower by 49 although we still have about 3 hours to go before the opening bell. 

Stay safe
Jay