Weekly Update Ended April 22, 2017-Up 37% YTD
We crept up a little last week and finished up 37% YTD after a whole of churn and burn without really going anywhere.
Again as I have stated to you, the comeback will be fast and furious, please however, make sure you keep your positions in size with your overall accounts.
Last week we had continued noise on the war front (three arenas-NK, Afghanistan and Syria) and to throw fat to the fire, we had additional noise about the election sin France which were going to be a run-off as I kept saying late last week. That is what its going to be after all is said and done. Macron and Le Pen onis the next date.
Please keep in mind the kindly uncles and the bears will now be talking about armageddon on, throwing in worries about Italy being worse than France and God knows what else. Just be careful you don't get sucked in by the noise however always keep a ear open to what they say.
After all, information is information, matters not whether its positive or negative.
I am slowly executing on my plan tor educe the cash holdings in the account that I have carried since the account was founded last February and I continue to expect putting that cash to use when I find an opportunity, be it short-term or long.
This week we have the following Fed Heads on tap--
Confirmed Fed Speeches:
- Monday 4/24
- Neel Kashkari ( )
Patrick Harker ()
On the ER front we are smack-dab in the middle of reporting season"
- Mon 4/17
- Open: Philips (PHG), Kimberly-Clark (KMB), Halliburton (HAL), Hasbro (HAS), NuStar Energy (NS),
- Close: Express Scripts (ESRX), Whirlpool (WHR), Alcoa (AA), Ameriprise Financial (AMP), Barrick Gold (ABX),
- Tues 4/18
- Open: Ericsson (ERIC), Valero Energy (VLO), Novartis (NVS), Centene (CNC), Lockheed Martin (LMT), Caterpillar (CAT), Coca-Cola (KO), DuPont (DD), 3M (MMM), McDonalds (MCD), Eli Lilly (LLY), Freeport-McMoRan (FCX), Biogen (BIIB), Xerox (XRX), Corning (GLW), Baker Hughes (BHI), JetBlue Airways (JBLU), Nielsen (NLSN), AK Steel (AKS),
- Close: AT&T (T), Capital One (COF), Chubb (COF), Texas Instruments (TXN), U.S. Steel (X), Universal Health (UHS), Juniper Networks (JNPR), Chipotle Mexican Grill (CMG), Edwards Lifesciences (EW), Panera Bread (PNRA), Logitech Intl SA (LOGI),
- Wed 4/19
- Open: Fiat Chrysler (FCAU), Boeing (BA), Anthem (ANTM), Proctor & Gamble (PG), United Tech (UTX), PepsiCo (PEP), General Dynamics (GD), Northrup Grumman (NOC), Waste Management (WM), Norfolk Southern (NSC), Alaska Air (ALK), Twitter (TWTR), Six Flags (SIX)
- Close: Amgen (AMGN), PayPal (PYPL), Tractor Supply (TSCO), Equinix (EQIX),
- Thurs 4/20
- Open: AU Optronics (AUO), Ford Motor (F), Comcast (CMCSA), UPS (UPS), Dow Chemical (DOW), American Airlines (AAL), Raytheon (RTN), Southwest (LUV), Bristol-Myers (BMY), Celgene (CELG), Sirius XM Radio (SIRI), Under Armour (UAA), Dominos Pizza (DPZ), GrubHub (GRUB),
- Close: Banco Santander (BSAC), Amazon (AMZN), Alphabet (GOOGL), Microsoft (MSFT), Intel (INTC), Starbucks (SBUX), Western Digital (WDC), Fortive (FTV)
- Fri 4/21
- Open: Honda Motor (HMC), Exxon Mobil (XOM), General Motors (GM), Chevron (CVX), Sanofi (SNY), UBS AG (UBS), Colgate-Palmolive (CL), V.F. Corp (VFC), Spirit Airlines (SAVE), IDEXX Labs (IDXX)
A continued reminder for all of us.
Please keep your positions in size with your account size (value). Mot 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 any one 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.
For your reading pleasure:
Until next week, I hope each and every trade/investment is a profitable one for you.