Weekly Update Ended May 20, 2017

Last week we woke up to the news of FBI Comey's firing and then on Tuesday night reports were released in the press that President Trump had asked then-Director Comey to cease investigating former National Security Advisor Michael Flynn. That led to the worst one-day drop for 2017 and also the worst one-day drop since President Trump was declared the President. So with political shocks affecting us the first part of the week, the week ended not too shabbily after all was said and done. I guess rational investors realized that the underlying fundamentals in techland and elsewhere were unchanged.

The President's first trip abroad seems to be off to a fine start with some major several hundred billion dollar deals being signed between Saudia Arabia and US companies thus far.  Of course, on the flip side, we had the North Koreans test fire another missile over this past weekend as well and I am sure the boo-birds/kindly uncles will be out and about regarding that nut-job in NK. Yes, there always is a flip side.

We are now up 133% year-to-date and the jaysomaney.com account has a current liquidation value of $625,000 and change, which is lower than the prior week thanks to the drubbing in the markets this past Wednesday and the fact that a lot of our major positions basically tread water last week. In the options world, treading water is disadvantageous as you all know.  

As I have asked you in our little chat room, please spread the word amongst your family, friends, and colleagues about our site and also please stress to them the fact that on our site every single trade is live, time-stamped and verifiable. Almost every other site out there will never ever put their record for scrutiny like I do and most importantly almost every other site out there seems to specialize in phantom, after-the-fact positions. That is you will have sites that will post that they are selling this position or that position for a huge gain when they never ever talked about getting into that position in the first place. Or you will have the opposite happen if a stock is down and these folks will suddenly post that they have been short the said stock.  As each and every one of you can vouch for every trade on our site, is 100% legit whether it's a good one, great one, bad one or a total loss. 

Some of the changes I made in our portfolio last week are as follows:

I began the week with us cashing in on our BABA 115 calls and rolling them over to a higher strike.

I also added to our position in Micron and NetEase last week. In addition, I closed out a position in Micron that was expiring this past Friday as well.

I also closed out our 80 calls in SINA at the beginning of the week and entered into the 85's ahead of the ER event. I again cashed in on the 85's at the end of the week in SINA and rolled over to a higher strike again. 

Closed out GOOGL ITMs for GOOGL OTMs.

Closed out our AAPL SOTMs to slightly further SOTMs

Entered a new position in AVGO

Closed out our OCLR short PUT position and banked the entire amount.

PS: I am not sure whether I will continue highlighting these weekly moves unless I hear from you all otherwise, since all the subscribers get the trade alerts the moment they happen anyways, buy or sell.

The current week on tap (back to a heavy Fed head schedule):

Confirmed Fed Speeches:

  • Monday 5/22
    • Neel Kashkari (10:00 AM ET & 6:45 PM ET)
    • Patrick Harker (10:00 AM ET)
  • Tuesday 5/23
    • Neel Kashkari (3:15 PM ET)
    • Patrick Harker (5:00 PM ET)
    • Charles Evans (9:10 PM ET
  • Wednesday 5/24
    • Neel Kashkari (6:00 PM ET)
  • Thursday 5/25
    • Robert Kaplan (6:00 PM ET)
    • James Bullard (10:00 PM ET)
  • Sunday 5/28
    • John Williams (8:15 PM ET)

Earnings

  • Mon 5/22
    • Open: Booz Allen (BAH), Cheetah Mobile (CMCM), Ferroglobe PLC (GSM)
    • Close: Agilent (A), Nordson (NDSN), Luxoft Holding (LXFT)
  • Tues 5/23
    • Open: AutoZone (AZO), Toll Brothers (TOL), Cracker Barrel (CBRL), DSW (DSW)
    • Close: Intuit (INTU), Aegean Marine Petrol (ANW), ViaSat (VSAT), HEICO (HEI), Take-Two (TTWO)
  • Wed 5/24
    • Open: Lowes (LOW), Bank of Montreal (BMO), Advance Auto (AAP), Triumph Group (TFI), Tiffany & Co (TIF), Dycom (DY), Chicos FAS (CHS)
    • Close: HP (HPQ), SpartanNash (SPTN), PVH (PVH), NetApp (NTAP), CSRA (CSRA), Williams-Sonoma (WSM),

  • Thurs 5/25
    • Open: Royal Bank of Canada (RY), TD Bank (TD), Best Buy (BBY), Medtronic (MDT), Burlington Stores (BURL), Abercrombie & Fitch (ANF),
    • Close: Costco (COST), GameStop (GME), Ulta Beauty (ULTA), Lions Gate (LGF.A), Marvell (MRVL), Nutanix (NTNX), Brocade (BRCD), Deckers Outdoor (DECK), DXC Technology (DXC ? only CSC results)
  • Fri 5/26
    • Open: Big Lots (BIG)
    • Close:

A continued reminder for all of us. I know most of you must be sick of reading this but I feel compelled to keep this part of the email included just so that we are all reminded to keep our positions sizes from getting too big and then ending up blowing the account up.

 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 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:

https://www.forbes.com/sites/jaysomaney/2017/05/19/dramexchange-data-from-this-morning-sheds-a-spotlight-on-micron-investment-opportunity/#3600cdbe58df

https://www.forbes.com/sites/jaysomaney/2017/05/17/apple-should-soon-see-meaningful-growth-once-assembled-in-india-iphones-ready-for-sale-by-next-week/#33313f7f20f8

https://www.forbes.com/sites/jaysomaney/2017/05/16/will-sina-slip-through-investors-fingers-yet-again/#3e19e20f5a56

https://www.forbes.com/sites/jaysomaney/2017/05/15/comscore-data-and-your-apple-investment/#7061ee391c61

https://www.forbes.com/sites/jaysomaney/2017/05/14/netease-undervaluation-could-be-short-lived/#4e32419d7e09

Weekly Update Ended May 13, 2017

We started off last week with the Emanuel Macon win in France only to hear about the firing of Comey to begin the week. In addition, we had a rebound in oil and a complete taking apart of the retail sector last week.

Despite the geo-political noise last week (expected to continue this week) and with the indices basically flat-lining all week, we had a pretty good week. 

We are now up 151% and the jaysomaney.com account has a current liquidation value of $672,000 and change. I funded the account with $100,000 on February 1, 2016. 

Asian markets were mostly higher overnight and thus far EC markets are flat to slightly lower.

Last week, we continued to significantly benefit with most of our positions moving higher with the exception of NetEase which was a disappointment and continues to be as of now. I might make a move or two there very soon.We shall see.

We are almost at the end of earnings season although by no means are we done. We still have a few companies that will report this week and next and then also have some off-quarter reports to deal with in the next few weeks. 

I expect there will be continued noise this week about the global virus attack, the NK missile launch, continued fallout from Coney's firing, in addition to hand-wringing and sage advice about complacency in the markets.  

A pullback will come but the question remains from what level?

Some of the changes I made last week were as follows:

I closed out our entire NVDA position and at the moment I have no exposure there in the site account. (will change)

I took our costs out and then some in our Applied Optoelectronics position and am riding the rest of the position free of cost at the moment.

I added to our position in Oclaro (2 occasions last week) which continues to be one of the few money-losing positions (overall basis) in the account. (expect that to change soon)

I added to the Apple position on two separate occasions last week.

I added and sold part of our Micron position. (will make a move there this week as well)

Finally, I sold our equity in SINA and added calls instead. (keeping the account about a third in cash)

This week we have a light Fed head schedule with only 1 confirmed speech:

Confirmed Fed Speeches:

  • Friday 5/19
    • James Bullard (9:15 AM ET)

On the ER front we have the following:

Earnings

 

  • Mon 5/15
    • Open: Quorum (QHC), Sapiens Intl (SPNS), Trivago (TRVG)
    • Close: Vipshop (VIPS), Turquiose Hill Resources (TRQ), DXP Enterprises (DXPE), VOXX Intl (VOX), Synchronoss Tech (SNCR), Fortuna Silver Mines (FSM), Amyris (AMRS)
  • Tues 5/16
    • Open: Home Depot (HD), TJX (TJX), Dicks Sporting Goods (DKS), SINA (SINA)
    • Close: Urban Outfitters (URBN), Red Robin Gourmet (RRBG), Jack in the Box (JACK)
  • Wed 5/17
    • Open: Target (TGT), QIWI (QIWI), American Eagle (AEO), Citi Trends (CTRN), Photronics (PLAB), Enzymotec (ENXY)
    • Close: Cisco Systems (CSCO), ZTO Express (ZTO), L Brands (LB), Flowers Foods (FLO), Synopsys (SNPS), Rexnord (RXN), Stein Mart (SMRT)
  • Thurs 5/18
    • Open: Wal-Mart (WMT), Alibaba (BABA), Ralph Lauren (RL), Teekay Shipping (TK), Perry Ellis (PERY)
    • Close: McKesson (MCK), Applied Materials (AMAT), Gap (GPS), Ross Stores (ROST), Salesforce.com (CRM), New York & Co (NWY)
  • Fri 5/19
    • Open: Deere (DE), Foot Locker (FL), Campbell Soup (CPB), Destination XL Group (DXLG)

VIPS tonight, SINA tomorrow AM, THe Kid (CSCO) Wednesday evening, BABA Thursday morning, AMAT & CRM Thursday post closing bell.

A continued reminder for all of us. I know most of you must be sick of reading this but I feel compelled to keep this part of the email included just so that we are all reminded to keep our positions sizes from getting too big and then ending up blowing the account up.

 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 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:

https://www.forbes.com/sites/jaysomaney/2017/05/15/comscore-data-and-your-apple-investment/#1c6197cc1c61

https://www.forbes.com/sites/jaysomaney/2017/05/14/netease-undervaluation-could-be-short-lived/#7e0950e57e09

https://www.forbes.com/sites/jaysomaney/2017/05/14/netease-undervaluation-could-be-short-lived/#7e0950e57e09

Until next week, I hope each and every investment/trade is a profitable one for you

Weekly Update Ended May 6, 2017

We ended this past Friday up 37% YTD which was a climb from the 23% that we were up the prior week. Although I am sure most of you will recognize that there are not many services that can provide these sort of returns, especially when one considers that each and every trade is made live and is time-stamped, I am not very pleased with the returns thus far. We shall see how things move in the next few weeks. 

It looks like the Macron win could possibly be built in at current levels if one were to look at our futures. However, as all of you know, our futures are probably the easiest manipulated instruments globally and have been for the last several years. Asian markets were mostly higher today with the exception of Shanghai which is trading lower on their ExIm data that came in lower than expected. The Hang Seng is up 126 or 0.5%, Shanghai is down 19 or 0.8%, Kospi up 2.2%, while the Nikkei is higher by 2.3% and the Sensex is higher by 0.3%.

Last week was mostly about the FOMC meeting which basically turned out to be a non-event with all 9 voting members united in not raising rates and staying economic data dependent. There was no change to the dot-plot either indicating that two more rate hikes for the rest of 2017 could be reasonable. We also had earnings from tech giants Apple and Facebook last week which went according to my expectations. I didn't participate in FB but the Apple play was textbook. At least, in my book it was. Not sure what you all think. LOL.

Last week we also had the continuing beat-down in oil and rightly so given that after years of getting gouged by the oil cartel, the world is fianlly making a concentraded effort to clean energy in almost every aspect of our lives whether its Tesla and its electric/solar/natural energy powered world or Apple with its natural-powered new headquarters.

We also had the jobs numbers to end the week which also was basicaly another non-even as has been the case for a while as well. 

Now with a lot of the noise-making events behind us for a bit, the kindly uncleas will probably start groaning about Italy this week and also we have a heavy Fed head schedule to reckon with as well. Of course, earnings season is also far from over and we will be hearing from JD.com pretty much before the market opens this morning. We also have a few other portfolio companies also reporting this week, so no rest for the weary as they say.

Confirmed Fed Speeches:


  • Monday 5/8
    • James Bullard (8:35 AM ET)
    • Loretta Mester (8:45 AM ET)
  • Tuesday 5/9
    • Eric Rosengren (1:00 PM ET)
    • Robert Kaplan (4:15 PM ET)
  • Wednesday 5/10
    • Eric Rosengren (12:00 PM ET)
  • Thursday 5/11
    • William Dudley (6:25 AM ET)
  • Friday 5/12
    • Charles Evans (9:00 AM ET)
    • Patrick Harker (12:30 PM ET)
Earnings

  • Mon 5/8
    • Open: JD.com (JD), Syscon (SYY), Tyson Foods (TSN), Newell Brands (NWL), First Data (FDC), Cimarex (XEC), Horizon Pharma (HZNP),
    • Close: Tesoro (TSO), Plains All America (PAA), Marriott (MAR), CST Brands (CST), Builders Firstsource (BLDR), AMC Entertainment (AMC), Intl Flavors (IFF), Manitowoc (MTW), Pandora Media (P),
  • Tues 5/9
    • Open: US Foods (USFD), Duke Energy (DUK), Aecom Tech (ACM), ARAMARK Holdins (ARMK), Allergan (AGN), Office Depot (ODP), Valeant Pharma (VRX), Dean Foods (DF), Discovery (DISCA), Wayfair (W), Party City (PRTY),
    • Close: Walt Disney (DIS), Priceline (PCLN), NVDIA (NVDA), News Corp (NWSA), Electronic Arts (EA), Amdocs (DOX), Fossil (FOSL), TripAdvisor (TRIP),  Yelp (YELP), Hostess Brands (TWNK), Amplify Snack Brands (BETR),
  • Wed 5/10
    • Open: Toyota Motor (TM), Performance Group (PFGC), Mylan (MYL), Coty (COTY), Conduent (CNDT), Norwegian Cruise Line (NCLH), Broadridge Financial (BR), Time (TIME), Wolverine (WWW), Wendys (WEN), Crocs (CROX), Sothebys (BID), SodaStream (SODA), WIX.com (WIX), Mazor Robotics (MZOR)
    • Close: 21st Century Fox (FOXA), Whole Foods (WFM), Netease.com (NTES), China Lodging (HTHT), Symantec (SYMC), Athena Holdings (ATH), Hologic (HOLX), Pegasystems (PEGA), Snap (SNAP), e.l.f. Beauty (ELF),
  • Thurs 5/11
    • Open: Enbridge (ENB), Magna (MGA), Teva Pharma (TEVA), Macys (M), Brookfield Asset Mgmt (BAM), Kohls (KSS),
    • Close: Nordstrom (JWN), CA Tech (CA), Darling Ingredients (DAR), Presidio (PSDO), CyberArk (CYBR), Uni-Pixel (UNXL)
  • Fri 5/12
    • Open: Amaya (AYA), J.C. Penney (JCP), Medley Management (MDLY)
    • Close:

A continued reminder for all of us. I know most of you must be sick of reading this but I feel compelled to keep this part of the email included just so that we are all reminded to keep our positions sizes from getting too big and then ending up blowing the account up.

 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 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:

https://www.forbes.com/sites/jaysomaney/2017/05/04/applied-optoelectronics-at-bat-tonight/#69146ae44096

https://www.forbes.com/sites/jaysomaney/2017/05/03/despite-good-results-given-seasonal-headwinds-the-negativity-and-hand-wringing-on-apple-continues/#f84ef0d6dcaa

https://www.forbes.com/sites/jaysomaney/2017/05/02/positioning-into-apples-earnings-tonight/#5ce569ea2f67

https://www.forbes.com/sites/jaysomaney/2017/05/02/for-apple-its-better-late-than-never/#15b60d7135df

Until next week, I hope each and every tarde/investment is a profitable one for each of you.

Weekly Update Ended April 29, 2017-ST & LT Goals for the site

We finished last week up 23% which was higher than the week before although the conversion from the SINA options into exercise of the underlying had caused an error in our algos which showed an incorrect YTD return last week. However, progress was made albeit nowhere close to my satisfaction.

As stated in the subject, my goal is to get the performance up to at least 50% at the halfway point of the year and then go for another 50% return in the second half as we enter the sweet spot of end of the year trading. Of course, the markets could have a completely different mindset however it was important for me to convey which way I think we are heading. It's pretty much the annual goal we set ever year for ourselves in the more aggressively managed accounts and for the fund. So, not exactly a revelation for our gang.  

Last week we saw continued noise on NK, Syria, but Afghanistan was quiet after the drop of the MOAB. WE did have French election noise continue (May 7 is the election there) and I expect this week will bring a lot more shouting and hand-wringing. In addition, we also have the FOMC meeting to contend with over the next two days.Italy is also on the lips of the kindly uncles and the always-bearish as well.

This week will bring us the following Fed speeches post the FOMC meet-up:

Confirmed Fed Speeches:

 

  • Friday 5/5
    • Stanley Fischer (11:30AM ET)
    • John Williams (12:45PM ET)
    • James Bullard/Charles Evans/Eric Rosengren (1:30 PM ET)
  • Saturday 5/6
    • John Williams (3:30 pm)

    On the ER front we have a plate-load full as well:


    Earnings

    • Mon 5/1
      • Open: Cardinal Health (CAH), Tenneco (TEN), CNA Financial (CNA), CMS Energy (CMS), Loews Corp (L)
      • Close: Tenet Health Care (THC), Community Health (CYH), Murphy USA (MUSA), Advanced Micro (AMD), Rent-A-Center (RCII), Vornado Rlty Trust (VNO)
    • Tues 5/2
      • Open: BP (BP), CVS Health (CVS), Aetna (AET), Archer-Daniels (ADM), Pfizer (PFE), Charter Comm (CHTR), Merck (MRK), Conoco Phillips (COP), NRG Energy (NRG), MasterCard (MA), Martin Marietta (MLM), Wolverine (WWW),
      • CloseApple (AAPL), Allstate (ALL), Gilead Sciences (GILD), Mondelez Intl (MDLZ), Frontier Communications (FTR), First Solar (FSLR), Akamai Tech (AKAM), GoDaddy (GDDY), Weight Watchers (WTW), Match Group (MTCH), FireEye (FEYE), WebMD (WBMD), Etsy (ETSY), American States Water (AWR), Twilio (TWLO), Planet Fitness (PLNT), 
    • Wed 5/3
      • Open: Humana (HUM), Bunge (BG), Sprint (S), Time Warner (TWX), CDW (CDW), Reynolds American (RAI), Spirit Aerosystems (SPR), Clorox (CLX), Yum! Brands (YUM), Magellan Midstream Partners (MMP), New York Times (NYT), Chesapeake Utilities (CPK)
      • Close: Manulife Financial (MFC), MetLife (MET), Prudential (PRU), American Intl (AIG), Facebook (FB), Kraft Heinz (KHC), CenturyLink (CTL), Tesla (TSLA), NXP Semiconductors (NXPI), American Water Works (AWK), Transocean (RIG), InterActiveCorp (IAC), Albemarle (ALB), Qorvo (QRVO), Cheesecake Factory (CAKE), Yamana Gold (AUY), Fitbit (FIT),

    • Thurs 5/4
      • Open: AmerisourceBergen (ABC), Arrow Elec (ARW), Fluor (FLR), PBF Energy (PBF), Dominion (D), Kellogg (K), Viacom (VIAB), Occidental Petroleum (OXY), Leidos (LDOS), Apache (APA), Avon Products (AVP), AMC Networks (AMC), Madison Square Garden (MSG), Dunkin Brands (DNKN), World Wrestling (WWE),
      • Close: Molina Healthcare (MOH), CBS (CBS), Con Edison (EC), Activision Blizzard (ATVI), Herbalife (HLF), Camping World (CWH), Arista Networks (ANAT), Apple Hospitality REIT (APLE), Zillow (ZG), LogMeIn (LOGM), Zynga (ZNGA), El Pollo Loco (LOCO), Shake Shack (SHAK), MINDBODY (MB), Universal Display (OLED),
    • Fri 5/5
      • Open: CIGNA (CI), Cognizant Tech (CTSH), TransCanada (TRP), CenterPoint (CNP), Univar (UNVR), American Axle (AXL), Moodys (MCO), Scripps (SSP), Gibraltar Industries (ROCK)
      • Close:

    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:

    https://www.forbes.com/sites/jaysomaney/2017/04/29/despite-beating-estimates-baidu-shares-end-lower/?utm_source=followingweekly&utm_medium=email&utm_campaign=20170501#352aaee3353c

    https://www.forbes.com/sites/jaysomaney/2017/04/28/based-on-western-digital-results-earnings-last-night-micron-is-currently-cheaper-than-dirt/?utm_source=followingweekly&utm_medium=email&utm_campaign=20170501#412ae7439801

    https://www.forbes.com/sites/jaysomaney/2017/04/25/in-a-big-game-changer-netflix-finally-enters-china-albeit-via-the-backdoor/?utm_source=followingweekly&utm_medium=email&utm_campaign=20170501#1d1b27396a40

    Until next week, I hope each and every trade/investment is a profitable one for you. 

    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 on May 7 is the next date.

    Please keep in mind the kindly uncles and the bears will now be talking about armageddon on May 7, 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 (11:30 AM ET and 3:15 PM ET)

    Friday 4/28

      Patrick Harker (2:30 PM ET)


      On the ER front we are smack-dab in the middle of reporting season"

      Earnings

      • 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)
        • Close:

      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:

      https://www.forbes.com/sites/jaysomaney/2017/04/20/apple-and-amazon-make-strange-bedfellows-in-the-chip-business/#53fa975a1666

      https://www.forbes.com/sites/jaysomaney/2017/04/17/google-makes-a-big-land-grab-in-reno-very-close-to-teslas-gigafactory/?utm_source=followingweekly&utm_medium=email&utm_campaign=20170424#182ad9e650f7

      Until next week, I hope each and every trade/investment is a profitable one for you.