Covering High return Balanced Investing Strategies To
Make Money In Up Or Down Markets
A Publication of Princeton Research, Inc. (www.PrincetonResearch.com)
December 27, 2015
Charles Moskowitz Discussion
Week 52 had neither closed out trades nor new trades. We certainly had the right call on buying APC (up $4.49) calls but it only got within $ .25 of our buy order before its rally from $44.74 to close $51.22. This leaves our YTD gains at $6996. Funds in use stay unchanged at $510, but our position in CCOI calls looks great with its highest close since April of this year. The options aren’t very active and haven’t traded since they closed at $ .50, but with the stock @ $35.30 they were $1.05 bid on Thursday afternoon.
Last week I discussed that the S&P500 was due for a bounce being both oversold and having the AAII numbers swinging so dramatically in favor of the bears. We had that bounce and it lasted until Thursdays shortened trading day to gain $55 for the week. The AAII Bull numbers remain well below their historical average, and that can help sustain gains.
The “Santa Claus” rally is due to start tomorrow and go for the last 5 days of the year and the first 2 of the new year. I’m not really sure that it will, but also mentioned last week are the January Effect trades which include stocks that have had tax-loss selling pressures that abate when the year ends. Many of these also have big short positions that propel them further than we might expect.
The last area that I think deserves attention is Gold. Like the oil, it has been in a fairly dramatic bear market all year. Several weeks ago I mentioned that while the oil was lower along with its on balance volume, its momentum had shifted to neutral to higher. This has also occurred in the Gold futures and we have spent the last 7 weeks consolidating. The high close is at $1,087.70 on a week that saw a fall from $1,142.70. If we can close over the $1088 area there isn’t much to stop it until that $1,140 resistance.
Be sure to check on the January effect list on page 14, and a Happy and Healthy New Year to all of our readers…….CAM
New Options Trades
( 1 ) Buy 10 GLD January 104 Calls @ $ 0.90
All trades were based on your participation in the texting service to receive updates. Previous closed out trades not listed here may be seen in previous market letters.
New trades $ 10,000 account...In Texting we have a limited amount of words. In the interest of brevity: OPTIONS ONLY: 1 January , 2 February. The Quantity and Strike Price for each trade is specific. Trading is hypothetical. We may trade weekly options and they are noted: SPY 1/25 147 for SPY Jan 25th 147 Calls or Puts.For questions please call 702 650 3000. Closed out positions are found in previous letters dating back four years: Dec 21st;14th; 7th; Nov30th; 23rd; 16th; 9th; 2nd; Oct 26th;19th;12th; 5th;Sept th;21st;14th;7th;Aug 31st; 24th; 17th;10th etc
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