Covering High return Balanced Investing Strategies To
Make Money In Up Or Down Markets
A Publication of Princeton Research, Inc. (www.PrincetonResearch.com)
March 27, 2016
Charles Moskowitz Discussion
Who’s kidding Whom ???
Week 12 had a minor gain of $64 bringing our YTD gains to $2,421 carrying 2 open positions in XLF 4/22 calls and SPY 3/31 202 puts. Funds in use are $792.
This week on the Yahoo News Digest app that I use on my IPhone there was a quote attributed to the Chief financial economist at Union Bank in NY stating “the consumer is back in the driver’s seat with their foot down hard on the gas as last year came to a close.” Who is this guy kidding? Was he looking some place other than Retail sales, durable goods, and hospitality spending ?? If this is “foot down hard on the gas,” them the consumers the rest of us know must be driving a two-stroke lawnmower engine.
While I hate to use Peter Schiff (a perma-bear gold bug) as a source of economic news, on Friday I saw him interviewed and his opinion was that we are already in a recession….Frankly, while he may not be right, right now, remember that our way of signifying a recession comes only after the fact. By its definition, you only KNOW we’re in a recession AFTER 2 quarters of declining GDP. He may be wrong, or jumping the gun, or even right. The question is “How is YOUR business or YOUR income and how busy is the local mall ?? These are the questions that lead you to making your experience the marker for how things are really going. I remember an old tongue in cheek description of the difference between a recession and a depression… “A recession is when your neighbor is out of a job, a depression is when you lose yours.”
I still consider this market over extended with not a lot of room on the upside. We bought one week SPY puts again and for balance we have the XLF calls. This way we can profit from either direction. The XLF was bought right before the close on Thursday when the index was at what I feel is a slightly oversold condition and at important support, as well as closing right near its high of the day. A rally just to the highs of last week would give us close to a double with 3 full weeks until expiration.
I will be looking for more trades on both sides of this market so be sure to sign up for the texting service…..CAM
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: March 21st;14th;7th; Feb 29th22nd; 15th; 8th; 1st;Jan 25th; 18th; 11th; 4th; Dec 28th;21st;14th; 7th; Nov30th; 23rd; 16th; 9th; 2nd; Oct 26th;19th;12th; 5th
3rd Week expiration When the month is listed without a date
New Trades Options Account:
( 1 ) Buy 6 AAL April 41 Calls @ $ 0.80
NEW Trades $ 100,000 account :
( 1 ) Buy 12 AAL April 41 Calls @ $ 0.80
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