Covering High return Balanced Investing Strategies To
Make Money In Up Or Down Markets
A Publication of Princeton Research, Inc. (www.PrincetonResearch.com)
Contributing Staff: Michael King, Charles Moskowitz
April 24, 2016
Charles Moskowitz Discussion
Still Wondering When ???
Week 16 was another gain of $672, bringing YTD to $4,771or almost 48%. Funds in use are only $400.
In a week that the popular averages didn’t do much of anything. We managed to make money on the short side again with gains on the balance of the SJM puts and the QQQ puts. The point is that you have to be selective when deciding what stocks within the market of stocks you want to trade. While the Dow was up .60%, and the S&P500 up .52%, the QQQ was LOWER by 1.5%.
Often when we have a market that is overbought and extended with what seem to be confusing fundamentals we see groups of stocks (like the tech sector) that show weakness at different times. Clearly Energy has taken the lead for this market while retail, or biotech show cracks in their façade. While some call this rotation into stronger sectors, I would make the point that the Marco point of view, with the market near its highs, might also be considered topping out of what has been the strongest sectors. The saying “flat tops bring drops” exists for a reason…But again, When is still the question??
Again, you really don’t want to try to fight the Fed, or the EU on the overall direction of the all the money that continues to get pumped into world markets, but that doesn’t mean that there aren’t stocks that move lower. It also doesn’t mean that we won’t participate on the upside. We continue to look for the best trades in either direction.
We have also played the gold market several times this year, and it feels to me as if we have made an important bottom. That doesn’t exclude hard and fast selloffs. I am looking to be a buyer of the metal in the $1190-1210 level if it gets there. The problem for me is that as long as bonds remain weak we should have some strength in the US$. This puts me at odds with the conventional wisdom since I am also short the Euro via the FXE 6/109 put position. What the current setup doesn’t take into consideration is that in this new world order we have the constant threat of terrorism every single day. This is one of the issues that also effect gold in a major way. As long as I can continue to buy at support with good stop protection we will be right there…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: April 18th;11th;4th; March 28th;21st;14th;7th; Feb 29th22nd; 15th; 8th; 1st;Jan 25th; 18th; 11th; 4th; Dec 28th;21st;14th; 7th; Nov30th; 23rd; 16th; 9th; 2nd:
3rd Week expiration When the month is listed without a date
New Trades Options Account:
( 1 ) Buy 10 SLV May 16 Calls @ $ 0.51
( 2 ) Buy 4 SIG May 110 Puts @ $ 2.15
( 3 ) Buy 4 MSFT May 52 Calls @ $ 0.92
NEW Trades $ 100,000 account :
( 1 ) Buy 20 SLV May 16 Calls @ $ 0.51
( 2 ) Buy 8 SIG May 110 Puts @ $ 2.15
( 3 ) Buy 8 MSFT May 52 Calls @ $ 0.92
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