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
September 11, 2016
Charles Moskowitz Discussion
BUT RATES ARE GOING UP FOR THE RIGHT REASON !!!
Week 36 was a truly minor loss of $9, bringing our YTD gains back down to $6493. Our funds in use are only $694. We have positions that are leaned to the traditional shorts for a falling market. Gold, although “non-correlated” generally acts better when there is a scare, and I think this week will qualify. We also added a small position in the QQQ puts on Friday afternoon during the countertrend rally from down 320 to down 250 in the Dow.
Although this is a small position, it is also done in conjunction with the recent activity of this account. In recent activity I have kept funds in use to a minimum so as not to get trapped in the kind of action we saw Friday. Unfortunately, we did not get short the HOG via the text earlier in the week, but anyone who has followed this account knows, I don’t chase trades.
The HOG puts were $ .80 and I bid $ .85, raised to .95 and when they traded $1.20 cancelled the bid. Yes, they closed $2.20, and the gain was great, but hindsight tends to work that way. If the market has truly turned for any significant move lower we’ll find plenty of places to play.
So, the event that turned things started with Mr. Draghi and ECB’s lack of changing rates and announcing more asset purchases. That was followed by our Fed members jawboning their way into the public awareness, giving us their interpretation of what our economic numbers mean to them. DOES EVERYONE NEED THEIR 15 MINUTES IN FRONT OF THE CAMERA ?? The numbers that are quoted are going to be revised, at least twice; new numbers will come later and the FED will have meetings that they can use to discuss these issues among themselves and make a decision. We don’t need all the inter-meeting lectures.
All the talk about rate raising because the economy is getting better is great, if it’s true and sustainable. I’m not an economist, just a trader and I don’t know. What I do know is that things are priced for perfection (as can be seen every time someone misses by a penny or lowers guidance) and part of that perfection is a low or zero interest rate environment. If you take that out of the equation you start from scratch and the numbers are not nearly as cheery as what we’ve had to work with up until now. Friday’s action shows that no matter what the reason, rising rates are bad for prices, at least in the short term…CAM
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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. For questions please call 702 650 3000.
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New Trades Options Account:
( 1 ) Buy 4 FB September 128 Calls @ 0.90
NEW Trades $ 100,000 account :
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( 2 ) Buy 300 HDGE at Mkt on Opening
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