Monday 20 June 2011

Week of 2011 JN 17

My account lost 0.4% for the week, same as SPY.

This week I drove to Buffalo and submitted my application to Schwab for options trading.  Hopefully that will be approved next Monday.  Then I can switch FRED and TLT over from stops to puts.  I might be willing to buy TNA with a protective put; it looks like it *might* bounce 15% over the next two weeks.

Daily % gainStop %Realized
Symb size when Fri Mon Tue Wed Thu Fri Beg End
IAU 20% MR24 4.5 3.7 4.1 4.2 4.1 4.5 +2.9 +3.5
DRETF 20% MR30 -4.6 -4.8 -2.1 -2.1 -4.9 -4.3
PALL 7% MA06 8.2 7.0 6.8 5.4 4.2 3.5 +2.7 +2.7
VSR 6% MA23 -0.2 0.1 -1.1 -2.0 -3.0 -2.2 −3.2 −3.2 −3.3%
TLT 11% MA25 1.2 0.7 -0.8 1.0 1.4 1.0 −1.2 −2.8
FRED 6% MA31 -2.5 -2.0 -0.1 -1.4 -0.4 -0.6 −10.9 −10.9
CGO 6% JN15 -0.3 -0.8 -0.2 −4.4 −4.4
ENB 6% JN15 -2.2 -3.4 -3.0 −4.4 −4.4
SPY 0.0 0.1 1.2 -0.5 -0.3 -0.4
me 0.0 -0.3 0.2 0.1 -0.5 -0.4

IAU: Still doing okay.  I sold some on Monday, which turned out to be the low point.  Now some pundits are predicting that it will form a bottom soon and start heading up.  If so, I might buy some more.

DRETF: Still not doing very well.  It seems that DRETF tracks the ups and downs in IYR, the US real estate index, even though it is not American real estate.  One pundit thinks that IYR is going to crash soon, due to the double-dip depression in US real estate.  I’m still hoping that DRETF will bounce in the next two weeks now that the new shares have been issued.

PALL: Dropped a lot!  But my stop is above water so gains are assured.  If it doesn’t stop out soon, maybe I should buy some more.

TLT: The 3% trailing stop is too tight and I have to keep resetting it.  In Buffalo, the Schwab person laughed at me when I told him how tight my stop was.  Hopefully switch to a put-option next week.

‘M’ oscillators:  No hits on the 16-day oscillator.  On Tuesday there were nine hits on the 20-day oscillator, none on other days.  I bought CGO and ENB, but they won’t do well unless the market rallies next week.

Weekly scan:  Buy nothing.  The hits are AGM and BFR.  I just don’t have confidence in this thing anymore.

TNA day trades:  Good thing I didn’t buy this week!  Would have been a 0.5% loser.  Next week: $RUT is up only 0.3%, so don’t buy anything.

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