My account rose 0.4% this week, while SPY lost 2.0%. Things are proceeding according to plan. Really, 0.4% is a fine result for an average week (that would be 20%/yr), but it doesn’t look so hot after two weeks of no-change and six weeks of losses before that.
Politics: The debt-ceiling battle is proceeding as expected, so I predict a big drop in SPY next week.
|│||Daily % gain||│||Max % loss||│||Put|
DRETF: Still not quite recovered yet.
TLT: It’s taking a hit from the debt-ceiling scare. Hopefully it will pop back up on August 2nd. If not, I have the put.
TYP: Didn’t recover fast enough. The put expired so I sold. Probably would make money next week but I didn’t want that much risk.
RWM: Doing okay. Has now mostly paid for its put. Hopefully will go up a lot next week.
UUP: The US dollar seems to be at the bottom of its short-term oscillation. I’ll probably hold this for a week or two. This is a low risk/low reward trade.
SCHA: Preparing for the next upswing. I had an order to buy when the market retraced 38% of its recent rise, which triggered. I have more orders to buy at 50% and 63% retracements (the three usual retrace amounts). Really, I don’t need a put on RWM, I just need small amounts of contrary investments.
SBB: To buy at Monday’s open. I’m expecting a bloodbath on Wall St. next week, so I need more bearish stuff.