SPY fell by 1.7% this week and is now basically unchanged over the last eight weeks. My account fell 0.5% and is roughly unchanged over the last seven weeks. The loss-floor rose slightly, to -6.8%.
US market news: IBM, Google, Amazon, and Apple (among others) have all reported disappointing earnings. Each time, the market fell after the news and then partially recovered. It seems the market participants continue to believe that the “Bernanke put” will prevent any serious downturn until after the US election.
IAU: Gold fell again this week. Daily MACD is unchanged from a week ago.
SRTY: This is now the third week in a row where I have bought SRTY Friday afternoon, as a bet that the market would fall over the weekend. The previous two bets were losers. Maybe the third time will be the charm?
|Buy date||Buy price||Sell date||Sell price||Acct Profit|
|SRTY ¹||OC 19 14:00||$39.43||$39.44||OC 22 10:00||$39.20||$39.19||-0.1%|
|SRTY ²||OC 23 10:00||$40.62||OC 23 14:00||$40.00||-0.2%|
|SRTY ³||OC 26 13:00||$40.74||(Not yet)|
The robot seems to be functioning properly, but it doesn’t make any profits. Tim Knight reports that his profits are very small, even though he is a bear and the market has been falling, because the market action has been very choppy and hard to predict. It’s nice to know that people with much more experience than I are having similar difficulties.