IWM rose by 0.6% this week, while my account fell by 0.8%. The loss-floor has fallen to -3.2%.
Euro news: Cypriot banks have reopened, but with restrictive capital controls: max €300/day withdrawals, max €500/day can be hand-carried off the island. Capital controls are supposed to be illegal in the EU. Effectively, there are now two currencies named “Euro” and they are not freely interchangeable. And this is the “good news” that will supposedly make the US markets soar?
Markets were closed on Good Friday.
|End of week allocations:
IWM: Dividend payment on Monday, which I didn’t notice until Wednesday. Adjusted my database after the close.
TZA: Stopped out on Monday, but it seemed (because of the
dividend problem) that the underlying IWM woudn’t have stopped out,
so I bought back TZA the next day for about the same price. After
adjusting for the dividend, now the stop-out was “supposed” to happen,
so TZA ² is a “rogue” purchase — added a special rule to the
robot so it would know that I have this and need to pick a sell-time for it.
Note that Wednesday and Thursday that the price of TZA did not change, while IWM crept slowly upward. This unusual divergence may indicate that the US Fed was printing money and buying IWM (but not selling TZA) in order to create the appearance of calm before the April storm.
I changed the historical price-data after Wednesday’s close (to account for the dividend), so the robot was actually using “wrong” data for most of the week.
|Buy date||Buy price||Sell date||Sell price||Acct Profit|
|TZA ¹||MR 19 14:00||$9.62||$9.63||MR 26 10:00||MR 26 09:45||???||$9.21||-0.9%|
|SRTY ¹||MR 25 12:00||MR 25 14:00||$23.53||$23.30||MR 25 13:00||MR 26 10:00||$23.30||$23.28||-0.2%||-0.0%|
|TZA ²||(Do not buy)||MR 26 09:34||$9.26||(Not yet)|
|SRTY ²||MR 27 11:00||$23.57||$23.55||MR 27 12:00||$23.32||-0.2%|
SRTY: Has been producing nothing but losses all year. Hopefully this ”topping process” will end soon.