IWM rose by 4.8%, for its biggest weekly gain since January and now at its highest price ever. My account rose 2.8% for its biggest weekly gain since September of 2012 and now at its highest price since May 2013. The loss-floor has fallen to -8.9%, its lowest value in five weeks.
US news: On Wednesday, outgoing Fed Chairman Bernanke announced that the Fed will taper its money-printing slightly, from $85 billion a month to $75 starting in January.
Market news: Looks like we have ourselves a Santa Claus rally! If this continues next week as is typical, I will have had a profitable trading year for the first time ever. Meanwhile, the buy-and-hold folks will be up 40% for this year.
|End of week allocations:
125% long equities, 30% cash
URTY: Jumped above its 180-hour average on Monday, causing a sudden increase in my stop-price.
YHOO: Yet more attempts to buy this thing, but it never dips down to its 10-day moving average on a day when I have a “Buy” signal, so the purchase-attempts never succeed. Oh well; I’m overweighted on equities anyway.
SCHA: First attempt at a non-robot trade in quite some time. It seemed obvious that the market would dip on Thursday and that one should “buy the dip”, so I set my limit-price for a 38% retrace. Well, IWM did indeed retrace on Thursday 38% of its rise from Wednesday’s lows to Wednesday’s highs, but SCHA (which is supposed to be roughly equivalent to IWM) didn’t quite get down that low, so no purchase. Meanwhile, the robot bought more TNA on Thursday so it’s all good.
|Buy date||Buy price||Sell date||Sell price||Acct Profit|
|FRED||OC 18||OC 24 09:30||$16.11||$16.59||(Not yet)|
|FNSR||DE 05||DE 05 09:40||$20.54||(Not yet)|
|URTY||DE 13 11:00||$75.60||$75.66||(Not yet)|
|TNA||DE 16 14:00||DE 16 15:00||$68.86||$69.19||(Not yet)|
|DE 19 11:00||$70.78||$70.85|
|ATML||DE 18||DE 18 09:30||$7.32||(Not yet)|
TNA: Slight inaccuracy in Schwab’s real-time price-feed caused the robot to issue its buy-order slightly late on Monday.
ATML: Sold last Friday for $7.37, bought back this Wednesday for only $7.32!