IWM fell by 1.2% this week, while my account fell 1.9%. The loss-floor has risen to -10.0%.
Market news: The market was not happy with the FOMC meeting, which announced a continuation of the tapering of Quantitive Easing (= money-printing to finance the US deficit). If the market does crash in October this year, pundits will probably say that it began with today’s big drop; a trendline dating back to the March 2009 bottom has been broken.
Political news: Scotland voted “No” on secession. Of course there are some complaints about vote-rigging, but it looks like the issue is settled “for a generation“. The Scottish prime minister has said he will resign after this loss. Oh, and war continues in Ukraine and Greater Syria.
Health news: A volcanic eruption continues in Iceland, causing minor local coughing from the pollution, but European air-travel is unaffected so nobody else cares. Also, Ebola is up to 1½ million cases in Africa, but very few white people are getting sick so it’s not worth reporting on the network news shows in North America.
|End of week allocations:
Net 90% net equities, 25% cash USD
YHOO: Doing reasonably well. Might sell next week if this downtrend continues. Perhaps Alibaba’s IPO was the “top tick” before the crash?
URTY: Robot tried another “FOMC play”. Once again, the market was not happy with the FOMC results.
TNA ²: Ouch! Robot bought a second tranche just before the market tanked. This does not look good. I expect a loss next week.
|Buy date||Buy price||Sell date||Sell price||Acct Profit|
|YHOO||JL 22 09:30||$33.48||$33.56||(Not yet)|
|UWM||SE 11 09:30||(Skipped)||$83.97||SE 16 09:30||$81.94||-0.35%||+0.00%|
|TNA ¹||SE 11 15:00||$76.66||SE 15 10:00||09:39||$73.02||$73.00||-0.52%|
|SRTY ¹||SE 15 11:00||SE 12 14:00||$38.46||$37.57||SE 15 15:00||$38.60||+0.03%||+0.25%|
|SRTY ²||SE 16 15:00||$38.35||SE 17 10:00||$37.65||$37.67||-0.20%||-0.22%|
|URTY||SE 17 13:00||$84.11||$84.08||(Not yet)|
|TNA ²||SE 18 11:00||$74.00||$74.04||(Not yet)|
|SE 19 11:00||$73.61||$73.65|
|SRTY ³||SE 19 14:00||$38.86||(Not yet)|
UWM: Would have been a loser. Good thing I skipped it.
SRTY: Okay, so the wrongly-timed SRTY ¹ was a winner, while the correctly-timed SRTY ² was a loser. Of course!