Monday, August 22, 2016

Aug 22- Still long GLD

Added some TWLO, AGU, NUGT, SLV last week in addition to the DGP position.  I sold the CMG and will still be eyeing it.

Looking for a bounce in precious metals.

The discretionary account took a hit last week mainly due to the early precious metals entry and is already down 6%.  Will have to trim back position size.

The volatility account is up 1.5%



Wednesday, August 17, 2016

Aug 17 - Long GLD

Not much in equities for me and just sitting in CMG and added gold via DGP in the discretionary account for a 25% position.

Apologies for not updating the position spreadsheet.  Hoping to get to it this weekend.


Tuesday, August 9, 2016

Aug 9 - Equities listless

I sold 1/2 of my XOP position yesterday and closed the rest today.  I have a handful of VXX/ UVXY spreads and a 20% position in CMG but otherwise flat.  I am not too excited about the market in either direction.

I was hoping to provide an update of the discretionary + volatility acct and will post the results soon.  So far I am -3% in the discretionary and +1% in the volatility acct.

Still pretty rangebound
 Riding the upper Bollinger so not a great place to enter new longs
 This one I am eyeing as a short (maybe 10% of acct) if it gets close to the yellow box

 Still in CMG as this turd continues to go nowhere

Thursday, August 4, 2016

Aug 4 - CMG long

Added CMG in the discretionary account with a 10% position.  I am not sure about the direction of the indexes so making some plays on sectors and individual stocks for now.  Eyeing BIDU and may make a move this week.

Still short volatility via the volatility account and will post an update with positions and profit/loss figures this weekend.




Wednesday, August 3, 2016

Aug 3 - XOP long

Added XOP long after getting stopped out yesterday (should've had a slighter longer stop maybe).   XOP has been showing strength despite oil weakening the last few weeks.  Oil 'may' be stabilizing here but the trend is still down.

Also added VXX put spreads for first month of Sept in the 'Volatility Account'.  Plan is to add 1% of acct/ wk going out 1-1.5 mo.