#267: Mon 6/4/2018 7:52 PM EDT
Current Thinking & Upcoming Positioning
This year we have booked five winners and taken one loser. Statistically, we were due to get a trade wrong. Five winners and one loser is an 83% batting average. Our historical batting average is 79% so we are right where we want to be.
The total return is 105.20%. So the per trade return is 17.53% and the average winner is 21.04%.
#395: Tue 6/5/2018 12:59 PM EDT
We are moving back to trading the S&P 500 via SPY Options. Buy the July...
#394: Fri 5/4/2018 11:40 AM EDT
Lock In Gains on QQQ Calls
We are going to close our recommendation on the NASDAQ 100 via the Powershares QQQ Trust ETF (QQQ) May $163 Call that was trading at $2.92 on our recommendation on April 23rd. QQQ was at $161.70 and is now at $164.40. The call is now at $3.15 for a gain of $0.23 or 7.87%.
#504: Mon 6/18/2018 7:46 AM EDT
The Week Ahead
The Russell 2000 and NASDAQ 100 were higher for the week while the S&P 100 and Dow Jones Industrial Average were lower for the week. The Big Picture [monthly bias] for the NASDAQ 100, the Dow Jones Industrial Average, Russell 2000 and the S&P 100 remain positive.