2,100 Tuesday – S&P Tests Along With NASDAQ 5,000

Holy cow, look at those indexes go!  

With the NYSE finally above our Must Hold line at 11,000 – it may be time to give up on our bearish positions and just “go with the flow” BUT we still have S&P 1,100 and Nasdaq 5,000 to punch through and THEN we can use them as stop lines for more bullish betting.  

Not that we haven’t made plenty of bullish bets.  Our Long-Term Portfolio closed Friday up a whopping 31.4% with $156,886 in gains over the past 14 months.  Of course our Long-Term Portfolio is ALL bullish – it’s our Short-Term Portfolio that holds our hedges but, fortunately, we also make some nice short-term bullish bets in there as well and that portfolio is up 103.1% since 11/26/13 – a gain of $103,065 off our original $100,000 virtual investment.  

We made some aggressive bearish adjustments to the STP on Friday as we anticipated a sell-off after the holidays but, so far – despite Greece being broken again this morning – we’re still holding up in the Futures.  We did, however, manage to scratch out some Egg McMuffin money this morning in our Live Member Chat Room, picking up oil shorts (/CL) early at $53.50.  We just (7:35) exited a round at $52.75 for a $750 per contract gain to start our day.  

SPX WEEKLY

Not that it’s easy money, by the way:  We initiated that trade at 4:57 am and it took two and a half hours to make that $750 (and we took entries and exits in between) so certainly this kind of labor isn’t for everyone at $250/hr.  We also laid out some nice index shorts for our Members, so hopefully we can give ourselves a raise over the course of the day.  

Of course, Futures trading is just what we do for fun while we’re waiting to see if our Long-Term trades work out.  After all, it’s taken 14 months to make 31.4% in our LTP – we have to find a hobby to keep us from over-trading our Long-Term positions, right?  

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Author: Travis Esquivel

Travis Esquivel is an engineer, passionate soccer player and full-time dad. He enjoys writing about innovation and technology from time to time.

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