And we're back!
Quite the recovery since last week so I figured we'd better take another look and go over our positions to make sure we're well-balanced. We're UNbalanced in our recovery, with less volume and more height than we've had before. Technically, we're looking bullish but, Fundamentally - there are still a lot of questions.
We'll discuss outlook and such in the Member Chat Room over the weekend, this article is just to check our balances, not an extensive review like we had last week. I'm on the way to Vegas today ahead of our Live Seminar next weekend (last chance to sign up), so I'm just going to note the items I think need adjusting this morning.
As an overview, last week our LTP was up 19.2% for the year at $596,170 and our STP was up 94% at $194,183 for a total of $790,353 (up 31.7% overall) following our aggressive strategy. As of Friday's close, the LTP had climbed to 21.5% ($607,710 and the STP fell to 82.5% at $182,498 for a total of $790,208, essentially flat at 31.7%. We turned more bearish on Wednesday and it may have cost us some gains but our aim into the end of the year is to lock in these profits, not "go for it."
The more conservative Income Portfolio was up 2.4% last week and finished yesterday up 8.5% at $542,304. Combined with the hedges in the Income Portfolio, that pairing is at $734,538, up 22.4% for the year and miles ahead of our 10% goal.
Our Butterfly Portfolio was as boring as its supposed to be, up 18.7% last week ($118,740) and up 18.1% today. The $25,000 Portfolio slipped from $30,745 to $28,802 as we added two bearish plays that, so far, have not worked out.
The reason we flipped more bearish this week was because we are back in the tops of our channels now AND we're heading into an election where, no matter who wins, half the people will be disappointed - that could lead to a small sell-off at least, along with a dozen other bad things that are going on in the world that we've decided to ignore again while the market engages in another low-volume, stimulus-fueled rally.
