Only 20 days into the new year and, since our last review, all 4 of our Member Portfolios have added substantial gains as our bets on a flatlining market are paying off:
- Our Options Opportunity Portfolio (OOP) is up $9,352 (9.3%), at $246,577, which is up 148.6% since its 8/8/15 inception - our newest portfolio.
- Our Butterfly Portfolio is up $7,816 (7.8%) at $331,408, which is up 231.4% since its 7/29/13 inception.
- Our Short-Terrm Portfolio (STP) is up $9,222 (9%) at $484,298 which is up 375.1% since its 11/26/13 inception.
- Our Long-Term Portfolio (LTP) has jumped 29,649 (6%) to $1,209,372, which is up 141.9% since its 11/26/13 inception.
In addition to our 4 virtual tracking portfolios, we also have our Top Trade Ideas, which do not go into a portfolio but I will do a review of those next week. For the first time ever, our last two Top Trade Ideas were hedges - that should tell you something about my mindset for the market going forward.
All of our Member portfolios are 75-90% CASH!!! at the moment and using 1/4-1/2 margin - leaving us plenty of room to adjust if the market does turn sour - something I feel is very likely to happen in the next two months and yes, I know I've said this before but, really, how much over our 2,100 top call on the S&P are we? It's at 2,262, so we're 162 points over what I called a value top and that's 7.7% but, in fairness, the Dollar is down 3% and that explains most of it.
The rest of the pop comes from runaway expections from the Trump Presidency and yes, he will lower the Corporate Tax Rate but Corporations only pay 12% on avergage now - how low can they really go?
