August 16, 2015

The portfolio is grinding along.  As of the today, the portfolio is up 6.55% and the S&P 500 index is up 2.84% (total returns).  A little bit better than the previous blog entry.  The portfolio is mostly the S&P 500 index, currency hedged Europe index, currency hedged Japan index, and cyber security.

We’re just going sideways, which makes this a nice trading environment.  I’ve been trading short term technical positions for the most part.  Most of those have worked out.  I sold some XHB (home builders index) because it has had a nice out performance compared to the S&P 500.  The cyber security index has badly lagged the S&P 500 since I’ve entered the position, but I’m confident that it will bounce back.  I don’t see cyber security as something we’ll need less of in the future.

I’ll be cautious moving forward.  The sideways movement feels like 2011.  Just like then the “international contagion” fear is effecting our markets.  I think the China situation is a real threat, but I also think the Chinese leadership will handle it, and handle it well.  I think if the FED hikes rates, and they seem to really want to, it’ll lead to a 5-10% drop in the S&P 500 index, and with velocity.  Besides that, I’m just going to trade this market and try not to venture too far from being indexed.

Doing something new, this statement is only from the last blog post until this one (so the trades list isn’t so long):

08-16-15 – Statement

Portfolio Snapshot:

08-16-15 - Portfolio Snapshot