Volatility
ticks up. My cautious approach works fairly well. Stocks, bonds and
gold all moved lower for this cycle. I made modest gains. I count 51
winners, 5 losers for the September option cycle.
The year-to-date etf tracking follows, best to worst, dividends not included:
SLV
+35.4% silver
GLD
+23.3% gold
EEM
+13.4% emerging market stocks
TLT
+11.8% U.S. treasury bonds
IWM
+8.2% U.S. small cap stocks
SPY
+4.7% U.S. large cap stocks
my
trading account +6.8%.
Good
news: I finally leap frog out of last place, moving ahead of SPY for
calendar 2016. Considering how the year started, with about a 9%
drawdown, being positive, moving ahead of the S&P 500 is all good
news. Cynics can say that "good traders" made much more.
Just look at the big gains in other asset classes, such as silver,
gold, treasury bonds.
Going
forward I continue to be cautious. That said, a surge to the upside
in stocks, might be the most frustrating thing the market can do.
Last month I wrote about some election trades. All were mediocre to
dead wrong. I thought gold and bonds would go up, and both went down.
I thought stocks would be more volatile, and that was true, but my
positions did not move much.
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