Wednesday, May 16, 2012

My last blog was dated April 6th. I haven't posted anything since then. My thoughts back then were that we were overdue for a correction of some sort. I kept taking positions and then promptly getting stopped out on the reversals. I finally got disgusted and decided I would forsake the stock market and devote my life to bringing joy and happiness to my current wife. That didn't work either so now I'm back to the stock market. I think the long overdue correction is finally pulling into the station. I don't know how large a one it will be but I suspect it won't go very far down before Helicopter Ben comes back with another QE. I have taken up several positions which I will list below and send a chart of my progress.
I went long the US Dollar with UUP
I went short Oil with DUG
I went short the Dow with DXD
I went long US Treasury Bonds with UBT
This is the Portfolio Tracker so far. I'll try to post my take on the whole situation this week end.

SYMBOL/NAMEPRICE*CHANGELAST
TRADE
GAIN/LOSS 
(USD)
SHARESPRICE
PAID
PURCHASE
DATE
GAIN/LOSS
(USD)
% CHANGE% PORTVALUE 
(USD)
   DUG:US ($)
ProShares UltraShort Oil & Gas
27.74+0.1616:15
+16.00
10024.655Multiple
+308.50
+12.5114.27
2,774.00
   DXD:US ($)
ProShares UltraShort Dow30
55.44+0.1516:15
+15.00
10053.04Multiple
+240.00
+4.5228.52
5,544.00
GLL:US ($)
ProShares UltraShort Gold
19.49+0.0516:15
+5.00
10017.5305/03/2012
+196.00
+11.1810.03
1,949.00
UBT:US ($)
ProShares Ultra 20+ Year Treasury
69.16+0.4216:15
+42.00
10065.1705/03/2012
+399.00
+6.1235.58
6,916.00
UUP:US ($)
PowerShares DB US Dollar Index Bullish Fund
22.57+0.0516:15
+5.00
10022.2005/07/2012
+37.00
+1.6711.61
2,257.00
Totals
+83.00
 
+1,180.50
+6.47 
19,440.00
* Shows Yield for some Money Market funds.

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