August 13th: Ed’s Daily IRA Summary   5 comments

Ed’s IRA: -0.26%
DJIA: 0.55%
Nasdaq: 1.02%
S&P 500: 0.67%


Posted August 13, 2014 by edmcgon in Open Thread, Portfolio

5 responses to “August 13th: Ed’s Daily IRA Summary

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  1. I notice copper is down just over 2% from Monday or .07. That’s a large jump to the wrong side in the summer.

  2. I’ve slowly been moving to cash. Now about 45%. Seeking Alpha’s Jeff Miller turned bearish for the first time in a long time this weekend. The dollar gets stronger each day which might signal a movement away from the “carry” trade and a movement of funds away from the emerging and developing markets.

    Except for the small portfolio I report on this blog, I’m completely out of all international equities and primarily in large cap US (mostly value). I don’t see a huge drop unless some large headline (Russia, Ebola or Mideast?) event occurs to drive market psychology. I just think its a good time to be careful.

    Good luck to all.

    • Well Jeff charts are looking better for the S&P and the dollar is at the top of it’s range. Today you were saying you were looking at TNH or DE, why the gloom and doom?

      • Don’t mean to be completely gloomy and doomy. At the moment, I’m primarily concerned about headline risk especially regarding the Ukraine. Secondarily, Europe and Asia (Japan in particular) are not sending good.economic signals.

        On the other hand the strong dollar should bring some $ back to the US as carry trades continue to unwind so US equities could benefit. Also, there are two sides to the Russian coin and as that situation resolves without a Russian incursion/invasion, there may be a few good opportunities like CTCM. I know I can’t time the market, but it just feels like a good time to take some $$s of the table for a week or so.

  3. Jeff, I understand. I looked at de and tnh well neither are a buy IMO. Tnh is at the top of its range. De was at this area last year, it took to Nov for it to move higher.

    Trader, I found a stock nugt. :). Sept 50.50 calls are high and nugt is at 50.05. What you think.

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