Disclaimer

I will not be responsible for any material that is found on this site or at the end of links that I may post on this blog site. Mistakes may happen from time to time. URLS and domains may change hands. If you need financial advice or someone to hold your hand while you make the trade, please find another site.

Because the information on this blog are based on my personal opinion and gosh I am so fucking opinionated, it should NOT be considered professional financial investment advice. The ideas and strategies should never be used without first assessing your own personal and financial situation, or without consulting a financial professional, preferably both and in that order. My thoughts and opinions will also change from time to time as I learn and accumulate more knowledge,or my meds wear out, or my post coital euphoria passes.

Feel free to comment on my ideas or ask questions in the comments section for the blog entries. Please remember that this is a blog, and you do not need to agree with everything or anything I write (except I am very needy when it comes to my looks...so you have to say nice things). I reserve the right to delete any comment for any reason (abusive, profane, rude, etc.) so please keep the comments polite, unless you are criticising Gold Bugs...in which case go wild....doggie style.

This site is also dedicated to preventing small traders from having their accounts go supernova by listening to Gary Savage. To read more about him, please browse through the posts and also see http://smartmoneytrackerpremium-exposed.com/


Thursday, January 19, 2017

What happened to the Gary Savage Ship?

Thanks to the relentless assault by the SMT Exposed site, this blog and even Avi Gilburt, the Borg (Gary Savage) ship is taking some damage.







Thank you all for your participation. 




Markets:
The complacency and sentiment indicators continue to stay in extreme. If we do not have a 1% decline today it will be 67 trading days without one, the longest in the bull market since 2009. But the underlying economy looks quite strong. A couple of years back you can check the many sites including zerohedge which predicted that the Fed would not be able to raise rates and such a high US dollar would destroy the US economy. The economy has held up quite well in the face of a higher USD (which I think has peaked as I mentioned last week) and the falling dollar should be a nice tailwind to profits.

Trading Positions:
50% Long Equity TLT

3% Long Equity Various Calls Feb TLT

3% Short Equity GS

Long GS $220-$210 Put spread for Feb (10X), financed by selling $240 calls for Feb expiration (1X)

3% Short Equity FAS

10% Short Equity GLD: 10% Long Equity PPLT

About 6% combined short GDX $23.50 Jan 27th calls at 66 cents and Pan America Silver at $18.93

5% Short Equity SPX

1% Short Equity NUGT Jan 20 $10 calls. 



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