Not much to say on the long view of the portfolio this week. It was certainly a very volatile week, and my portfolio went from 11.82% to 30% annualized to end up at 6.07% annualized.
So far the loss for March is -1.78%.
| SYMBOL |
LAST |
BOUGHT |
Gain/Loss |
% Gain |
| MO |
71.78 |
72.7 |
-0.92 |
-1.27% |
| EXPD |
39.7 |
42.33 |
-2.63 |
-6.21% |
| CHS |
9.06 |
9.85 |
-0.79 |
-8.02% |
| MRK |
40.97 |
46.25 |
-5.28 |
-11.42% |
| KLAC |
36.18 |
41.76 |
-5.58 |
-13.36% |
| CL |
76.28 |
75.02 |
1.26 |
1.68% |
| LLY |
47.81 |
51.93 |
-4.12 |
-7.93% |
| CDNS |
11.02 |
10.23 |
0.79 |
7.72% |
| CCJ |
39.5 |
34.08 |
5.42 |
15.90% |
| ADBE |
32.61 |
34.55 |
-1.94 |
-5.62% |
| OXY |
75.27 |
67.8 |
7.47 |
11.02% |
| RIG |
137.55 |
122.25 |
15.3 |
12.52% |
| HST |
16.3 |
16.75 |
-0.45 |
-2.69% |
KLAC broke down with a gap and became oversold, however, there was no bounce for two days regardless of the oversold condition, the general markets did not help much either. I am looking for any minimal bounce to exit. Since next week is going to be driven by news, there is no point on exiting Monday, as there was no point exiting on Friday.
LLY broke down with a gap, became oversold and bounced. The same criteria as KLAC applies to LLY. I will either close on Tuesday if the market does not react positively to the news, or keep the position.
If the markets fail to react to the Fed news, I will start unwinding my positions and change strategies in view of a bear market ahead, instead of a correction.
For now, waiting, this portfolio right now is risky, but it has some room before becoming a liability.
I am not publishing stock picks because it is starting to look like we may move into a full fledged bear market.
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Last update : 16-03-2008 10:24
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