Real Money Portfolio – Update 12/23

This thread tracks real trades in one of my portfolios. Refer to backgrounder for more info.

As I stated last weekend, GDX was wobbling.  Its wobbling continued on Monday and I sold it at the close.  XLE followed GDX’s lead lower and I sold it as well bringing the portfolio back up to 60% cash. 

GDX sucked me back in on Tuesday by rising 2.8% on above average volume and I allocated 30% to the trade.  It promptly went back into wobbling mode and I made a partial sell on Friday. 

Despite the whipsaws I am only trailing the S&P 500 by 0.5% since the beginning of the tracking period.  Including the open positions – it’s a dead heat.  Let’s see what the next week brings.  I am sitting on 50% cash.

gdx1222.png

xle1222.png

 

Trade log updated to reflect new trades.

Symbol Date In Entry Price Date Out Exit Price Current Price 12/22 Current % return Allocation Closed P/L Overall
CEF 10/13 8.36 12/7 9.45      40% 5.22%
USO 11/27 52.21 12/11 52.85     20% 0.25%
GDX 11/29 40.47 12/18 39.28     20% -0.59%
XLE 12/1 60.61 12/18 59.33     20% -0.42%
CEF 12/7 9.45     9.21 -2.5% 20%  
FXI 12/11 98.81     103.79 5.0% 20%  
XLE 12/13 60.84 12/18 59.33     20% -0.50%
GDX 12/19 40.24 12/22 38.78     30% -1.09%
GDX 12/22 38.78       -0.2% 10%  
Closed P/L               2.87%
S&P 500 Since 10/13           3.3%    

Watch List:
PHO
FXI
SMH
QQQQ

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