Real Money Portfolio – Update 3/24

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

Let’s take a look at the trades.  It wasn’t a great week.

First, I was stopped out of QID on Tuesday.  QID is a double inverse fund based on the QQQQs.  So, if the QQQQs go down QID goes up and vice versa.  Fortunately I was stopped out, because Wednesday was a big up day for the market.  I can’t figure out if this market wants to go up or down.  More patience is needed until trend is in place.

 qid0323.png

Wednesday was a big day as the market interpreted the Fed’s statement as bullish.  Picked up AUY, BHP and PCU at the close.

pcu0323.png 

I was making a lot of trades in my other accounts as the market was closing on Wednesday.  BHP is one that I may have been better off not making.  Its steep incline is unsustainable.  This looks like trouble.

 bhp0324.png

No follow through from Wednesday’s rally on Thursday or Friday.  This may be the last time you will see AUY in this portfolio.  Gold stocks have so under performed Gold bullion since the Gold ETF (GLD) was released in November 2004, that I don’t know if they are worth the trouble.  I will most likely simply stick with CEF going forward.  I sold AUY on Friday.

auy0323.png

For the week, the portfolio was down -0.9%.  That wouldn’t be so bad, but the S&P 500 was up 3.5%.  Can’t have the market beating me.  Portfolio is currently holding 50% in cash.  Here is the updated log. 

 rm0323.jpg

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