Upon the opening bell; we prefer to wait until 8:00 AM (PST to determine exactly what our position ought to be regarding the “Erstwhile Portfolio”.

(If our model was automated with an logarithmic algorithm, it would re-balance according to our default options – thus adjusting the portfolio to a robust investment.)

Based on the “reality” of the current market performance (BEARISH), we revised the portfolio.

MARKET PERFORMANCE     JULY 21

MARKET INDEXES
SPX $DJI COMP RUT
BEAR BEAR BEAR BEAR
-0.52% -0.63% -0.30% -0.50%
-6.420 -66.383 -9.420 -3.970

 

RE-BALANCED ERSTWHILE PORTFOLIO


TICKER
SHARES AA G/L ALLOCATION
CIG 30 $258.60 $0.90 2.89%
NFX 10 $440.00 $1.20 0.90%
STLD 10 $196.40 $0.00 0.90%
ARCP 35 $456.40 $1.23 3.39%
BBD 15 $234.15 $1.65 1.39%
TOTALS SHARES CAPITAL G/L ALLOCATION
  100 $1,585.55 $4.98 9.47%

We closed out EDR, BMY and EOX.  We didn’t enter a Long Put on BMY because the Implied Volatility is 22.09%.  However, we have an alert set at the 49 strike for a limit order entry.  The Bid/Ask spread is $0.06 cents.

(DISCLAIMER: THIS IS STRICTLY FOR EDUCATIONAL PURPOSES.  WE MAKE NO RECOMMENDATIONS FOR TRADING THESE POSTED EQUITIES NOR ARE PROMOTING ANY BROKERAGES OR FINANCIAL SERVICES. THUS THIS NOTICE RELIEVES US FROM ANY LIABILITY ON THE PART OF THE READER’S DECISIONS TO TRADE AND OR INVEST IN THE POSTED EQUITIES.)

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