Mark McMillan now makes his Market Behavior Traded ETF Strategy available to his clients on a daily basis.
The McMillan Portfolio
As of Friday, June 26th, we logged gains of $7,482 on closing our options trades with gains of 75% - 96.7%. We have realized gains of on our closed trades in our long term portfolio. Our unrealized gains in the LT portfolio are at 66.8% with dividends contributing nearly $1,900 overall. The account has achieved gains of nearly 53% in 2009 and we are sitting on nearly $96K in cash.
We are maneuvering to enter some short/intermediate term trades in the portfolio but have been unable to find the set-ups we are looking for. At this time, the NASDAQ-100s large cap tech stocks continue to move higher while the Dow Jones Industrial Average and S&P-500 appear to be weakening. The Russell-2000 and Semiconductor indexes are ready to commit one way or the other but it is unclear which direction they will move.
Fundamentally, the semiconductors appear ready to lead the markets higher as does large cap tech. With market participants looking to take on more risk, the Russell-2000 should move higher as well. Of course, the problem is that the markets have moved so far off of the bottoms they fell to in early March. There is seasonal strength going into the July 4th holiday which means the markets could continue to move higher through Thursday. Next week could be quite a different story.
Given our mixed outlook, we will be cautious in entering new positions but expect to provide a trade recommendation in the coming week.
Long Term Portfolio
Inception Date 10/24/2008
$100,000.00 is allocated to our long term portfolio
Dividends Earned in 2009:
$1,496.00
Dividends Earned/Paid since 6/15/2009:
None
Dividends Earned Total:
$1,871.00
Trade Log:
Commissions Paid: $182.00
As of December 31, 2008
|
Cash Position |
Reserved Cash: |
Free Cash: |
|
$79,883.11 |
$49,000.00 |
$30,883.11 |
Interest Earned on Cash Balance last month: $191.11
As of June 19, 2009
|
Cash Position |
Reserved Cash: |
Free Cash: |
|
$95,526.47 |
$0.00 |
$95,526.47 |
Performance for 2008: +1.1%
Portfolio Value on Jan 2, 2009 (Baseline for 2009 performance): $101,191.11
Performance for 2009: +52.84%
Portfolio Value: $154,663.47
Cumulative Performance: +54.7%
There are no fixed stops to this portfolio, but we will actively monitor and manage positions. Cash balances will earn modest interest rates, depending on average daily balance in money market accounts. All transactions are assumed to cost $7 per trade. Each broker charges different amounts per trade, depending on trade frequency, size of the trade, trade type, etc. Check with your broker to determine your actual costs.
Trading (Short/Intermediate Term) Portfolio
Inception Date 05/8/2009 or whenever we initiate the first trade
$100,000.00 is allocated to our trading (short/intermediate term) portfolio.
We still expect to enter trades any day. Please check your email/website to ensure you are able to enter the trades optimally.
Current Positions:
We have yet to initiate positions in this portfolio.
Commissions Paid: $0.00
Interest Earned on Cash Balance last month: $0.00
As of May 18, 2009
|
Cash Position |
Reserved Cash: |
Free Cash: |
|
$100,000.00 |
$0.00 |
$100,000.00 |
Performance for 2009 (through May 8, 2009): +0.0%
Portfolio Value: $100,000.00
Positions will be entered with primary and secondary target exit prices (with known/assumed profit targets). We will actively monitor and manage positions with the intention to optimize trade entry and exit. Cash balances will earn modest interest rates, depending on average daily balance in money market accounts. All transactions are assumed to cost $7 per trade. Each broker charges different amounts per trade, depending on trade frequency, size of the trade, trade type, etc. Check with your broker to determine your actual costs.
We hope you have enjoyed this edition of the McMillan portfolio. You may send comments to mark@stockbarometer.com.
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