This newsletter reflects our opinion on, and strategy in the markets and is no investment advice in any way. Please read our disclaimer
Weekly Issue nr 160 May 14 2012
TODAY MONDAY MAY 14 WE BUY 500 SDS AT MARKET PRICE
TODAY MONDAY MAY 14 WE BUY 300 GLL AT MARKET PRICE
DAILY PORTFOLIO UPDATE: ALL TRADES ARE ANNOUNCED HERE REAL TIME ABOUT THE AUTOR
_________________________________________________________________________________________________________________
|
Dsi portfolio: from start (febr 09 2009 - 50.000$) +78.49%
S&P500 +55.78% . ( situation May 13 2012)
LAST WEEK: Last week our portfolio gained +- 0.3%, SP 500 lost +- 1.2%.
Tuesday May 08 we sold 300 Oil at 23.91$, and we bought 800 SDS at 16.19$ and bought 300 GLL AT 18.02$ . ( all trades announced real time)
INVESTMENT STRATEGY: We switched our strategy from neutral to more negative. We don't expect a real disaster, but moderately lower prices the weeks ahead. We don't exclude a small rebound the next few days before heading into more negative territory. We don't exclude extra short positions. Stay tuned.
We sold our Oil position to limit volatility. Once prices are bottoming out a little , we'll probably re-enter. As we already predicted several weeks, Gold tested the 1580$-1600$ barrier. We expect a further fall, probably after a short rebound; we don't exclude extra short positions.
More than ever we believe EUROZONE INVESTORS SHOULD DIVERSIFIE IN OTHER CURRENCIES . (Australian dollar, Swiss franc , Norvegian krone). We don't buy U.S. Dollars anymore.
Our prudent attitude will be the most rewarding long term strategy; As long as markets are bullish ( as they were the last 2 years) the difference isn't that hughe; but now, since more serious corrections are happening, we will outperform markets more and more.
List of transactions at bottom of this page |
DOWNSTREAMINVESTOR PORTFOLIO:
CASH 70772.95$
800 SDS (+500)
300 GLL (+300)
TOTAL: 89245.95$
SITUATION ON 05/13/2012
OUR RETURN +78.49% S&P 500 +55.78%
( START FEBRUARY 09 2009)
Important:We always do ( and announce REAL TIME) our transactions at approximately 10.30 A.M. Eastern time ( 16.30 w- europe); brokerfees, taxes etc.. are NOT incalculated in our result; therefore real results will be different. ( transactions list at end of newsletter )
![[Most Recent Exchange Rate from www.kitco.com]](http://www.weblinks247.com/exrate/24hr-euro-small.gif)
please refresh page for most recent quotes
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/images/live/s_gold.gif)
|
_ ___________________________________________________________________________________________________________________
OUR OPINION ON THE MARKETS
General situation: After a week of lower prices, markets eased a little. We expect a limited technical rebound the days ahead, probably followed by a further correction. We believe markets are going moderately lower the weeks ahead. We still avoid the Eurozone , the problems in Southern Europe remaining a serious threath. We believe Limited Short positions can be justified.
SP 500 1 year + slow stochastics Courtesy of http://www.stockcharts.com/
China: CSI300 pulled back a little after a several weeks climb. A more negative global sentiment probably will weigh on Chinese markets , and inhibit ( temporarily) a further climb. Anyway we prefer to wait before entering.
Dollar versus Euro: Further strengthening of Dollar versus Euro, altough we don't exclude a limited technical rebound. More than ever we believe Eurozone investors should diversifie in more stable currencies. ( Australian Dollar , Swiss Francs..)
Base metals: No changes :Consolidation period at actual ( rather low) levells. We don't expect important changes the days ahead and AVOID BASE METALS AND RELATED VALUES.
Courtesy of http://www.kitco.com/
Oil: No changes: Last weeks more severe correction continued. We intend to re-enter as soon as prices are bottoming out: The uncertain geopolitical situation in the Persian gulf in mind, a limited oil position could be interesting. In a longer term we still believe in higher prices, even without increasing tensions.
Brent crude oil in dollar Courtesy of www.oil-price.net
Gold: As we already predicted several weeks, Gold further lost ground and tested the 1580$ - 1600$ barrier. A limited technical rebound can't be excluded, probably followed by even lower prices. WE AVOID GOLD!!!.
Courtesy of http://www.kitco.com/
LIST OF TRANSACTIONS
BUY SELL CASH
_______________________________________________________________________________________________________________
11/28/2011 100 dgp 58.10 5810 76622.55
12/12/2011 100 dgp 54.55$=5455 82077.55
12/20/2011 120 QLD 80.95 9714 72363.55
01/03/2012 200 SSO 48.3=9660 62703.55
01/03/2012 300 OIL 26.05 =7815 54888.55
01/12/2012 200sso 48.85= 9770 64658.55
02/01/2012 250 sso 50.08 =12520 52138.55
02/16/2012 20 AAPL 494.1=9882 42256.55
02/23/2012 20 aapl 515.8= 10316 52572.55
03/02/2012 250 sso 55.46 = 13865 66437.55
03/07/2012 300 OIL 26.82 =8046 58391.55
03/08/2012 100 QLD 108.3=10830 47651.55
03/08/2012 150 SSO 54.80= 8220 39431.55
03/29/2012 220 QLD 118.52= 26074.4 65505.95
03/29/2012 300 OIL 26.03= 7809 73314.95
04/04/2012 150 SSO 57.62=8643 81957.95
05/08/2012 800 sds 16.19 = 12952 69005.95
05/08/2012 300 oil 23.91 = 7173 76178.95
05/08/2012 300 gll 18.02 = 5406 70772.95
05/14/2012 500 sds 16.36 =8180 62592.95
05/14/2012 300 gll 18.92 = 5676 56916.95
_________________________________________________________________________________________________________________
Transactions 2009 see issue nr 48 NEXT ISSUE MAY 21 2012