End of the World Update

So it's 12/21/12 and the world has not ended as 1 in 10 people had been expecting.. lol. In a way, I am amazed at how some people think. But I guess I better not get ahead of myself since the day is not over yet.. but I'm going to guess we'll still be here tomorrow, next year and the next 5000 years. And I wonder if in 5000 years people will be talking about the Mayan Calendar again..

Anyhow, the market did not sell off as hard as I had been expecting. Futures looked really bad last night after Boehner announced his plans had collapsed. But the market found support at the previous year high around the 1423 level and it managed to bounce and close at the Trend Average. So things are not as bearish as of yet, we'll just have to see what Obama and the Democrats can do. Maybe they'll use this opportunity and come out as the saviors of the economy. The world has been rallying and the US is being held back by the Fiscal Cliff, so if a solution is found there will be a huge catch up rally.

I didn't take profit as I don't see a topping sign just yet, so will be holding on until I see some key levels breached.

Have a Good Weekend! unless all clocks stop and the world collapses exactly at midnight :)

Main S&P 500 Trends

Short Term Trend = Bullish

Medium Term Trend = Neutral Leaning Bullish (change of trend imminent if market remains above the TA)

Long Term Trend = Bullish

Long Term Portfolio

• 100% Long in Red Chips traded in HSI (Mainland China stocks traded in Hong Kong) since September 2012. Only position trading 30-40% of portfolio for cost improvement.

Short Term Margin Trading Strategy 

• Bought 30 AAPL @ $509.50 as of 12/14/2012 on margin - Closed @514.50 on 12/17/2012. = +5.00
• Bought 1000 XIV @18.62 as of 12/13/2012 on margin - Closed @18.70 on 12/14/2012. = +0.08
• Bought 1000 XIV @18.80 as of 12/05/2012 on margin - Closed @18.88 on 12/07/2012. = +0.08
• Bought 1000 XIV @18.41 as of 12/04/2012 on margin - Closed @18.63 on 12/05/2012. = +0.22
• Bought 500 VXX @29.23 on 12/03/2012 - Closed @30.12 on 12/03/2012. = +0.89
• Bought 500 VXX @30.77 on 11/23/2012 - Closed @29..68 on 11/27/2012. = -1.09
• Bought 500 VXX @31.54 on 11/20/2012 - Stopped out @31.11 on 11/21/2012. = -0.43
• Closed position 500 @ 18.26 on 11/20/2012. Sold 500 @ 17.79, raised stop to break even on the other 500 as of 11/19/2012. Bought 1000 XIV @15.98 as of 11/15/2012 on margin - position trade cost improvement 4 cents, so net cost $15.94 as of 11/16/2012 - Profit = $2.05 
• Bought 1000 XIV @16.88 as of 11/14/2012 on margin - Stopped out @ 16.66 on 11/14/2012. = -0.22
• Bought 1000 XIV @15.67 as of 11/08/2012 on margin - sold 1000 XIV @ 16.25 on 11/12/2012 = +0.58
• Margin positions in Gold initiated 11/06/2012.

Net Profit since 11/08/2012 on open and closed short term positions = $2,625*

* Margin position is usually $15-20k

* Margin position in gold is $4k

Retirement Goal 

As of 12/18/2012 - 10.8%*

* Percentage gain for total liquid portfolio dated September 2012, Goal is to double portfolio for retirement by September 2015.