Aug 14

Weekend Review and Watchlist

The market commentary part of this week’s review is going to be one of the shortest ever, because quite frankly not a whole lot changed. I have to admit, I tuned out the noise even more than usual this week, so I couldn’t necessarily tell you what people said, just what they were talking about, and that was China and death crosses, neither of which were relevant for me.

The simple fact is, the S&P remains rangebound, below its MA’s, and it put in another higher low. Accompany that with the prevailing bearish sentiment, and an eventual resumption higher remains the most likely course of action.

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The Alpha Capture portfolio was +0.4% this week, vs +0.7% for the S&P.

It’s now +11.4% YTD vs +1.6% for the S&P.

We had three exits all for losses: $IMS -8.0%, $SBNY -4.4%, and $KEY -4.2%. We also had two new entries, one of which was moved over from our list of trade ideas.

That leaves us with 7 names and 34% cash heading into next week.

ACCESS TO THE REST OF THIS REPORT IS AVAILABLE VIA SUBSCRIPTION. CLICK ON THIS LINK FOR COMMENTARY ON CURRENT POSITIONS, NEW ENTRY/EXIT SIGNALS, ADDITIONAL TRADE IDEAS, AND A COMPREHENSIVE WATCHLIST.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Aug 14

The StockTwits Must-Follow Podcast

Sean McLaughlin at StockTwits has put together an excellent series of interviews with some of the most popular traders and bloggers on social media, and I was flattered to be invited as his latest guest.

We talked about our mutual love of music before getting into how I got started in the business and the various roles that followed. Later we discuss the importance of position sizing, managing your risk of ruin, and a different way to view exits and your current portfolio, before touching on the subject of failure, and how it is often necessary to experience it to learn the lessons that will ultimately make you successful.

Take a listen – StockTwits – Must Follow Podcast – Jon Boorman

 

 

 

 

 

 

 

 

 

 

 

 

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