Dear Club Members:
We had a great week this week!
We entered the C Fund at 1280. We exited the C Fund today at 1320. Even I was not expecting 1320 as a closing price. Everyone should feel pleased. A special shout out to Terry who entered the C Fund on a down day (Friday). Terry's entry took courage. He is to be commended.
Terry's Model Portfolio is up 95.79% for the week. We surpassed the 2010 performance record for Bridgewater Associates. Our goal remains 100% by November 21, 2011. I am waiting for the right opportunity, clear overbought conditions in a down trend. We are also approaching a long holiday weekend which may provide opportunities as well.
The take away point is that we saw opportunity this week. We executed. We closed out the trade and preserved our profits. It is likely that tomorrow will show a higher high but that higher high will not be sustainable. Watch the closing price tomorrow. Is the closing price lower than the opening price? Is the closing price higher than the opening price? Is tomorrow an Inside Day? These traits will signal that the time is nigh to short this overbought market in a down trend.
A toast to everyone on a good week,
Wink
Standard Disclaimers
1. This blog is for educational purposes only.
2. None of the individuals associated with the Las Vegas TSP Investment Club are registered financial advisors.
3. This blog is not an offer to the public to buy or sell any stocks, options, commodities or futures.
4. You are encouraged to do your own due diligence and to consult with a professional financial advisor before making any investment decision.
5. This blog cannot take responsibility for the results of your investment and trading decisions.
Wink
ReplyDeleteThanks as always for the quality insight. If I had not been traveling this week I would have been in a position to monitor closer and would have made a little more but, I am very happy with what I managed to profit.
Next time Im in Vegas, I owe you a beer.
Terry