• Portfolio Management for June 22, 2015

    Last week was a combination of options expiration, FOMC, index rebalancing and Greek drama; this week features only the end of the Greek drama.

    On Friday, I made sure that the Portfolio would be neutral for today. This means that there is a high probability that some positions will not turn out well. The Portfolio is indeed 50% long and 40% short.

    As you can see below, all the energy-linked trade ideas issued an alert on Friday and I had a hard time selecting the right one. I waited for about 15 minutes and then selected NBL because it was displaying a spike of selling volume but the price had not yet dropped too low.





    The list for today is below. Beware not to be caught in a "sell the news" type of environment. If we open on a strong gap, the best is to NOT buy the gap but instead wait to see how the market stabilizes. If large players put new money in equities, then AAPL, AMZN, FB, NFLX and all the hot biotech or the security/software sectors will move up, because they are neither linked to interest rates nor to energy.