Before reading, please see the disclaimer in the 'About Me' section.
The Wilshire 5000 closed at 12,408.90, down from 12,693.00, or 2.23%, since my post on 4/26/10. The Wilshire 5000 is now only 10.09% above it's 200-day moving average.
The Investor's Intelligence Survey was released on Thursday night. This week's reading was 54.0% BULLS, and 18.0% BEARS, for a spread of 36.0%. This is in comparison to a reading of 53.3% BULLS, and 17.4% BEARS, for a spread of 35.9% on April 20th.
The Volatility Index closed Friday at 22.05, up from 17.47 back on April 26th. We saw the VIX trade above the 20 level a few times this week, which we have not seen for quite some time.
Now for the portfolio...
1) Verizon at $28.90, down 10.94% for the year, inclusive of dividends.
2) AT&T closed at $26.26, up .42% for the year, inclusive of dividends.
3) GE closed at $18.86, up by 25.44% for the year, inclusive of dividends.
4) TBT, the doubleshort U.S. Treasury ETF closed at $45.16, down by 9.46% since my buy.
5) FXP, the doubleshort China ETF, closed at $40.93, down by 5.85% since my buy, and after a 1:5 reverse split which occurred a few weeks back.
6) GOOD closed at $16.20, up by 19.84% since my buy, including the reinvestment of a dividends.
7) NLY closed at $16.95, down by 1.40% since my buy, inclusive of a reinvested dividends
8) AAPL closed at $261.90, up by 35.17% since my buy.
Overall, the portfolio is up by 10.90% (6.13% for the DOW Dogs), versus 7.93% for the Wilshire 5000. The current basket of eight stocks that I am currently invested in, including dividends, is up 6.59% year-to-date. The spread between my performance and the overall market (Wilshire 5000) has increased to 2.97%.
As of right now, I am going to get back into Citigroup (C). I am going to buy the January 2012 $7.50 calls for $.44. I am going to buy 22 calls, which will control 2,200 shares. I like the long-term outlook for Citi, and the financial sector as a whole. It's a sight for sore eyes now that the market has given a discount on a lot of these names, mostly due to the Golden Slacks scandal.
Speaking of Goldman Sachs (GS), if Goldman trades down near $135/share, I will be adding that name to once again fill all ten slots of the portfolio. Stay tuned.
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