ETF Weekly Ranking

January 31, 2009

Rank

ETF

Entry Date

% Initiation

%YTD

%3mths

%1yr

1

GDX

02.Feb.2009

0%

1%

63%

-32%

2

DTO

02.Feb.2009

0%

23%

165%

3

DGP

02.Feb.2009

0%

12%

59%

4

DEE

02.Feb.2009

0%

-11%

72%

5

SLV

02.Feb.2009

0%

12%

31%

-26%

Disclaimer: Please note I use a propriety method to rank the ETFs every week. I will have posts on my computations soon.


NetFlix – NFLX

January 28, 2009

NFLX- 6 months daily

Reasons:

  • Netflix caught my attention late morning (27.Jan.2009) due the volume. It was almost twice its regular daily volume.
  • The news that went along was very positive, they had a great quarter and it also made intuitive sense.
  • I made my first buy at $34.73 sometime early afternoon, there is no particular reason, I just made the buy when I had the time and when I was sure the volume was still rising. The exact dollar value doesn’t matter, but the day of purchase is important.
  • I have a tight stop set at $32.91
  • I will add to my position if the price keeps rising and if I see “decent” volume.
  • I also do like the 40% short position in the stock.

Dipping

January 24, 2009

DOW Jones Daily

The most anticipated event of the year has gone by, but the markets haven’t really cheered on. Expecting the markets to ignore underlying weakness in the economy might be unreasonable. What has to happen will happen….

But what can you and I do about it?? If you take a look at the DOW, we can’t help but notice that the 10.Oct and 21.Nov lows seem to be holding well. The volume doesn’t seem to be exhibiting panic when the DOW dipped below 8000 in Jan.2009. I feel it is time to slowly inch our way back into the market. A scaling approach might prove to be profitable. For those of us who have been sitting on the sidelines in Money Markets, this could be a good time to start “dipping”.

I have been and will continue to keep buying everytime the DOW goes below 8000. I will expose only 5% to 6% of my portfolio at a time and wait and watch. I have been using the same strategy in my retirement account as well. Let me make it very clear, I am not in pursuit to fish the bottom.


Historic Year – 2008

January 1, 2009

dow_20088

It is unfortunate or I should say fortunate, that I begin my blogging journey with this eye catching image which will haunt us for a long time to come. But let us welcome the new year with the worst behind us.