Whether its Blogging, trading or whatever is on your to do list, sometimes life happens, right? Well, thats been the case with my Chaikin Portfolio, and my blogging the last several weeks. So, lets catch up!
I've recently added three names to my Chaikin Portfolio. I wanted to have a little exposure to financials ahead of the the FOMC meetings in July and June, the XLF has been performing well as the expectation is the Fed will raise again either in June or July. To that end, I initiated a trade's in Genworth Financial ( $GNW) and Aflac ($AFL). Both have primary business in the insurance space, which, in addition to banks, should benefit from a higher rate environment. I also added an industrial, the XLI has been a strong performer all year. I added Textron ($TXT), the are a conglomerate in industrials, their main business are the manufacturing of small aircraft.
Here's a look at what the sectors have looked like the past 8 weeks.
Now, lets take a look at my Chaikin Portfolio:
As you can see, my biggest winner is $NI, which is a utility. Up nearly 14% since I picked it up back on 2/8/2016. I'm also doing "OK" on AT&T up nearly 6% and OmniCom Group, up nearly 5%. All and all not stellar performance so far this year. I suppose partly due to the fact that I haven't had the time to monitor and maintain the portfolio the way i'd like as well as the portfolio being under invested during the last big leg up, i just didn't have confidence in the rally, oopps.
As we once again have reached key levels in the S&P, and as Mike and I have discussed on our video's as of late, we don't believe we're going to punch though S&P 2100 in the near term, at the same time we don't believe the bottom is going to fall out of the market. Might be prudent to employ a premium selling strategy and collect a little Theta as the market looks for direction through the summer.
I will try and do a much better job of maintaining this blog .... hold me to it!
Happy Trading & Happy Memorial Day.