TRADING UPDATE
That would be trading commodities. My new little scheme is already down 5.2%, and it’s all of one week old!
Today the grains ETF actually ended the day slightly positive, given the beating they’ve been taking, and gold stocks – in Canada anyway – were up a little. There were probably some offsets in catching up to yesterday’s trading in US markets (in Canada it was a holiday). But the real action was in energy, and both oil and natural gas got hammered. And I ended up buying more …
| C-ETF TRADES | Trading Update # 168 | |||||
| # | Trade | Qty | Stock | Symbol | Price | |
| Bought | 21% | HBP NGas Bull+ ETF | HNU | @ | $5.33 | |
| Bought | 30% | HBP CrOil Bull+ ETF | HOU | @ | $9.07 | |
| Qty % are amount by which shares counts are decreased/increased | ||||||
And this leaves us with the following results.
| ********************************************************************** | ||||
| PORTFOLIO SUMMARY | 2-Jul-09 | |||
| GAIN | WGT | |||
| COMMODITY ETFs | 21.6% | |||
| REAP | 78.4% | |||
| Total Equity (Cdn) | -28.8% | 100.0% | ||
| ********************************************************************** | ||||
| C-ETF PORTFOLIO | C-ETF | |||
| (Cdn Dollars) | ||||
| Inception 24 JUN 09 | -5.2% | |||
| CETF POSITIONS | ||||
| ETF | SYM | LAST | GAIN% | WGT |
| HBP DJIA Ag Bull+ ETF | HAU | $19.32 | -10.4% | 24.9% |
| HBP GoldSh Bull+ ETF | HGU | $11.90 | 1.4% | 6.7% |
| HBP NGas Bull+ ETF | HNU | $5.03 | -13.3% | 15.8% |
| HBP CrOil Bull+ ETF | HOU | $8.84 | -0.7% | 11.4% |
| Cash | 41.2% | |||
| ********************************************************************** | ||||
Since I’ve taken a bearish outlook for equities in the near-term, I’m starting to doubt whether its wise to be so long commodities, especially if the prognosis is for reduced economic activity. Time to stay focused.
There were no REAP trades.
Cheers,
Allocator
a.k.a. George Parkanyi
1 Comment
July 2, 2009 at 10:00 pm
Commodities????
Ouch.
Jeff