Wall Street Rebel Weekly Newsletter Review
The goal of Wall Street Rebel is to give you a glimpse at the content which can be found in Gold & Energy Investor, Superstock Investor, Gold & Energy Options Trader and Options Index Trader.
Next week we will begin a new portfolio in Gold & Energy Investor. The portfolio will be managed by Geoff Garbacz and James DiGeorgia in a team approach. Over the years, we have done a great job in this space and feel this is the time to start a new portfolio.
Superstock Investor continues to plug along. We are currently 50% invested. From our mid week update we gained 0.82% while the S&P 500 rose 1.20%. Considering we are 50% and should have seen the portfolio rise 0.60% we are happy with the results. The trick is to get invested without buying at a top.
Last month we added one new name in the media space that beat earnings this week by three cents and gave favorable guidance. Our market timing tool The Madison Letter has moved to cash as of July 8th and we remain watchful it to move back to a buy.
Gold & Energy Options Trader initiated a new position on the put side on Friday and it rose 5%. We are looking for a quick return on that trade next week. We have one other position that was initiated on the call side of energy. It appears energy may have bottomed this past week.
Options Index Trader was able to lock in gains this week of 24.07% on DIA Calls and 13.38% on SPY Puts. We just initiated a new position on TLT. Which side? Take a free spin to find out.
All in all, a great week for the first week of August.
Geoff & James