Read the story here. Advertise at Before It's News here.
Profile image
By Philstockworld (Reporter)
Contributor profile | More stories
Story Views
Last hour:
Last 24 hours:

PhilStockWorld August Portfolio Review – Part 1

% of readers think this story is Fact. Add your two cents.

Actually, this is kind of part 2, as we reviewed the LTP in yesterday’s Report.

The Dow fell 500 points from Tuesday’s close at yesterday’s low and we’re not cutting back our positions because of that but we are cutting back our positions because THAT is how easily this market can fall.  We’ve had a very low-volume rallly, petty much for the last 18 months and the problem with low-volume rallies is they don’t tend to build any support – so you can give up your gains with incredible speed.  

Yesterday’s drop erased the entire month of August’s gains as we got back to 35,000 on the Dow and our strong bounce line is 35,200 – which is right where we are this morning but I think we’ll fail and head lower and there’s no real support until 34,000 – which is only down 5% – so not a big deal, even if it happens.  

Key support for the S&P 500 is 4,200.  On the Nadaq it’s 14,500 and on the Russell – back to 2,000 – 10% lower than we are now.  Although we are very well-hedged for a 10% drop – why ride it out.  We had a lot of trades in our Long-Term Portfolio that already made a lot of money and protecting those gains is expensive (hedging costs) so it’s easier and smarter to just get back to CASH!!! and let September play out before jumping back in.   This is something we did almost exactly two years ago – and we certainly didn’t regret that.  

Money Talk Portfolio Review:  There’s not much to review here as we only adjust the MTP when I’m on the show, which I will be in two weeks.  Being up 100% is a nice place to quit and start a new portfolio but we’ll decide in two weeks.  We actually lost a little ground from last month as we’re now only up 95% at $195,008 from $199,489 in our last review.  As it’s a touchless portfolio other than our quartely Televised adjustments, these are generally bullet-proof positions so we’ll see what we can bear to part with:  

  • GOLD – This is a $17,500 spread currently with a net $1,175 credit so

Provided courtesy of Phil’s Stock World.

To read the rest of this article now, along with Phil’s live intra-day comments, live trading ideas, Phil’s market calls, additional member comments, and other members-only features – Come to the winning side at Phil’s Stock World by clicking here.

To sign-up for a free trial membership, click here.


Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Please Help Support BeforeitsNews by trying our Natural Health Products below!

Order by Phone at 888-809-8385 or online at M - F 9am to 5pm EST

Order by Phone at 866-388-7003 or online at M - F 9am to 5pm EST

Order by Phone at 866-388-7003 or online at M - F 9am to 5pm EST

Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!

HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation.

Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.

MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)

Oxy Powder - Natural Colon Cleanser!  Cleans out toxic buildup with oxygen!

Nascent Iodine - Promotes detoxification, mental focus and thyroid health.

Smart Meter Cover -  Reduces Smart Meter radiation by 96%! (See Video).

Report abuse


    Your Comments
    Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

    Load more ...




    Email this story
    Email this story

    If you really want to ban this commenter, please write down the reason:

    If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.