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2014 September Update


The portfolios and capital gains summaries are current to the end of the month. There was hedging activity as well as investment activity this month.


Comprehensive Strategy, stocks

Selection list

The list was generated before the September 26 market opening. Price histories, adjusted for splits and dividends, were downloaded from Yahoo:

            Stock                   Trend   Price    Group and End Market  
----------------------------------  -----  -------  -----------------------
FNHC   Federated National Holding   246      24.01  Insurance            US
EMES   Emerge Energy Services       225 X   108.72  Oil & Gas            US
DISCA  Discovery Communications     218 X    38.09  Util, Telecom      intl
TLF    Tandy Leather Factory        205       9.52  Apparel         US/intl
AN     AutoNation Inc               205 X    49.98  Autos & Trucks       US
MPAA   Motorcar Parts               203      27.37  Auto Parts       US/Can
GILD   Gilead Sciences              193     107.34  Biotechnology      intl
MU     Micron Technology            190      31.70  Semiconductors     intl
CAR    Avis Budget Group            190 X    59.11  Rental Servs       intl
FOE    Ferro Corp                   180      14.60  Chemicals       US/intl
FANG   Diamondback Energy           174 X    72.60  Oil & Gas            US
GMK    Gruma SAB de CV              173      42.10  Packaged Goods  US/intl
STZ    Constellation Brands         170      86.76  Beverage, Hard  US/intl
BAM    Brookfield Asset Mgmt        169      45.48  Real Estate        intl
HCLP   Hi-Crush Partners            168 X    53.33  Basic Matls          US
AER    AerCap Holdings              168 X    42.07  Rental Servs     US/Rus
ANIK   Anika Therapeutics           168 X    37.57  Biotechnology   US/intl
GY     GenCorp Inc                  163 X    16.37  Aerosp & Def         US
DAL    Delta Air Lines              161      36.66  Airlines           intl
CSCD   Cascade Microtech            159 X    10.51  Semiconductors     intl

Portfolio

I sold EADSY because it developed a downtrend.

BAM was disqualified because it is in the Real Estate group. All others were disqualified because they were more than halfway towards a trend reversal, I already owned them, or they were in the same groups and end markets as stocks I already owned. Consequently I added to my position in GMK, bypasing MPAA, GILD, and MU because their market values already exceeded the tranche size:

Stock        Group and End Market     Qty       Start            End       
----------  -----------------------  ----  ---------------  ---------------
EADSY       Aerosp & Def       intl  1000  12/13/13 18,548  09/02/14 15,367

Stock        Group and End Market     Qty       Start        End of Month  
----------  -----------------------  ----  ---------------  ---------------
AWH         Insurance            US   600  03/27/14 20,356  09/30/14 22,104
CPA         Airlines       Latin Am   150  08/27/13 19,904  09/30/14 16,094
GILD        Biotechnology      intl   300  04/25/14 22,206  09/30/14 31,935
GMK         Packaged Goods  US/intl   500  05/27/14 20,416  09/30/14 21,405
GMK         Packaged Goods  US/intl   700  09/26/14 29,505  09/30/14 29,967
HCLP        Basic Matls          US   500  06/27/14 31,412  09/30/14 25,780
KS          Paper           US/intl  1000  07/25/14 32,772  09/30/14 27,970
MPAA        Auto Parts       US/Can   700  02/27/14 17,135  09/30/14 19,047
MPAA        Auto Parts       US/Can  1000  08/27/14 30,055  09/30/14 27,210
MU          Semiconductors     intl  1000  09/27/13 17,935  09/30/14 34,260
MWE         Oil & Gas            US   300  12/15/11 16,044  09/30/14 23,046

Capital gains

 Dec    Jan    Feb    Mar    Apr    May    Jun    Jul    Aug    Sep   Stock
-----  -----  -----  -----  -----  -----  -----  -----  -----  -----  -----
                             1182    962    312  -1206    588    -90    AWH
16015                                                                  AFSI
 2877  -5015  -3607                                                    BBSI
              -3161                                                    BCOR
  690  -1965   7569                                                    BITA
               7013  -3120  -1889                                      BITA
 4545   2265   3840  -6255  -4661                                      CAMP
 -682  -1554   -106  -2040                                              CHL
 1303  -4411    714   1459  -1486   1148    -54   1394  -4333  -2353    CPA
 8610   -893                                                           DXPE
       -4790   1430  -1708   4570 -10910     55                        DXPE
        -868    590   -320   -900    860  -1180  -2370    990     17  EADSY
                                    2167    510   2592   4803   -333   GILD
                                     559   2950  -1985    890  -1425    GMK
                                                                 462    GMK
                                            183  -1010   3990  -8795   HCLP
  629                                                                  JAZZ
 2410   6275     71  -3316  -3122                                      JAZZ
                                                 -3032   1000  -2770     KS
 1670  -6565   -596                                                     LAD
                      1464    609  -2534    371  -1463   5642  -2177   MPAA
                                                          265  -3110   MPAA
  650   1290   1150   -530   2460   2470   4360  -2400   2050   1660     MU
 -882   1218  -1902    441   -594   -417   2889   -534   2979   -873    MWE
 -605  -5655   -547                                                     OCN
  240   1120   1820   -160  -3120  -2680    -28                        PGTI
 1381  -3143  -2580                                                    SLCA
-----  -----  -----  -----  -----  -----  -----  -----  -----  -----  -----
 6821 -22691  11697 -14085  -6951  -8385  10368 -10014  18864 -19787  Total

Comprehensive Strategy, call options

Selection list

The list was generated before the September 26 market opening. Price histories, adjusted for splits and dividends, were downloaded from Yahoo:

            Stock                   Merit   Price    Group and End Market  
----------------------------------  -----  -------  -----------------------
PII    Polaris Industries           479     149.79  Recreation      US/intl
HD     Home Depot, The              435      91.90  Home Furnish         US
CMCSK  Comcast Corp                 381      53.72  Util, Telecom      intl
CMCSA  Comcast Corp                 377      53.94  Util, Telecom      intl
AZO    AutoZone Inc                 357     504.62  Auto Parts           US
MCK    McKesson Corp                336     194.01  Drugs           US/intl
ACT    Activis plc                  324     244.53  Drugs              intl
LYB    LyondellBasell Ind           319     110.06  Chemicals          intl
CI     Cigna Corp                   306      91.72  HC Plans        US/intl
DFS    Discover Financial           291      63.65  Credit Servs         US
BIIB   Biogen Idec                  273     333.40  Biotechnology   US/intl
STZ    Constellation Brands         263      86.76  Beverage, Hard  US/intl
LUV    Southwest Airlines           228      33.64  Airlines             US
CAR    Avis Budget Group            224 X    59.11  Rental Servs       intl
GILD   Gilead Sciences              219     107.34  Biotechnology      intl
EMES   Emerge Energy Services       201 X   108.72  Oil & Gas            US
DAL    Delta Air Lines              194      36.66  Airlines           intl
MU     Micron Technology            193      31.70  Semiconductors     intl
HCLP   Hi-Crush Partners            176 X    53.33  Basic Matls          US
FANG   Diamondback Energy           165 X    72.60  Oil & Gas            US

Portfolio

I purchased LUV, which serves a completely different market than CPA. All others were disqualified because I already owned them or they are in the same groups and end markets as stocks I already own.

Option       Group and End Market     Qty       Start        End of Month  
----------  -----------------------  ----  ---------------  ---------------
ACT15C95    Drugs              intl    2   03/27/13  1,910  09/30/14 29,740
CAR15C35    Rental Servs       intl    7   05/24/13  3,793  09/30/14 14,420
CI15C60     HC Plans        US/intl    3   01/25/13  2,317  09/30/14  9,555
CMCSK15C37  Util, Telecom      intl    5   12/14/12  2,047  09/30/14  8,600
DFS16C60    Credit Services      US    3   03/27/14  1,918  09/30/14  2,631
HD15C77.5   Home Furnish         US    3   09/27/13  2,089  09/30/14  4,515
HD16C92.5   Home Furnish         US    3   08/27/14  1,984  09/30/14  2,145
LUV16C35    Airlines             US   10   09/26/14  3,826  09/30/14  3,800
LYB15C70    Chemicals          intl    3   07/26/13  2,200  09/30/14 12,090
PII15C87.5  Recreation      US/intl    2   02/27/13  2,750  09/30/14 12,520
PII16C130   Recreation      US/intl    2   06/27/14  3,426  09/30/14  5,800
PKG16C72.5  Packaging      N Am/Eur    3   02/27/14  2,452  09/30/14  1,140
PPC16C22.5  Meat Prods      US/intl   10   04/25/14  4,756  09/30/14 10,100
ROST15C65   Apparel              US    3   06/27/13  2,488  09/30/14  3,180
STZ15C65    Beverage, Hard  US/intl    3   10/25/13  2,284  09/30/14  6,660
UNP16C87.5  Railroads            US    2   01/27/14  1,639  09/30/14  4,610
UNP16C105   Railroads            US    3   07/25/14  2,335  09/30/14  3,270

Capital gains

 Dec    Jan    Feb    Mar    Apr    May    Jun    Jul    Aug    Sep  Option
-----  -----  -----  -----  -----  -----  -----  -----  -----  -----  -----
 3372      0      0      0   8128   1900   2040  -1460   2060   3520    ACT
 1500    -89                                                            AZO
    0   1400   1589   2821   2660   2450   1540  -1750   8260  -9170    CAR
    0   1725  -2712    888   -720   2835    735    -45    735   -765     CI
    0      0      0      0   3850    450    750    750    -50    -50  CMCSK
   45    608                                                            DFS
                             -238    261    348    -36     57    321    DFS
  -45   -340                                                            DRI
         -10      0      0  -1149     90   1200    750     71           FDO
  -50  -2302                                                            GME
 1493  -1435      0   3135  -1300  -3050     75  -1475  -1062          GNRC
  171  -1155    630   -540    -45    -30    135    -60   3060   -240     HD
                                                          251    -90     HD
                                                                 -26    LUV
  534      0   1623   1143    540   1920   -360   2970   1422   -702    LYB
 -291  -1482     36    435   -351   -915    -23                        PETM
    0      0      0      0   5660   -540   -260   3780   -340    640    PII
                                            -10   2484   -200    100    PII
                       368  -1110    -90    150   -390   -270     30    PKG
                                    1544   1400    900   1200    300    PPC
-1188      0      0      0  -1404   -180   -477   -363   2220      0   ROST
   90   1278    942    300   -750   1020   1200   -900    570   -180    STZ
   50    620                                                            UNP
                311    689   -149    480    300   -190    900    630    UNP
                                                  -460    753    642    UNP
-----  -----  -----  -----  -----  -----  -----  -----  -----  -----  -----
 5681  -1182   2419   9239  13622   8145   8743   4505  19637  -5040  Total

Comprehensive Strategy, hedges

Selection list

The list was generated before the September 2 market opening. Price histories, adjusted for splits and dividends, were downloaded from Yahoo:

            Stock                   Trend   Price    Group and End Market  
----------------------------------  -----  -------  -----------------------
EHTH   eHealth Inc                  -112     24.54  HC Plans             US
ADEP   Adept Technology              -98      8.07  Machinery          intl
ZU     zulily Inc                    -87     32.80  Retail,Variety  N Am/UK
SQI    SciQuest Inc                  -79     15.97  Software           intl
SINA   SINA Corp                     -75     46.18  Internet Servs    China
CLF    Cliffs Natural Resources      -71     15.07  Basic Matls        intl
AGI    Alamos Gold                   -71      9.21  Precious Metal     intl
UTEK   Ultratech Inc                 -70     25.86  Semiconductors     intl
CVT    Cvent Inc                     -63     25.12  Software           N Am
HSTM   Healthstream Inc              -63     25.96  Info Servs           US
BSFT   BroadSoft Inc                 -62     23.86  Software           intl
STAA   STAAR Surgical                -61     11.51  Medical Sups       intl
NTLS   NTELOS Holdings               -57     13.19  Util, Telecom        US
EGHT   8x8 Inc                       -56      7.77  Util, Telecom        US
CNSI   Comverse Inc                  -56     24.69  Util, Telecom      intl
KBR    KBR Inc                       -56     22.02  Business Servs     intl
AEIS   Advanced Energy               -55     19.25  Electron Eqpt      intl
WMAR   West Marine                   -52     10.97  Retail,Special       US
AWAY   HomeAway Inc                  -51     33.20  Info Servs         intl
REGI   Renewable Energy              -50     12.16  Oil & Gas            US

Portfolio

The number of hedges required was 1.5 for the purchases of MPAA and HD15C92.5 on August 27 minus 1 for the sale of EADSY on September 2. I purchased ADEP, bypassing EHTH because I already owned it:

Option       Group and End Market     Qty       Start        End of Month  
----------  -----------------------  ----  ---------------  ---------------
ADEP11P7.5  Machinery          intl   60   09/02/14  5,611  09/30/14  3,300
AEO11P10    Apparel         US/intl   30   04/10/14  3,632  09/30/14    150
ARCO11P10   Restaurants    Latin Am   40   04/10/14  5,239  09/30/14 16,000
BDE11P10    Recreation      US/intl    7   04/10/14    993  09/30/14  1,295
CLF01P15    Basic Matls        intl   40   07/02/14  9,027  09/30/14 21,200
DDD11P50    Computers       US/intl    6   04/10/14  4,651  09/30/14  3,474
DHX11P5     Business Servs  US/intl   60   04/10/14  3,055  09/30/14    600
EC11P35     Oil & Gas      Colombia   10   04/10/14  2,616  09/30/14  2,900
EHTH11P17.5 Insurance            US   30   08/01/14  5,551  09/30/14    750
KOF11P105   Beverage, Soft Latin Am    4   04/10/14  3,655  09/30/14  2,440
LITB12P5    Retail,Variety    China   60   05/02/14  7,855  09/30/14  2,100
MDCO01P25   Drugs              intl   14   04/10/14  6,221  09/30/14  3,780
NUAN01P15   Software           intl   20   04/10/14  2,744  09/30/14  1,900
NXST11P40   Entertainment        US   10   04/10/14  6,056  09/30/14  2,000
RAX01P32.5  Info Servs         intl   14   04/10/14  7,201  09/30/14  4,228
RNF01P15    Agriculture     US/intl   20   05/02/14  3,724  09/30/14  5,500
SINA12P50   Internet Servs    China   10   07/02/14  5,349  09/30/14  8,800
SINA01P55   Internet Servs    China    6   04/10/14  5,353  09/30/14  8,130
UTEK11P25   Semiconductors     intl   14   04/10/14  4,569  09/30/14  3,780
VIV11P20    Util, Telecom    Brazil   20   04/10/14  2,840  09/30/14  1,600
WTW01P20    Personal Servs     intl   20   04/10/14  9,024  09/30/14  1,960
XXIA11P12.5 Internet Servs  US/intl   30   04/10/14  5,012  09/30/14 10,200

Capital gains

 Dec    Jan    Feb    Mar    Apr    May    Jun    Jul    Aug    Sep  Option
-----  -----  -----  -----  -----  -----  -----  -----  -----  -----  -----
                                                               -2311   ADEP
                             -182    450   -960    510  -3060   -240    AEO
                             1361      0  -3600   1000   8400   3600   ARCO
                             -538     35    -70     35    840      0    BDE
                            -1442   -600   -272                         BWP
                                                 -3027   1560  13640    CLF
                             1091  -1272  -2160   1362  -1242   1044    DDD
                            -1555      0   -300   -600      0      0    DHX
                             -616   -300   -300    350   -300   1450     EC
                                                        -3751  -1050   EHTH
                             -335  -2040    320    280   -160    720    KOF
                                   -1855  -2400    300  -1800      0   LITB
                             -761  -2590   -350   1610  -1540   1190   MDCO
                              -44   -420  -1280      0    200    700   NUAN
                             -156  -1900  -2500     50   -150    600   NXST
                              354  -3100   -296                         PPO
                             2179  -5880   1120   1540  -2660    728    RAX
                                    -624  -1200      0    900   2700    RNF
                                                  1001    150   2300   SINA
                             2147    390  -2070    150    360   1800   SINA
                            -1349    490   2450  -2170  -1400   1190   UTEK
                              -40    300   -500   -400   -100   -500    VIV
                            -1224  -1600   -400  -1500  -1800   -540    WTW
                             -212    600    300   1050   2250   1200   XXIA
 ----  -----  -----  -----  -----  -----  -----  -----  -----  -----  -----
                            -1322 -19916 -14468   1541  -3303  28221  Total

Real Estate Fund Strategy

Portfolio

Option           Description          Qty       Start             End      
----------  -----------------------  ----  ---------------  ---------------
IYR15C64       US Real Estate ETF      3   11/27/12  1,825                 
IYR15C64       US Real Estate ETF      3   12/14/12  1,490                 
IYR15C69       US Real Estate ETF      3   01/25/13  1,225                 
IYR15C68       US Real Estate ETF      3   02/27/13  1,369                 
IYR15C70       US Real Estate ETF      3   03/27/13  1,180                 
IYR15C73       US Real Estate ETF      3   04/26/13  1,195                 
IYR15C73       US Real Estate ETF      3   05/24/13  1,264                 
IYR15C67       US Real Estate ETF      3   06/27/13  1,465                 
IYR15C68       US Real Estate ETF      3   07/26/13  1,450                 
IYR15C63       US Real Estate ETF      3   08/27/13  1,462                 
IYR15C65       US Real Estate ETF      3   09/27/13  1,336                 
IYR15C68       US Real Estate ETF      3   10/25/13  1,330                 
IYR16C65       US Real Estate ETF      3   11/20/13  1,495                 
IYR16C63       US Real Estate ETF      3   12/13/13  1,450                 
IYR16C65       US Real Estate ETF      3   01/27/14  1,294                 
IYR16C69       US Real Estate ETF      3   02/27/14  1,270                 
IYR16C67       US Real Estate ETF      3   03/27/14  1,288                 
IYR16C70       US Real Estate ETF      3   04/25/14  1,180                 
IYR16C72       US Real Estate ETF      3   05/27/14  1,060                 
IYR16C72       US Real Estate ETF      5   06/27/14  1,882                 
IYR16C73       US Real Estate ETF      5   07/25/14  1,912                 
IYR16C74       US Real Estate ETF      5   08/27/14  1,897                 
IYR16C70       US Real Estate ETF      5   09/26/14  1,887                 

Capital gains

 Dec    Jan    Feb    Mar    Apr    May    Jun    Jul    Aug    Sep  Option
-----  -----  -----  -----  -----  -----  -----  -----  -----  -----  -----
-1900    780   4487   -778   3215   3885   1785   2935   7015 -20148    IYR

Easy Strategy

Portfolio

This portfolio is empty.

Capital gains

 Dec    Jan    Feb    Mar    Apr    May    Jun    Jul    Aug    Sep  Option
-----  -----  -----  -----  -----  -----  -----  -----  -----  -----  -----
 2944  -5285   5971    674    -89      0      0      0      0      0    SPY

Irregular Strategy

Selection list

The list was generated before the September 26 market opening. Price histories, adjusted for splits and dividends, were downloaded from Yahoo:

                 Fund                         Merit   Price    Asset Class
--------------------------------------------  -----  -------  ------------
JNK   SPDR Barclays High Yield Bond            1343    40.14          Bond
HYG   iShares iBoxx $ High Yield Corporate     1020    91.61          Bond
IEF   iShares 7-10 Year Treasury bond           826   103.60          Bond
FXA   CurrencyShares Australian Dollar          329    87.96      Currency
TLT   iShares 20+ Year Treasury bond            248   116.17          Bond
FXE   CurrencyShares Euro                       204   125.65      Currency
YCS   ProShares UltraShort Yen                  140    74.41      Currency
UNG   United States Natural Gas                  61    21.49     Commodity
ZSL   ProShares UltraShort Silver                38   102.20      Precious
UCO   ProShares Ultra Bloomberg Crude Oil        34    31.08     Commodity

Portfolio

There was no purchase. I already owned HYG and IEF, JNK is too similar to HYG, and the others did not have exceptionally high merits.

Option            Asset Class         Qty       Start        End of Month  
----------  -----------------------  ----  ---------------  ---------------
HYG16C92              Bonds           100  08/07/14 16,386  09/30/14  9,500
IEF16C105             Bonds           100  08/07/14 15,461  09/30/14 11,500

Capital gains

 Dec    Jan    Feb    Mar    Apr    May    Jun    Jul    Aug    Sep  Option
-----  -----  -----  -----  -----  -----  -----  -----  -----  -----  -----
                                                         4114 -11000    HYG
                                                          539  -4500    IEF
-----  -----  -----  -----  -----  -----  -----  -----  -----  -----  -----
                                                         4653 -15500  Total