May 17, 2013

Position Change: None. 

Major movements (+ or - one point or more) among holdings: Harley Davidson +1.51, IBM +3.75, Valmont Industries +2.65. 

Basic Summary (positions itemized after daily commentary)

Relative performance (marked to market) vs. S&P 500 since initiation

This Portfolio Model   + 276%

S&P 500                + 220%

Portfolio model initiated 5/5/95, archived and marked to market daily.

Initial S&P 500 level 520.12, Initial portfolio value $520,120.00.

Current portfolio value $1,955,680.18, gain 276%. 

These results are reflective as to capital capture and market price of current holdings, itemized below.  They do not include cash dividends, interest earned on cash balances, transaction costs, or anything else. 

Current Stock vs. Cash Allocation

$1,368,001.29 (70%) stock. $587,678.89 (30%) cash equivalents. 

Summary of Closed Positions

Total Positions  490                  Average Position

      Profit     444  (90.61%)         Percentage   +  7.43

      Loss        46  (9.39)           Days Held     238

      Even         0  ( 0%)           Annualized   + 11.39%

May 16, 2013

The major averages all posted losses today, with the S&P 500 suffering its largest decline since the beginning of the month (Dow Industrials -42.47, S&P 500 -8.31, Nasdaq Composite -6.37).

The morning began with a disappointing jobless claims number, but like most recent disappointing data, the market seemed to shrug off the numbers.  Stocks took another blow from a poor Philly Fed report, but recovered from that brief dip as well.  The bulk of today’s losses came in the final two hours of trading after stocks tested their highs of the day.

Markets definitely have momentum and appear to be less sensitive to daily data than they have been in recent years.  This should be cause for optimism, as it could represent the markets shedding excess risk aversion. 

Still, stocks remain technically overbought, and this portfolio will wait for individual names to represent clear value before adding any positions.

No changes are anticipated tomorrow, though the portfolio remains more attuned to selling than buying.

Position Change: None. 

Major movements (+ or - one point or more) among holdings: Carbo Ceramics -1.72, Family Dollar -1.03, IBM +1.37, Valmont Industries     +1.20. 

Basic Summary (positions itemized after daily commentary)

Relative performance (marked to market) vs. S&P 500 since initiation

This Portfolio Model   + 273%

S&P 500                + 217%

Portfolio model initiated 5/5/95, archived and marked to market daily.

Initial S&P 500 level 520.12, Initial portfolio value $520,120.00.

Current portfolio value $1,940,750.07, gain 273.14%. 

These results are reflective as to capital capture and market price of current holdings, itemized below.  They do not include cash dividends, interest earned on cash balances, transaction costs, or anything else. 

Current Stock vs. Cash Allocation

$1,353,071.18 (70%) stock. $587,678.89 (30%) cash equivalents.

May 15, 2013

Stocks continued their rally, with all of the major averages posting gains on the session (Dow Industrials +60.44, S&P 500 +8.44, Nasdaq Composite +9.01).

The session was more volatile than most trading in recent weeks.  Stocks began the day near the flat line, but seemed to continue the recent trend of a steady climb towards the close.  A mid-afternoon tumble saw the Dow lose over 80 points before again reversing into the close.

Today’s data showed that inflation remains subdued, while industrial production actually fell in April.  Data seemed to have little impact on the markets.

Stocks continue to move further into short term overbought territory, and this portfolio could respond by selling a position in the coming days.

Position Change: None. 

Major movements (+ or - one point or more) among holdings: Family Dollar +1.95, Valmont Industries -1.79. 

Basic Summary (positions itemized after daily commentary)

Relative performance (marked to market) vs. S&P 500 since initiation

This Portfolio Model   + 274%

S&P 500                + 218%

Portfolio model initiated 5/5/95, archived and marked to market daily.

Initial S&P 500 level 520.12, Initial portfolio value $520,120.00.

Current portfolio value $1,950,043.21, gain 274.92%. 

These results are reflective as to capital capture and market price of current holdings, itemized below.  They do not include cash dividends, interest earned on cash balances, transaction costs, or anything else. 

Current Stock vs. Cash Allocation

$1,362,364.32 (70%) stock. $587,678.89 (30%) cash equivalents. 

Summary of Closed Positions

Total Positions  490                  Average Position

      Profit     444  (90.61%)         Percentage   +  7.43

      Loss        46  (9.39)           Days Held     238

      Even         0  ( 0%)           Annualized   + 11.39%

May 14, 2013

Position Change: Sold Energen Corp. (EGN) @51.34. 

Major movements (+ or - one point or more) among holdings: Energen +1.19, Harley Davidson +1.04. 

Basic Summary (positions itemized after daily commentary)

Relative performance (marked to market) vs. S&P 500 since initiation

This Portfolio Model   + 273%

S&P 500                + 217%

Portfolio model initiated 5/5/95, archived and marked to market daily.

Initial S&P 500 level 520.12, Initial portfolio value $520,120.00.

Current portfolio value $1,943,289.17, gain 273.62%. 

These results are reflective as to capital capture and market price of current holdings, itemized below.  They do not include cash dividends, interest earned on cash balances, transaction costs, or anything else. 

Current Stock vs. Cash Allocation

$1,355,610.28 (70%) stock. $587,678.89 (30%) cash equivalents. 

Summary of Closed Positions

Total Positions  490                  Average Position

      Profit     444  (90.61%)         Percentage   +  7.43

      Loss        46  (9.39)           Days Held     238

      Even         0  ( 0%)           Annualized   + 11.39%

May 13, 2013

Stocks posted a mixed and relatively unchanged session today, with the Dow the sole loser among the major averages (Dow Industrials -26.81, S&P 500 +0.07, Nasdaq Composite +2.21).

Stocks opened the session in negative territory, but followed a recently familiar trend of rising into the close.

The sole significant data point today came in the form of retail sales.  These numbers have been closely watched to gauge the impacts of tax hikes and expiring payroll tax breaks.  Expectations were set low, so today’s rise of 0.1% was taken positively, though the number did little to move equity prices.

This portfolio remains attuned to selling into any strength and could sell a position in the coming days.

Position Change: None. 

Major movements (+ or - one point or more) among holdings: IBM -2.00. 

Basic Summary (positions itemized after daily commentary)

Relative performance (marked to market) vs. S&P 500 since initiation

This Portfolio Model   + 271%

S&P 500                + 214%

Portfolio model initiated 5/5/95, archived and marked to market daily.

Initial S&P 500 level 520.12, Initial portfolio value $520,120.00.

Current portfolio value $1,929,754.51, gain 271.02%. 

These results are reflective as to capital capture and market price of current holdings, itemized below.  They do not include cash dividends, interest earned on cash balances, transaction costs, or anything else. 

Current Stock vs. Cash Allocation

$1,431,715.26 (73%) stock. $498,039.25 (27%) cash equivalents. 

Summary of Closed Positions

Total Positions  489                  Average Position

      Profit     443  (90.6%)           Percentage   +  7.43

      Loss        46  (9.4%)           Days Held     239

      Even         0  ( 0%)           Annualized   + 11.35%