Financial Letter - February 24th 2020
261th issue (since 2015/01/24)
(1) We offer portfolio management services for futures market accounts with a minimum of 25K USD or the equivalent in CAD.
(2) CKL Inc. offers an actively managed portfolio with US ETFs combined with option strategies. This portfolio requires a minimum of 250K USD or the equivalent in CAD.
(3) And evidently we offer high quality long term portfolio management with low fees (0.9%). This portfolio requires a minimum of 100K CAD.
*No transfer of funds required.
For more information on any of these portfolios, write to us at info@charlesklangford.com.
S&P 500 Index - The Center of the World's Financial Solar System
The S&P 500 index (SPY and derivatives) posted a 1.3% weekly decrease. The technology sector led this drop with a 2.5% weekly decrease. The growing fears of the Coronavirus slowing the global economy and no sign of progress for a cure has made the market extremely volatile.
All our technical indicators are diverging from the price chart of the SPY showing that a correction is due, however these indicators cannot predict the amplitude of this correction.
VIP accounts (CKL0522 Portfolio with ETFs) - 2020/02/24
Week of February 17th 2020
This week's strategy was a neutral option strategy on US ETFs with a possibility of making money if the market goes up and a protection in case of a correction. From now on we will refer to this strategy as CG2.
We no longer publish the weekly transactions since they are reserved for our CKL0522 clients.
*These accounts require a margin account with options trading authorizations and a minimum of 250K USD.
*The weekly profits/losses per client are based on the minimum of 250K USD.
Weekly profit/loss on the closed positions:
Leg #1: Profit of 1260$
Leg #2: Loss of 203$
Weekly profit on the closed positions = 1057$ US
Weekly profit/loss on the opened positions:
Leg #3: Loss of 2436$
Weekly loss on the opened positions = 2436$ US
VIP accounts (CKL0522 Portfolio on Futures Market) - 2020/02/24
Week of February 17th 2020
This week's strategy was a neutral option strategy on futures contracts with a possibility of making money if the market goes up and a protection in case of a correction. From now on we will refer to this strategy as CG2.
We no longer publish the weekly transactions since they are reserved for our CKL0522 clients.
Weekly profit/loss on the closed positions:
Leg #1 : Profit of 914$
Leg #2: Loss of 62.50$
Weekly profit on the closed positions = 851.50$
Weekly profit/loss on the opened positions:
Leg #3: loss of 1540$
Weekly loss on the opened positions = 1540$ US