Financial Letter - July 20th 2020
281st 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) rose 1.25% the week of July 13th. The US banks Q2 results were above analyst expectations and encouraging data from a candidate study for a COVID-19 vaccine launched optimism into the market. The two best performing sectors this week were the Industrials and Materials Sectors.
After completing a W configuration in the start of June, the SPY is showing a certain fatigue in its uprtrend and finished the week at the same level as last month. The VIX is showing more optimism for the market with a potential configuration of a donward rectangular triangle if it capable of falling lower than 22.5%.
VIP accounts (CKL0522 Portfolio with ETFs) - 2020/07/20
Week of July 13th 2020
We did not add any option strtegy to our support this week.
Weekly profit/loss on the opened position:
Profit on the support: 2,891$ US
VIP accounts (CKL0522 Portfolio on Futures Market) - 2020/07/20
Week of July 13th, 2020
We closed our positions on the micro gold contract the 10th of July 2020
Profit of the contract: 176.50$
We did not add a strategy in our futures market accounts this week.
The team at CKL Inc. wishes you a great week!