Financial Letter - July 6th 2020
280th 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.
Our upcoming courses:
- Comment profiter de l'analyse technique (July 25th 2020)
- Comment profiter des options (August 1st 2020)
- Atelier de négociation active (August 7th 2020)
Write to us at info@charlesklangford.com to register for one of these courses.
S&P 500 Index - The Center of the World's Financial Solar System
The S&P 500 index (SPY and derivatives) rose 4% for the week of June 29th. Even with the ressurgence of COVID-19 cases in the US, the positive economic data and news of a potential vaccine launched optimism in the market. All eleven sectors of the S&P 500 were positive. The two sectors with the highest returns this week were the Real Estate Sector and the Materials Sector.
The SPY, that last week showed contradictions with the VIX, finally completed a W configuration July 2nd. At the same time, the VIX completed an M therefore indicating that there is no longer a contradiction in their behaviour since these two products react as opposites of eachother. The VIX's EMAs negatively crossed indicating a less turbulent market. The US market was closed July 3rd for the national holiday of the United States July 4th.
VIP accounts (CKL0522 Portfolio with ETFs) - 2020/07/06
Week of June 29th 2020
Cette semaine nous avons ajouté une stratégie d'option sur la moitité de nos positions du support (qui actuellement en position ouverte est encore en perte à la suite du virus). Cette stratégie permet de profiter d'un marché modérément neutre avec une sympathie ves la hausse.
This week we added an option strategy on half of our positions (that are at a loss in opened positions since the pandemic). This strategy is profitable if the market rises or is neutral.
Weekly profit/loss on the closed position:
Loss on the option strategy : 936$ US
Weekly profit/loss on the opened position:
Profit on the support: 8,526$ US
Net weekly profit of the strategy: 7,590$ US per client
VIP accounts (CKL0522 Portfolio on Futures Market) - 2020/07/06
Week of June 29th, 2020
This week we bought a Micro gold contract for the month of August.
Profit of the contract: 54.50$ US
Net weekly profit: 54.50$ US