Financial Letter - March 30th, 2020
266th 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 next intensive courses:
- L' Analyse technique expliquée (April 4th, 2020)
- Investissement stratégique dans les options (April 5th, 2020)
**Due to the government's Covid-19 guidelines on social distancing and isolation we will be offering these two courses live online through Zoom. **
For more information on these courses visit our seminars page:
http://www.charlesklangford.com/en/services/seminars
To reserve a spot for these coures, 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 by 10% for the first time in 6 weeks for the week of the 23rd of March. This is the first time since the Covid-19 global pandemic. The Utilities and Real Estate sectors had the best performance.
SPY's price chart shows that the pessimism of the market is slowly decreasing and the trading algorithms are less effective than before at creating volatility in the market (see VVIX). However, the VIX is still extremely high (66%).
CKL Inc. Portfolio management
For the week of the 23rd of March, due to divergences of many short-term technical indicators with the price chart and a long-term buy signal, we liquidated all our money market products and invested all the cash of the accounts in derivatives of the S&P 500 (2X or 3X) depending on the currency of the account in order to profit on the rise in the market.
VIP accounts (CKL0522 Portfolio with ETFs) - 2020/03/30
Week of March 23th 2020
Our strategy this week was to once again add an option strategy to our support product (SPY) that is currently losing in an opened position. This strategy is profitable if the product continues falling, remains at the same level or goes up until a certain price. Due to the 10% rise of the market this week, our positions on the SPY grew in value and added to that is the profit on the option strategy.
Weekly profit/loss on the closed positions:
Options on SPY: 630$ US
Profit on the closed positions: 630$ US
VIP accounts (CKL0522 Portfolio on Futures Market) - 2020/03/23
Week of March 23th 2020
No activity in the futures accounts due to the high VIX.