Financial Letter - September 21st, 2020
290th 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.
What's new (Fall 2020)
CKL Inc. is offering training programs, intensive courses, webinars and live trading sessions in partnership with Desjardins Online Brokerage. These courses are offered in french. To view the calendar of our upcoming events follow the link below:
http://www.charlesklangford.com/en/services/seminars
Next Course: L'analyse technique - Série de quatre cours du 6 au 27 octobre 2020
Dans cette série de quatre cours, les sujets suivants seront développés : comment lire les graphiques, comment utiliser les instruments de trend following et de dépistage de points tournants, la hiérarchie des signaux. Le tout accompagné de cas concrets.
Cours 1 - le mardi 6 octobre 18 h 30 - 20 h 30
Cours 2 - le mardi 13 octobre 18 h 30 - 20 h 30
Cours 3 - le mardi 20 octobre 18 h 30 - 20 h 30
Cours 4 - le mardi 27 octobre 18 h 30 - 20 h 30
L'ensemble des quatre soirées coûte 200$ + taxes.
Les places sont limitées. SVP, écrivez-nous à info@charlesklangford.com pour réserver votre place.
*Pour les clients de Desjardins Courtage en ligne, obtenez un rabais de 50 $ lors de votre inscription
Atelier de négociation active:
M. Charles K. Langford, PhD, gestionnaire de portefeuille, vous propose de l’accompagner dans une matinée de négociation active. Cet atelier éducatif se déroule durant les heures de Bourse afin de vous présenter des réactions en direct basées principalement sur l’analyse technique à très court terme. La première heure sera consacrée à la révision des notions d’analyse technique et de stratégies d'options, ainsi que les méthodes à privilégier dans la négociation active, et dès l’ouverture des marchés, le groupe suivra M. Langford et M. Gary Argiriou dans des transactions sur les options. Chaque atelier de négociation active coûte 100$ + taxes.
Voici la liste des prochains ateliers de négociation active :
- Vendredi 25 septembre 2020
- Vendredi 27 novembre 2020
*Les places sont limitées. SVP, écrivez-nous à info@charlesklangford.com pour réserver votre place.
S&P 500 Index - The Center of the World's Financial Solar System
The S&P 500 index (SPY and derivatives) dropped 0.6% the week of September 14th 2020 for the third week in a row. However, this week, 5 of the 11 sectors of the S&P 500 were up: the Energy Sector, the Health Sector, the Industrials Sector, the Materials Sector and the Real Estate Sector. The rest of the sectors had negative performances, the worst being the Communication Services Sector.
After the SPY's EMAs crossed downwards last week, the SPY completed an ''M'' configuration. This configuration indicates with high probabilities that a correction is due. However, the VIX's moving averages are getting closer to crossing downwards. If they eventualy do cross downwards, the market's volatility would decrease and technical analysis indicators can be used more accurately.
Classic Portfolios (Min. 100K)
Our classic portfolios have four components: directional products, income products, money market products (cash) and commodities. After each quarter, with the help of technical analysis, we determine the appropriate proportions for each component in order to benefit from our market forecast. During the last rebalancing in July, the proportions chosen were as follows:
- Directional products: 55%
- Revenue Products: 35%
- Money market products: 5%
- Commodoties and derivative products: 5%
The first week of August we closed all of our positions in commodity products and replaced them with revenue products. This week (Thursday September 3rd) we decided to close all of our directional products in our portfolios because of certain technical indicators announcing volatility to come. We are awaiting a lower volatility before reentering into our directional products.
Return of our classic portfolios over the past three months (June 1st to August 31st): +10.14%
VIP accounts (CKL0522 ETF) - 2020/09/21 - Min. 250K US
Week of September 14th 2020
This week we decided to construct an option strategy (Bear Spread with Calls) on the SPY for our CKL0522 ETF accounts. This strategy is profitable if the market slightly rises, falls, or stays at the same level. Here are the results of the strategy:
Profit on closed positions
Profit on the option strategy: 1,020$ US
Net weekly profit: 1,020$ US per client
VIP accounts (CKL0522 Futures Market) - 2020/09/21 - Min. 25K US
Week of September 14th, 2020
This week we decided to construct an option strategy (Bear Spread with Calls) on the MES for our CKL0522 Futures accounts.This strategy is profitable if the market slightly rises, falls, or stays at the same level. We multiplied the contracts depending on the value of the accounts. Here are the results of the strategy:
Profit on closed positions
Level 1 client: 343$ US
Level 2 client: 652$ US
Level 3 client: 978$ US
Net weekly profit:
Level 1 client: 343$ US per client
Level 2 client: 652$ US per client
Level 3 client: 978$ US per client