Financial Letter - September 7th, 2020
288th 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: Valeurs mobilières et dérivés (offered in french) Intensive Course- September 19th 2020
Dans cette série de quatre cours, les sujets suivants seront développés :
- Actions de sociétés
- Titres à revenu fixe (obligations et actions privilégiées)
- Fonds négociés en bourse (FNB), fonds de placement
- Prises de décision d'achat et vente avec l'analyse technique
- Prises de décision basées sur l’analyse fondamentale
- Création d'un portefeuille
- Analyse des risque
- Négociation avec produits dérivés (options et marchés à terme)
Write to us at info@charlesklangford.com to reserve your spot.
* Clients of Desjardins Online Brokerage receive a rebate of 50$ for this course.
S&P 500 Index - The Center of the World's Financial Solar System
The S&P 500 index (SPY and derivatives) dropped 2.3% the week of August 31st. Even with all the positive data on unemployment, the market showed fragility in its uptrend. The only positive sectors this week were the Utililties sector and the Materials sector. The Technology and Energy sectors had the worst performance this week.
The SPY finished its week with two negative days and increased volatility after certain technical indicators showed weekness in its uptrend. The VIX's EMAs crossed upwards on monday the 31st of August indicating increased market volatility and an eventual correction to come.
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) - 2020/09/07 - Min. 250K US
Week of August 31st 2020
This week we bought two supports: one is an ETF of a market index and the other is an ETF on gold. We decided not to add an option strategy on these supports this week. We closed our positions for the market ETF on thursday the 3rd of September and we closed our positions on the Gold ETF on friday the 4th of September.
Weekly profit/loss on the closed positions:
Profit on the market ETF: +2,544$
Profit on the Gold ETF: +-2,742$
Net profit of the week: -198$ per client
VIP accounts (CKL0522 Futures Market) - 2020/09/07 - Min. 25K US
Week of August 31st, 2020
This week we purchased micro contrats on a market index and on Gold for our futures market accounts. Multiple contracts were added depending on the value of the accounts. We didn't add option strategies to our contracts. We closed the positions of these contracts at the end of the week.
Profit/Loss on closed positions:
Level 1 Client:
MES: 308.75$
MGC: -551$
Level 2 Client:
MES: 618.50$
MGC: -1,102$
Level 3 Client:
MES: 926.25$
MGC: -1,653$
Weekly totals:
Level 1 Client: -242.25$ US per client
Level 2 Client: -483.50$ US per client
Level 3 Client: -726.75$ US per client
Have great week!