We are now 4 days into our cruise and about 11 days from being back home in Cayman.
Right now we are in Trondheim, Norway and have so far seen Flam and Alesund and a whole series of Fjords including one that was listed as the number one thing to do before you die by National Geographic. The four of us went out in a rib and toured around. Was fantastic but I am not sure what else can beat it 🙂
The market hasn’t done a whole lot except hold range despite negative headlines. This tells me that perhaps we are ready for a leg up. But only time will tell. The long term bollinger bands are about as tight as they have been for 65 years. So either way there should be quite an explosive move but in what direction remains to be seen. The market corrects at least 5 percent each year and it hasn’t yet (well the RUT (8 %) has and most individual stocks have, but not the SPX).
I got out of all the August trades at 5.6% (half tranch of MIC, two rock trades, an m3 and a few bearish butterflies). We were in both August and September trades for the month and soon come we should be at profit target for those and they will be closed soon and can conclude the months results which are very positive.
Our protector portfolio is up about 4.5 percent for year while spy is at around what 1.5%?