Below you will find a detailed update on each one of my open plays. While the rip-roaring tear from last year has subsided a bit, the Velez Opportunity Portfolio is up over 20% so far year-to-date, while the DJIA is up a wee bit more than 1%. This number includes profits that have been taken off the table. A 20% return in two months represents an annualized return of roughly 120%. I'll take that any day of the week, and twice on Sunday. Click on the link below the portfolio and listen to me explain the method behind the madness.
The Velez Portfolio (click here)
Futures Plays
My Live Cattle trade continues to soar. Today's strong move took this futures contract to a near 10-month high. My target area has pretty much been met so will be looking to take profits as early as tomorrow. Three contracts have yielded a nice $8,715 gain so far. You've got to love futures. For those who are learning my wealth techniques, study this chart. I have pointed out four prior buy opportunities that could have been taken. There are two others that have not been pointed out. Identify the month they occurred in and name the type of bar that signaled the buy. Post your answers on my Facebook page under the Live Cattle Chart.
Crude Oil is another very successful futures play. At the high of today's trading, my three contracts yielded a $20,500 gain. Because of the very large leverage in the futures market, the underlying commodity does not have to move very much in order for the speculator to make a huge score. I will look to take profits on two of my contracts in very short order.
The US Dollar has rewarded me very nicely over the past two months. The igniting Bull Elephant bar formed in December was the clearest buy sign I've seen in a long time. What a no brainer this play was. Three contracts have yielded a nice $$13,350 gain so far. I'll be pairing back to one contract in very short order, perhaps as early as tomorrow. I'm long-term bearish the US Dollar but over a shorter period do believe it will continue to have an upside bias, at least into the summer. I really like the New Zealand Dollar as well and may be looking to add it to my mix in the next few days. Stay tuned.
Equities Plays
Clarient Inc. (CLRT) was found during one of my study sessions in my free chat room. Many who were present in the chat room are likely to have followed my lead on this wonderful new addition. While the most recent move to the downside was not pretty, the large Bull Elephant Bar, which tipped me off last week, broke the back of the bears, in my opinion. It is my view that the balance of power has now shifted from the bears back to the bulls, and we could see significant upside movement. This is not my typical play, as I tend to stay away from stocks that do not trade huge daily volume, but the power of this pattern lured me in. I'm in for one lot at $2.30 and I'm looking for a cool double from current prices. My stop is at $1.79, which is a big percentage move, but when playing down in the lower price levels you have to look at percentages less seriously. Price is king in the lower levels.
Eastman Kodak (EK) - I continue to have a love affair with this stock and I'm likely to have one for some time to come. I've already pulled some hansom gains off the table in this gem, but I'm not even close to being finished with EK. I think this should be a $15 stock, easy. Very long-term, I think we will one day see EK in the 30s, and I plan to milk it forever. The best wealth plays last forever. That's true love, right? Listen to what I plan to do next in the brief video below.
EK - My Next Move (click here)
Pacer Int'l (PACR) is a monster. This beast just does not want to cooperate with my desire for it to pullback. I'm in on a very small one lot nibble, but is not nearly enough to get my excitement level raised. I Think the next move by PACR is going to have to pay for such an abnormal rise, which is a wee bit unfortunate. There is such a thing as "too much of a good thing." When rallies give you too much too soon, the underlying stock tends to die shortly after for a longer than expected period of time. Let's pray this does not happen to PACR. click the link below and listen to my thoughts regarding this rocket.
PACR - My Beast (click here)
The link below will provide a brief update on all the rest of the plays in the portfolio.
The Full Update (click here)
