Eoin's personal portfolio: trading long stop raised.
Comment of the Day

January 17 2023

Commentary by Eoin Treacy

Eoin's personal portfolio: trading long stop raised.

Eoin Treacy's view

One of the questions subscribers ask most often is how to find details of my open trades. To make it easier I will simply repost the latest summary on a daily basis until there is a change.

With the pop on the VIX Index yesterday and weakness on the Dow Jones Industrials today, I raised the stop on the Nasdaq-100 long I initiated on January 6th at 11029 including spread-bet dealing costs.  

I continue to hold the initial trading position in US natural gas purchased at $38.19 on January 6th. The price has accelerated lower over the last month and is deeply oversold.

On November 4th I dipped back into the gold market; opening a long in the December contract at $1676.

I rolled my expiring T 2.125% 12/31/2022 cash into the Goldman Sachs 1.7% CD maturing on April 27th 2023.

I bought equal-sized investment positions in the Global X Copper Miners and Uranium ETFs for $38.23 and $21.08 respectively on January 6th.   

I bought an investment position in the DoubleLine Income Solutions Fund on November 10th. It was trading at a discount of 1.29%, is leveraged 30.48% and invests in high yield and mortgage bonds. The fund is currently yielding 11.5% and makes distributions monthly. I paid $11.485 including dealing costs.

I also initiated an investment long in the Global X Silver Miners ETF paying $27.57 on November 10th. 

I also increased my investment long in the VanEck Vectors Gold Miners ETT on the 4th paying $24.74 for another equal-sized position. My original position in the VanEck Vectors Gold Miners ETF was purchased on March 25th 2020 at $20.12. I bought another unit at $35.79 on December 1st 2020.

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