Eoin's personal portfolio: trading long stopped out and reversed, commodity long closed, bond investment position increased January 18th 2023.
Comment of the Day

January 19 2023

Commentary by Eoin Treacy

Eoin's personal portfolio: trading long stopped out and reversed, commodity long closed, bond investment position increased January 18th 2023.

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 Monday, I raised the stop on my Nasdaq-100 long which I initiated on January 6th at 11500 including spread-bet dealing costs. I then turned around and shorted the Index again. This time for a March contract at 11496.  

I sold my trading position in US natural gas purchased at $3.819 on January 6th for $3.301. The price has accelerated lower over the last month and is deeply oversold but is still falling. I will be prepared to jump back in when there is more convincing evidence of bottoming activity. .

On November 4th I dipped back into the gold market; opening a long in the December contract at $1676 which continues to be rolled forward.

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 an investment position in the iShares 20+ year Treasury ETF (TLT) today at $108.525.

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 imposed stops on these positions on January 18th.

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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