Nicholas Vardy
A Speculative Bet on a Bounce
What a difference a week makes. After closing at a bull market high on Tuesday, the S&P 500 dropped nearly 5.1% in the following three trading sessions, closing down more than 1% on each occasion. The Dow Jones industrial average suffered its worst week since dropping to a 12-year low in early March. My iPhone was teeming all day Friday with emails that stop losses have been hit in my clients’ portfolios.
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Most global markets corrected last week, resuming their upward trajectory in yesterday’s trading.
Lessons from Trina Solar (TSL)
The New Year’s rally took a pause last week, and most of your Global Bull Market Alert positions ended the week lower. But with Asian markets trading steadily, and European markets up on Monday, despite the sell-off on Wall Street on Friday, I expect this to be a short-term pause in what will be a solid start to the year.
Another Chinese Moonshot
You’ve had some terrific success with Chinese Solar play Trina Solar (TLS), booking a 118% gain in the options just last week.
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The New Year started with a bang, with most of your positions in your Global Stock Investor portfolio hitting 12-month highs in the last two days of trading. The January effect in global stock markets is well-documented. Going back to 1900, stock markets have ended the month of January up about 63% of the time.
Locking in triple digit gains on China’s Trina Solar
With global stock markets starting the year with a bang, your position in Trina Solar Ltd. (TSL) has shot up from $52.18 last Wednesday to $59.14 yesterday.