Currently, short-term VIX futures are experiencing rolling costs (first to second month futures) greater than 10%, which is working in favor of my short iPath S&P 500 VIX short-term fund (VXX) position.
Earnings came out for Frontier Communications FTR on February 16, and the company reduced its dividend down to $0 .10 per share, helping them reduce debt, improve leverage and to put cash towards investing in their network.
After the huge amount of volatility for most of 2011, January and February have been much calmer. Volatility has been down substantially.
My approach in the down cycle is to short stocks which have run up for a while with weak fundamentals and showing a reversal pattern.
The sudden change in the number of stocks trading above their 200-day moving averages might not be that scary if you take the long view.
A future view of the banks will be among the topics at our free Next Invest online conference March 20 and 21.
February brought with it the quarterly re-balancing of the Crabtree Technology model. We take this action every three months as part of our disciplined investment process.
We are genuinely pleased with the performance of most asset classes in 2012. As we expected, bond yields have moved mostly sideways.
In February KC Capital Management’s Quantitative ETF portfolio had its best performing 30-day period since inception, up 17.0%.
A common view in investing is that “conservative” somehow equates with “buy and hold”, and the corollary to that is that trading equates to higher risk.