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Friday, September 18, 2009

Another Very Good Week

A little choppy around options expiration, but overall it was another very good week:

S&P 500: This Week

Since last Friday's close, the S&P 500 gained +2.45%, Dow +2.24%, Nasdaq +2.50%, and the Russell 2000 +4.09%. To make the big money, being long real estate (URE), financials (FAS), small caps (TNA), basic materials (UYM), natural gas (UNG), energy (ERX), and emerging markets (EDC) were all good choices. The worst performances this week could be found in anything and pretty much everything leveraged short like the SRS, FAZ, TZ & SMN.

Amid more data, we have a Fed meeting to look forward to next week. On Friday I also have a lengthy Q&A with Rob Hanna from the popular Quantifiable Edges. Next weekend will also be the first mountain retreat here in Utah for all of those who've been in my mentorship group this year. So, to say that we have a busy schedule on tap for next week is a bit of an understatement.

Until then, I hope everyone has a enjoyable weekend. I know the weather in many parts of the country is starting to change, but I hope you'll find some fall activities out there to enjoy. Take care and see you on Monday!

* If you haven't had the opportunity yet, please read my most recent interview.

Posted by Kirk at 7:18 PM in After Hours | Bookmark | Feeds | Link |


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