Welcome back, Meta-Traders.It was a sloppy week full of twists and turns, but not a lot of new information. Last weekend's arrest of the IMF Director on sexual assault charges provided much fodder for the media and Facebook. A downgrade of Greece by rating Agency Fitch continued worries in the Euro zone.
On this side of the pond, the unresolved issue of the United States debt ceiling weighted as the US Treasury is now out of money and being kept alive by accounting tricks by Treasury Secretary Timothy Geitner. Meanwhile, men behaving badly - DSK and Arnold - got all the headlines, while Geitner's press release citing "Catastrophic Economic Consequences" barely got any coverage at all.
As for equities, the IPO of Linked-in, (LNKD on the Nasdaq) on was a bit of a milestone, rocketing from and offering price of $45 to close at $94.25 on the day, up +109% from the offering price. Not bad and could prime the pump for further offering from Facebook, Twitter, Groupon, etc, etc. Good to see capitalism alive and well.
Also for equities, I had a good swing trade in AAPL and pulled out about 7 points in a 2-day period and went into the weekend flat. I started a new position in fast food company Yum brands (YUM) on a breakout to a new all-time high. Some short call options in HMSY expired worthless (which is good) and I wrote some more Sept 80 calls for a fat premium. That aside, I continue to be underweight in equities and happy with that position as equities seem to be moving sideways-down for the time being.
As for the Forex robots, the star of the week was Atipaq Full Portfolio which gained nearly 5% for the week and is now up a stunning 40.16% on the year.
Not far behind on the performance side was Atinalla #1 Live which gave back just under 1% on the week, but went out short EUR/USD with some open profits.
Megadroid Live picked up just under 1% on the week. I closed out last week's short in USD/CAD for about 55 pips profit. I went short USD/CAD again (accidentally in my FX-Regression account) into next week with a stop of about 0.9850.
FX-Regression had a solid week, picking up about 3% and profiting from all this sloppiness. Also, note the deposit of the broker bonus which will goose the performance of this account between 6-7% for the year.
The rest of the accounts were basically flat except for COATL EUR Centered Portfolio which peeled off about -3.5% on the week and went out with about -6.5% in open losses.
That's all for now, check back (hopefully) tomorrow for part 3 of my review of COATL. Enjoy your Saturday.
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