april@madhedgefundtrader.com

May 6, 2024

 

(“WOODSTOCK FOR CAPITALISTS” SHOWED BUFFETT IS STILL IN GOOD FORM)

May 6, 2024

 

Hello everyone.

 

Week ahead calendar

Monday, May 6

No economic data of note.

Earnings:  Loews, Spirit Airlines, Tyson Foods, BioNTech, Hims & Hers, Vertex Pharmaceuticals, Lucid Group, Palantir Technologies, Simon Property Group, Aecom, Microchip Technology, Rocket lab, Goodyear Tire, Flavours & Fragrances, Marriott Vacations, Noble Corp., Vornado Realty, Coty, Bell Ring Brands, Cabot

 

Tuesday, May 7

3:00 pm Consumer Credit (March)

Earnings:  UBS, BP, Nintendo, Squarespace, Kenvue, Aramark, Gogo, Energizer, Tempur Sealy, Bloomin’ Brands, Crocs, Datadog, Duke Energy, Rockwell Automation, Spirit AeroSystems, TransDigm, Expeditors, Nikola, Walt Disney, Ferrari, Global Foundries, NRG Energy, Perrigo, Electronic Arts, Cirrus Logic, iRobot, Redfin, Lyft, TripAdvisor, Adaptive Biotech, Arista Networks, Dutch Bros., Kyndryl, Marqeta, Oddity Tech, Olo, Sonos, Toast, Upstart Holdings, Virgin Galactic, Twilio, IAC/InterActive, Match Group, McKesson, Rivian Automative, Brighthouse, Occidental Petroleum, Assurant, Angi, Kinross Gold, Astera Labs, Diamond Offshore, Reddit.

 

Wednesday, May 8

10:00 a.m.  Wholesale inventories (March)

Earnings:  Anheuser-Busch InBev, Edgewell Personal Care, Embraer, Elanco Animal Health, United Parks & Resorts, ODP, Emerson Electric, Brookfield, New York Times, Performance Food Group, Reynolds Consumer Products, Shopify, Teva Pharma, Uber Technologies, Brink’s Tegna, Hain Celestial, Choice Hotels, Dine Brands, Liberty Broadband, Affirm Holdings, Fox Corp., Cushman & Wakefield, Liberty Media, Valvoline, Arm Holdings, Airbnb, Robinhood, Beyond Meat, Bumble, Kodiak Gas Services, NuSkin, SolarEdge Technologies, TKO Group, Vizio, AMC Entertainment, Cheesecake Factory, News Corp., Toyota Motors, Celanese, Instacart, Klaviyo.

 

Thursday, May 9

8:30 a.m.

Continuing jobless claims

8:30 a.m. Initial claims

Earnings:  Nissan, Cedar Fair, Six Flags, Yeti, Hanesbrands, Planet Fitness, Sally Beauty, Tapestry, US Foods, Warby Parker, Krispy Kreme, Hyatt Hotels, Warner Bros, Discovery, Roblox, Viatris, Papa John’s, Hilton Grand Vacations, Warner Music Group, Solventum, DropBox, Akamai, Figs, Sweetgreen, Unity Software, Yelp, Synaptics, H&R Block, Iamgold, Fidelis Insurance, GenDigital, Savers Value Village.

 

Friday, May 10

10:00 a.m. Michigan sentiment (May)

2:00 p.m. Treasury budget (April)

Earnings:  Honda Motor, AMC Networks.

 

Maybe time to start looking at Emerging Markets.

The weaker than expected employment numbers last Friday marked the first sign this year that we may just see some interest rate movement in the form of cuts toward the latter part of this year.

And if we do see a lower rate environment on the horizon, one area that will be boosted is emerging markets.

Emerging market equities are at attractive valuations presently; earnings growth too has started to accelerate.

Start looking at this ETF:

(EEM)iShares MSCI Emerging Markets ETF

 

 

Continue scooping up some Berkshire Hathaway stock.

Berkshire Hathaway’s annual general meeting on Saturday, May 4, has been dubbed “Woodstock for Capitalists.” 

Analysts have a $472 price target on class B shares, and this suggest nearly 18% upside from last Thursday’s close.

 

 

 

I listened to several hours of the meeting and the topics covered included climate change, succession planning, artificial intelligence, the sale of a chunk of Apple shares (around 13%) - 115 million shares. 

The company has approximately $200billion in cash.  Greg Abel will make investing decisions for Berkshire Hathaway when Buffett passes.

Buffett spoke of “scamming” as a growth industry, which will be enabled by AI.  While he didn’t see AI as all bad, he did note that the potential for AI to manipulate videos and images - to extract money from people - poses enormous harm to those who are unsophisticated in critically evaluating these types of media.

 

One of the best lessons from Charlie Munger.

Patience.

Munger was well known for waiting – not only when it came to building wealth, but for finding attractive investing opportunities.

In his words: “We wait for no-brainers.  We’re not trying to do the difficult things.  And we have the patience to wait.”

When it came to investing in what he viewed as great companies, Munger shared Buffett’s view that your best move as an investor is holding for the long term.

In Buffett’s words: “When we own portions of outstanding businesses with outstanding managements, our favourite holding period is forever.”

Warren Buffett’s insights about life.

“If you are lucky in life, make sure others in life are lucky too.”

“Be kind and the world will be better off.”

Market Update:

S&P500

It’s possible that this correction is completed to enable the resumption of uptrend in a Wave 5 advance towards the next upside target at around 5,450.  If the 5th wave has begun, then support at 5,060/5,011 should now hold.

We must be aware, though that there is still risk of a final sell-off toward the low/mid 4,800’s, before the uptrend is ready to resume.

The Bigger Picture outlook remains bullish.  The 5,735 mark is the potential target over the coming months.

 

Gold

Gold has been undergoing a 4th wave correction.  A sustained break above $2,350 resistance will represent the resumption of uptrend for rally back toward the area of $2,430.

The Bigger Picture outlook remains bullish, with the next upside target at around $2,530.

Bitcoin

Bitcoin has been undergoing a 4th wave correction, and this might be completed now.

Support lies around the $59,500 level.  If this area holds, we should now see rallies on to the next resistance areas at $67,240 and $73,794 levels.

Bitcoin’s bullish structure remains in place.

 

QI Corner

 

 

 

Cheers

Jacquie

/by
april@madhedgefundtrader.com

October 11, 2023

 

(PLANT EXTINCTIONS COULD THREATEN THE CREATION OF MEDICINES)

October 11, 2023

 

Hello everyone,

Welcome to a future world with far less plant variety. 

Dr Brown is one of the researchers who works at the Royal Botanic Gardens, Kew, who, along with others,  has recently published a new report called State of the World’s Plants and Fungi.

The report has warned that we could potentially lose up to half of future medicines because of plant extinctions. 

Nearly half of all plants that flower are at risk, amounting to more than 100,000 while it is believed around 77% of all those as yet undescribed by science are at risk.

Some are going extinct between the time of their discovery and when they are catalogued – which takes around 16 years on average.

The main cause of the extinctions is habitat loss, such as deforestation or the construction of dams which flood areas upstream.

We must remember that nine out of ten of our medicines come from plants, so we are potentially losing up to half of our future medicines.

Professor Alexandre Antonelli, director of science at Kew, said: “We know more about the surface of Mars than we know about fungi on this planet.”

Scientists state that at the current rate of scientific description it would take 750-1000 years to catalogue all fungal species. 

Scientists have described 10,200 new fungal species and more than 8,600 species of plants since the pandemic in 2020, as lockdowns gave them more time to work through the backlog of found but unclassified samples.

Plants and fungi provide the cornerstone of all ecosystems of human life, supporting our livelihoods and providing us with food, medicine, clothing, and raw materials. So, protection of areas with important plant diversity should be of utmost significance.

With only around 10% of the world’s fungal biodiversity so far described, we could be missing out on species with game changing functions – like ones with enzymes that can break down plastic or cure diseases.

Scientists hope the research will encourage policy makers to take plants and fungi into account when choosing areas to protect as part of an international goal to protect 30% of the planet by 2030 and not just focus on animals.

 

 

 

From destruction of habitat to futuristic transport creation.

Imagine this – a 1,200-mile underwater train line in the deep blue sea, with a view of marine life as you travel at high speeds to your destination.

This is exactly what the UAE (United Arab Emirates) have planned. It was first discussed in 2018 as a hypothetical idea, but now it’s quickly becoming a reality, and it will cost a lot of cash. 

The UAE is widely known for their technology, construction, and infrastructure in the Middle East. 

With this futuristic mode of transport, exchange of goods and oil exports are feasible as well as movement of people.  By joining the Indian city of Mumbai with Fujairah through ultra-speed floating trains, the projects aim to boost bilateral trade. There will be export of oil to India from Fujairah port and import of excess water from Narmada River, north of Mumbai.

 

 

The total length of the rail network will be less than 2,000km but the underwater part of the construction could pose unique challenges.  Feasibility studies are still being done.

Happy mid-week.

Cheers

Jacquie

Prayers for all those affected by conflict in The Middle East and Ukraine.

 

/by
april@madhedgefundtrader.com

October 9, 2023

 

(THE MACRO DATA AND PEOPLE’S REALITY)

October 9, 2023

 

Hello everyone,

Welcome to a new week in October.  I believe October and November will be interesting months in the markets.

So, what do we have coming up this week?

Monday: Australia Consumer Confidence Chg.

Previous – 1.5%

Time: 7:30pm ET

Tuesday: US Consumer Inflation Exp.

Previous: 3.6%

Time: 11:00am ET

Wednesday: US PPI MoM.

Previous: 0.7%

Time: 8:30am ET

Thursday:  US Core Inflation.

Previous:  4.3%

Time: 8:30am ET

Friday:  US Consumer Sentiment

Previous: 68.1

Time: 10:00am ET

THE MARKETS

S&P 500

In the past few weeks, sentiment has turned from bullish to bearish, and the market is entering a “seasonably favourable” period ahead.  Friday’s strong employment number gave the market every chance to resume its decline but instead it strengthened.   Therefore, there is opportunity for the bulls to regain control.  Whilst holding last week’s 4,216 low, it may be possible to interpret the S&P as having commenced its 5th Elliott Wave advance onto new highs for the year (before a significant reversal occurs).  The market has much to prove.

Important resistance levels include:  4335, 4400/4430 & key 4510/4540.

GOLD

Gold recorded a bullish “outside reversal day” on Friday, to enable a recovery to now occur.   Such a recovery can test the $1860-$1880 resistance area over coming days.  However, unless gold can clear resistances at $1884 and then $1905, there is risk this potential bounce gives way to a deeper sell-off below $1804 support – toward the $1700 level in the weeks ahead.

CONFLICT IN THE MIDDLE EAST

Palestinian militants Hamas attacked Israel on the weekend.  Oil prices jumped 4% following the surprise attack which is now in its third day.  At dawn on Saturday during a major Jewish holiday, Palestinian militant group Hamas launched a multi-pronged infiltration into Israel – by land, sea and air using paragliders.  The attack came hours after thousands of rockets were sent form Gaza into Israel.  At least 700 Israelis have reportedly been killed according to NBC news.  The Palestinian Health Ministry has recorded 313 deaths so far.  The conflict sits at the doorstep of a key oil producing and export region for global consumers.  Oil rich Iran looms large as the market’s immediate concern.   Should the conflict escalate regionally, there could be quite a dramatic effect on the oil market with prices jumping back into the 90’s.

RECORDING OF JACQUIE’S POST MONTHLY ZOOM MEETING 09/27/23

https://www.madhedgefundtrader.com/jp-meet-sep2023/

DATA AND REALITY

Friday’s jobs report showed a strong resilient economy.

But people’s perception of their economic outlook is still gloomy.

Why?

Inflation, although slowly heading lower, is still far more than most people can tolerate.

Statistics and numbers in a book do not reflect what is being experienced in the real world.  In other words, people’s experience doesn’t transition into less hardship because the numbers move down.   

Numbers and reality are two different beasts.

A healthy jobs picture does not equate to a positive consumer sentiment. 

All the extras we have become used to are being removed.  It might appear subtle at first, but as you tally all findings together, it really becomes very clear.

Let’s see.  Do you still get free drinks with children’s meals anymore?  At some places, no.

The size of the product you buy at the grocer is smaller but has the same tagged price.  That packet of laundry soap I buy is smaller as is the dishwashing liquid, but the price is the same.  In Australia, a pound of butter went up a dollar a few weeks ago. Not 25 cents, not 50 cents, but a whole dollar.

The cost of housing has gone through the roof. In the aftermath of Covid, house prices surged, which pushed people out of the big cities into regional areas.   The median home sales price has risen 27% since the end of 2019, and this makes home ownership particularly difficult for younger buyers such as millennials. And it’s not just house prices. 

Higher interest rates are a problem too.   30-year fixed mortgages are running at an average 7.83% loan rate.  Financial markets are a bit jumpy because of the possibility that the Fed could take rates even higher if inflation doesn’t pull back.

While the consumer price index may show inflation running at a 3.7% annual rate now, it’s about 20% higher than it was since early in the pandemic. 

The CPI number for September will be released Wednesday.

Wishing you all a wonderful week.

Cheers

Jacquie

 

 

 

It doesn’t look like interest rates will be moving down in the short to medium term.  We have had low rates for a very long time.  In Australia, 2025 may be the earliest we could see a shift in rates.

/by
april@madhedgefundtrader.com

October 6, 2023

 

(SUMMARY OF JOHN’S OCTOBER 4, 2023, WEBINAR – CHAOS REIGNS)

October 6, 2023

Hello everyone.

LUNCHES

October 6, 2023 – Frankfurt, Germany

October 13, 2023- Kiev, Ukraine

October 20, 2023- London, England

October 30, 2023- Sarasota, Florida

October 31, 2023- Miami, Florida

PERFORMANCE

61% on the year.

83.85% trailing one year return.

657.99% since inception.

48.15% average annualised return.

POSITIONS

Risk On

TSLA 10 $200-$210 call spread

NVDA 10 $370-$380 call spread

Risk Off

TLT 10 $89-$92 put spread.

THE METHOD TO MY MADNESS

The market is discounting a worst-case scenario – no budget deal until we get a new congress in January 2025.

Technically, we are without a government now.

The markets will refocus on the possibility of a shutdown as November 17 draws near.

The tech sell-off will be brief.  Too many people are trying to get into accelerating long term earnings.

Bonds breakdown to new 2023 lows.

Fall will present the best buying opportunities of the year.

Precious metals take a hit. But they should certainly be at the top of any “BUY” list to cash in on an economic recovery.

Patience. Let the market come to you.

A year-end rally may be compressed into a short-term time frame. If we get a shut-down, we can write off any rally.

THE GLOBAL ECONOMY – UNCHANGED RATE

Fed leaves interest rates unchanged.

John says that the most important things that Powell didn’t say in the Fed press conference is that quantitative tightening or QT continues. And that drains $1 trillion a year from the financial system through bond sales until 2031 to get the Fed balance sheet down to zero.

Soft Commodity prices are soaring, from orange juice to live cattle, which are complicating the inflation picture.

Personal Consumption rose 3.9% YOY and only 0.1% in August alone.

Personal Spending was up only 0.4% versus 0.9% in July, a three-year low.

Are we going to be hit with another rate rise in November?

If inflation goes up to 4%, we may be able to have a soft landing, but if inflation goes above 4% the Fed is looking at tightening more, raising interest rates, which could be enough to tip us over into recession, which according to John, will be short in timeframe.

  

After 150 days, the Hollywood Screenwriters Guild strike is over. The strike probably cost the U.S. economy around $5 billion. 

STOCKS – LOOKING FOR LOWS

Stocks probing a 10% correction.  We can thank the Oil price rise, inflation rate rise, Fed rate rise, Bond market collapse.

Government shutdown is adding extra fuel to the fire.

Hedge Funds have been cutting risk at their fastest pace since 2020.

Biggest week-on-week decline in portfolio leverage since the depths of the pandemic bear market.

A Nobel Prize in chemistry is presented to Moderna (MRNA).

Rite-Aid will file for bankruptcy – it plans to close 500 of its 2,100 stores.

If we have more bad news, we could get down to 4000 on the S&P.

PANW – holding up well. If we get close to the 200MA enter a trade.

CAT and FCX – buy on the dip. FCX is a great LEAP opportunity going out two years.

BRKB – has fallen along with everything else. If the stock moves toward the 200MA, it is a great buy.

BONDS – SEARCHING FOR A NEW NORMAL

The Treasury Bond Freefall continues as long-term yields probe new highs. New issue of $134 billion this week didn’t help.  Nothing can move – risk is heightened – until rates top out. May have to wait until 2024.

Ten Year Treasury yields hit new 16 year high, at 4.70%.

Government shutdown is a new negative, even when it’s delayed by 45 days.

Moody’s warns of further U.S. government downgrades.

The U.S. budget deficit is climbing once again increasing bond sales.

Falling interest rate/rising bond price trade has been delayed for six months. There has been hotter than expected economic growth at 2.40% for Q2 and more Fed rate rises are possible.

Keep buying 90-day T-bills, now pushing a 5.48% risk free yield.

Junk bond ETF’s (JNK) and (HYG) are holding up extremely well with a 6.5% yield.

Stand aside from (TLT) until we find the new floor.

FOREIGN CURRENCIES - NEW DOLLAR HIGHS

The Fed message “higher for longer” has rocketed the U.S.$ to new 2023 highs.

The possibility of a government shutdown is also adding fuel to the dollar’s rally as it has become a flight to safety bid.

Collapse of the dollar is now a 2024 story.

The Aussie dollar collapse has been prompted by a slowing Chinese economy – no demand for Aussie energy or commodities.

Put the following on your shopping list before the U.S.$ turns down from its rally.  (FXE), (FXB), (FXA), (FXY).

ENERGY AND COMMODITIES – NEW 2023 HIGHS

Saudi Arabia continues Oil supply squeeze into Q4.

A cold winter will see demand for oil rise.

Russia bans all diesel exports, partly to meet its own military needs but also to squeeze the price up.

Strike ends at Australian export facilities.

Electrification will be the big theme of this century.

The power grid must increase fivefold in size to accommodate the electrifications projects already underway.

(My input here) The OPEC Secretary General, Haitham Al Ghais, argues that oil underinvestment is endangering the energy sector. He points out that the world will require at least 12 trillion of new investment globally for the oil industry until 2045. Of significance is the fact that by 2030 over ½ billion people will move into cities globally. Ghais argues that there is no way we can meet this future demand by relying on renewables alone. Thirty years ago, fossil fuel consumption was 80% globally. And thirty years on today, it is still at 80% or over 80%. So, if we project into the future – say 2030 – how far do you think we will be with our transition to a renewable energy world? Five or six years is not a long time. If we consider the challenges that are facing the introduction of electric vehicles, penetration of EV’s globally, availability of critical minerals globally, the supply chain and logistical issues, then we start to comprehend that the sheer size and volume of electrification required globally to be able to move to an electric world is a monumental challenge.

PRECIOUS METALS

The Fed’s stance on interest rates pushes precious metals to new 2023 lows.

Costco has started selling gold bars, and they are selling out within hours.

Gold Target = $3000 by 2025.

Silver is the better play with a higher beta.

Russia and China are also stockpiling gold to sidestep international sanctions.

REAL ESTATE

New U.S. Home mortgage rates hit 17- year high and have virtually ground to a halt.

Homebuilder sentiment turns down for the first time in seven months in August to 45.

S&P Case Shiller rises to new all-time high for sixth consecutive month as inventory shortages drove up competition housing.

In July the index increased 0.6% month over month and 1% over the last 12 months, on a seasonally adjusted basis.

July’s movement reached a new high for the nationwide home index, surpassing the record set in June 2022.

The median home price for existing homes rose to 1.9% to $406,700 according to the National Association of Realtors (NAR).

The robust housing market suggests that while some buyers pulled back due to high borrowing costs, demand continues to outweigh supply.

 

 

 

Wishing you all a great weekend.

Cheers

Jacquie

/by
Mad Hedge Fund Trader

August 25, 2023

 

(FOR HIS 18TH BIRTHDAY MY SON WANTS A *%$#&?)

August 25, 2023

Hello everyone,

My son, Alex, turns 18 next month and so is officially classed as an adult. So, I asked him what he wanted for his significant birthday.

I expected the most common requests: money, new iPhone, clothes, etc.

But he responded: a trading account in his name (which I will fund together with his savings)

I said, ok, that’s easy. Did anyone here ask for that from their parents when they turned 18?

But after we open that account, the real education starts. How many parents have tried to advise their adult teenagers how to manage their finances only to be met with offhand remarks, ridicule, rebukes, or sometimes even just plain disinterest? I imagine many parents have been blindsided by this old comment from young adults: “You invested in this stock/investment, and lost money, so why should I listen to you.”

Thankfully, my son and I have come to an understanding, whereby he will liaise with me before he invests/places a trade. This ensures that we, as a family, are moving in the same direction and are not at odds with one another, which can make achieving an end goal very difficult.

There are dozens of books in the world on finance and how to manage your money. But if you wanted one for young adults, I would recommend you look at the following: I Want More Pizza: Real World Money Skills for High School, College, and Beyond by Steve Burkholder.

Primary topics discussed include saving, spending, prioritization, goal setting, compound growth, investing, debt, credit cards, student loans, mental blocks, and taking real-world action.

 

 

Teaching young adults about anything, especially financial education, should be done in small chunks of time. Focus for about 20 minutes on a topic and then break. This ensures what is shared is taken in and processed. After all, does an 18-year-old want to hear your well-meaning advice for extended periods? Most young adults are easily distracted by other things going on in their lives.

The important things a teenager turning 18 can do/should know:

1) Open a bank account.
2) Open a credit card.
3) Understand their expenses.
4) Avoid debt at all costs.
5) Understand that there are dozens of ways to make money.
6) Get a job.
7) Be Careful Who You Trust.
8) You Don’t Have to Have It all Figured Out.
9) Take responsibility for Your mistakes.
10) Be kind to others and yourself.

I will also encourage Alex to keep a trading journal so that he can see where his profits and losses occurred. And he can also make notes on each trade he does. It’s a good habit to start and keep.

 

Beside the Thames in Twickenham, U.K. this past summer

The Fed remarks at the Jackson Hole Symposium on Friday could cause some volatility in the markets. Hang on!

Wishing you all a wonderful weekend.

Cheers,

Jacquie

 

 

/by
Mad Hedge Fund Trader

Jacquie's Post Trade Alert - (CVX) July 31, 2023 - BUY LEAPS

When John identifies a strategic exit point, he will send you an alert with specific trade information as to what security to sell, when to sell it, and at what price. Most often, it will be to TAKE PROFITS, but, on rare occasions, it will be to exercise a STOP LOSS at a predetermined price to adhere to strict risk management discipline. Read more

/by
Mad Hedge Fund Trader

April 19, 2023

 

(APPLE LAUNCHES ITS OWN SAVINGS ACCOUNT WITH A 4.15% INTEREST RATE)

 

April 19, 2023

Hello everyone,

An Apple laptop, an Apple iPad, an Apple iPhone and now we are being lured to purchase an Apple Card with a savings A/C attached and an enticing interest rate.

The card requires no minimum deposit or balance, and users can set up an account from the Wallet app on their iPhones.

Users must have an Apple Card to open the savings account.

In a press release the company stated that all daily cash reward earned through the Apple Card will automatically be deposited to the savings account. Daily Cash is the Apple Card reward program that offers up to 3% back on purchases. Users can change where their Daily Cash is deposited at any time and can also add funds from their bank account to build on their earnings.

 

 

Apple is launching the Savings Account through Goldman Sachs.

APY on savings accounts, on average, are quite low. Some even offer as little as 0.40%. Other institutions like credit unions and online banks and brick and mortar banks offer customers an attractive APY.

For instance, CIT Bank offers a savings account with a 4.75% APY when customers deposit a minimum balance of $5,000. Capital One’s savings account has no minimum balance, and users can earn a 3.5% APY. Vio Bank offers a savings account with a 4.77% APY with no minimum balance.

Apple Card savings users can manage their accounts through a dashboard that will appear in the Wallet app, where they can track their interest and their account balance or withdraw funds.

The feature is rolling out inside the Apple Wallet app on iPhones now.

 

Wishing you all a healthy and prosperous week.

Cheers,

Jacque

“Don’t be trapped by dogma – which is living with the results of other people’s thinking.”

/by

Legal Disclaimer

There is a very high degree of risk involved in trading. Past results are not indicative of future returns. MadHedgeFundTrader.com and all individuals affiliated with this site assume no responsibilities for your trading and investment results. The indicators, strategies, columns, articles and all other features are for educational purposes only and should not be construed as investment advice. Information for futures trading observations are obtained from sources believed to be reliable, but we do not warrant its completeness or accuracy, or warrant any results from the use of the information. Your use of the trading observations is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness of the information. You must assess the risk of any trade with your broker and make your own independent decisions regarding any securities mentioned herein. Affiliates of MadHedgeFundTrader.com may have a position or effect transactions in the securities described herein (or options thereon) and/or otherwise employ trading strategies that may be consistent or inconsistent with the provided strategies.

This site uses cookies. By continuing to browse the site, you are agreeing to our use of cookies.

OKLearn more