HI Financial Services Mid-Week Commentary 02-03-2016

HI Financial Services Mid-Week Commentary 02-03-2016

Recorded 02-01-2016 Commentary

HI Financial Services Mid-Week Commentary 02-03-2016

Investors: Keep your itchy finger off the trigger – Eric Rosenbaum

 Screen Shot 02-03-16 at 04.53 PM

Phone call #1

with a potential new client and one let me know that from November of last year top today he is down over 25% but he thinks he has it figured out?!?!?!!!!!!!!!!!!!!!!

 

What do you think I should say?  Riiiiiiiight 

 

Phone call #2

With a potential new client with Wells Fargo, doesn’t like his returns and worried about another 2008.

His comment was – I think I should look into what you are doing and who you are

 

What do you think I should say?   Riiiiiiiight   

 

I was frustrated today with phone call number #1 because it has taken years of learnings, education, money spent to learn. Money lost in the market, frustration with me from a spouse, living in my parent’s basement with three kids, up at 5:30 AM every morning, and most I can never please no matter how well I do.

 Screen Shot 02-03-16 at 05.30 PM 001 Screen Shot 02-03-16 at 05.30 PM     

I just showed you a lost decade

 

Why do people not make money in an asset allocation model

Story of $1 Gain and lose 50% or Lose and Gain 50% in not a 0% Return = -25% Actually

Management fees = Commission to a licensed person like me, Acct Sr Manager, Acct Jr Manager, Broker, Ticket charges, 12-01B fees = 1%, Restructuring, rebalancing, turnover fees= Churning fees , Capital gains the fund pays out of your returns =1.5$ if Long term capital gains

 

AND NO DAMN PROTETION

 

What’s happening this week and why?

Volatile, China, Oil = Saudi Arabia and Russia NO compromise for cuts in production, Earnings

 

    

Where will our market end this week?

After a big Friday loss and the first week of February you average 2.4% for the first week

 

 

DJIA – Still Bearish but we have a MACD Crossover

 Screen Shot 02-03-16 at 04.51 PM

 

SPX –  Still Bearish but we have a MACD Crossover

 Screen Shot 02-03-16 at 04.52 PM

 

COMP – Still Bearish but we have a MACD Crossover

 Screen Shot 02-03-16 at 04.52 PM 001

Where Will the SPX end February 2016?

 

02-03-2016           1%

 

 

What is on tap for the rest of the week?=

Earnings:

Tues:          ADT, CIT, DOW, EWR, XOM, GILD, FISV, GMGR, KORS, PFE, SIRI, UPS, YHOO

Wed:          ALL, ADP, BWLD, CMCSA, IP, MET, NE, QIHU, YUM WYNN

Thur:          BZH, BSX, ELY, CI, CLX, COP, CMI, DNKN, GNW, HIG, ICE, ODFL, PM LNKD, LGF

Fri:            

 

Econ Reports:

Tues:           Auto, Truck

Wed:          MBA, ADP Employment, ISM Services

Thur:          Initial, Continuing Claims, Challenger Job Cuts, Productivity, Unit Labor Costs, Factory Orders,

Fri:             Average Workweek, Non-Farm Payrolls, Private Payrolls, Unemployment Rate, Hourly Earnings. Consumer Credit , Trade Balance

 

 

Int’l:

Tues –         CN: General Services PMI, JP: PMI Composite

Wed –         ALL: Global Composite PMI, Global Services PMI, FR:DE:EMU: PMI Composite

Thursday –

Friday –     DE: Manufacturing Orders

Sunday –   

 

 

How I am looking to trade?

Protective puts and collars to get me through an earnings season THEN I roll puts out as I need to so I can keep them OUT of the expiration month

Will leave in place if market goes down.

Will roll long puts to at the money (ATM) for the earnings=

DIS will roll from Feb 100 to Mar 95 BIDU did roll from Feb 175 to Mar 155

 

 

Questions???

 

 

www.hurleyinvestments.com 

www.myhurleyinvestment.com = Blogsite

customerservice@hurleyinvestments.com = Email

 

  Apple’s Broken Narrative

http://seekingalpha.com/article/3862246-apples-broken-narrative?app=1&auth_param=vnn53:1bb4trv:54a58234f95182abe9745233f86ac35d&dr=1

 

iPhone Is Not Dead, It’s About To Come Alive, Part 2

http://seekingalpha.com/article/3861456-apple-iphone-dead-come-alive-part-2 app=1&auth_param=vnn53:1bb4juu:f8f5832894592ee4d0dbcef406e8127f&dr=1#alt1

 

Strategist: Forget the dips-buy the craters!

http://www.cnbc.com/id/103353869

 

BIDU: A Casualty Of The Recent Selloff, Baidu Stock Looks Poised For A Rebound

http://seekingalpha.com/article/3853406-buy-baidus-stock-selloff?app=1&auth_param=vnn53:1bav9fb:513c3402531c7bf85b2c6c87d4d499e6&dr=1#alt1

 

Apple testing dual-lens camera modules, plans March 15 iPhone/iPad event

http://seekingalpha.com/news/3074316-reports-apple-testing-dual-lens-camera-modules-plans-march-15-iphone-ipad-event?source=email_rt_mc_readmore&app=1&dr=1#email_link

 

How I’m Playing the FANG Stocks Right Now

http://moneymorning.com/2016/01/31/how-im-playing-the-fang-stocks-right-now/

 

Walt Disney: Should You Be A Bear Or Bull?

http://seekingalpha.com/article/3848626-walt-disney-bear-bull?app=1&auth_param=vnn53:1banhvr:5b21e376b3093b4e76f29b6d074335f9&dr=1#/alt1

 

What Tim Cook Must Do To Turn Apple Around, 2013 Vs. 2016

http://seekingalpha.com/article/3850876-tim-cook-must-turn-apple-around-redux?app=1&auth_param=vnn53:1basdh7:9cc27d09b511a6514306560d1fe00039&dr=1#/alt1

 

Ford: Firing On All Cylinders

http://seekingalpha.com/article/3842526-ford-firing-cylinders?app=1&auth_param=vnn53:1bak8d3:bd8930a0fa659100c6049b09eb665bfd&dr=1#alt1

 

Ford Crushes Expectations, Expects A Similar 2016

http://seekingalpha.com/article/3842356-ford-crushes-expectations-expects-similar-2016?app=1&auth_param=vnn53:1bak6hn:d03250e698cc9bb5dfd03b3dbc100d0c&dr=1#alt1

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