What's a little invasion between friends? Apparently, it was enough to cancel the US delegation to the Paralympics (but our athletes are still going), but not much else of note happened which is why, in a "sudden" crisis, we follow the tried and true strategy of "Don't Just Do Something, Stand There!" You can follow the link to get my logic on inaction but, suffice to say, we practice what we preach!
We opprtunisically went short on oil at $105 (now $103.50 for a $1,500 per contract gain), we also picked up the USO April $38 puts for $1.25 and we went long EWG, buying 10 of the July $30 calls for $1.60 and selling 10 of the April $31 calls for 0.65 in our $25,000 Portfolio – taking advantage of what we considered to be Germany's over-reaction to the "crisis".
We also added more AAPL, of course – but we do that any time they dip, so it had little to do with the Ukraine. Going long on /NG (Natural Gas Futures) is something we've been doing since last week and that trade has been very reliable for quick $500 per contract gains ($4.55) – over and over again. That's all we did yesterday – those few trades – because it was wiser to watch and wait than adjust our larger positions, when we didn't have all the facts yet.
As you can see from Dave Fry's Dow Chart, after a dip to 16,100, we held the 50 dma at 16,155, prompting me to say to our Members after lunch:
Germany finished down 3.44% today, France down 2.66%, Italy down 3.34%, Spain down 2.33% and London down 1.49% so either they are way too worried or we are not worried enough…
We've been improving since they closed – hard to see how we can ignore things if they have
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