oil – The Generation X-Files

Through the August Dip, Trading Continues

1Sep

By X ManNo Comments

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Through the August Dip, Trading Continues

In August, more money was poured into the trading strategy, about $2,000. (I started with $1,000 in May of 2021.) 14 shares of T-Mobile US Inc. were purchased on August 1st for $143.22, totaling $2,005.07. The shares were sold yesterday for $144.34, returning 0.8 percent for the month. Now, T-Mobile is no longer the top stock. (adsbygoogle = window.adsbygoogle || []).push({}); For comparison, the S&P 500 exchange-traded index fund, SPY, returned negative 5.2 percent in August. So this trading strategy continues to outperform the broader market. In mid-August, the S&P reached its short-term peak then headed lower. In a speech on Friday 8/26, Fed Chairman Jerome Powell indicated they will continue raising interest rates in order to move moneta...

3Jul

By X ManNo Comments

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It’s Oil Stock Musical Chairs

Thursday was the last trading day of June and ConocoPhillips (COP) is no longer the top stock in the S&P 100. On June 1st, ten shares of COP were purchased for $114.90 each totaling $1,149.05 and $56.39 in cash was leftover. Yesterday, the COP shares were sold at a loss for $91.03 for a total proceeds of $910.28. Along with the leftover cash balance, there was a grand total of $966.67 in cash in the bank. The starting testing balance on May 3, 2021 was $1,001.66 so this strategy has returned negative 3.5 percent over the last fourteen months. (adsbygoogle = window.adsbygoogle || []).push({}); For comparison, the S&P 500 exchange traded fund SPY has returned negative 8.4 percent over the same time, including dividends. Market volatility ...

31May

By X ManNo Comments

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Oil Stocks Continue to Lead

Today is the last trading day of May and Exxon Mobil (XOM) is no longer the top stock of the S&P 100. On May 2nd, I bought twelve XOM shares for $86.40 each totaling $1,036.80 and had $56.39 in cash leftover. I just sold the XOM shares for $98.16 for a total proceeds of $1,177.92. Along with the leftover cash balance, I now have a grand total of $1,234.31 in cash. I started testing with $1,001.66 so this strategy has returned 23.2 percent over the last thirteen months. (adsbygoogle = window.adsbygoogle || []).push({}); For comparison, the S&P 500 exchange traded fund SPY has returned 0.5 percent over the the same time, including dividends. Market volatility continued in May as the SPY hit a year-to-date closing low of $389.46 on the 19th....

1Apr

By X ManNo Comments

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The Trading Strategy: Eleven Months In

Yesterday was the last trading day of March and ConocoPhillips (COP) is no longer the top stock of the S&P 100 going into April. On February 1st, I bought eleven shares for $90.63 each, totaling $996.92. I had $8.96 in cash leftover. On March 1st, the shares paid $5.06 in dividends increasing my cash balance to $14.02. Yesterday, I sold the eleven shares for $101.86 each for a total of $1,120.45. Along with the cash balance, I now have a grand total of $1,134.47 in cash. I started testing with $1,001.66 so this strategy has yielded 13.3 percent over the last eleven months. This is good considering market volatility continued in March due to the ongoing war in Ukraine, rising inflation, and Federal Reserve tightening. See the table below for a summary of each month’s ending ba...