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Please Stand By John Thomas for Macro Millionaire Wednesday, February 23 , 2010. The Webinar will Start at 12:00 EST. Macro Millionaire John Thomas The Mad Hedge Fund Trader. Position Update. Macro Millionaire Global Strategy Luncheons Buy tickets at www.madhedgefundtrader.com.
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Please Stand ByJohn Thomas for Macro MillionaireWednesday, February 23, 2010 • The Webinar will Start at 12:00 EST
Macro MillionaireJohn ThomasThe Mad Hedge Fund Trader Position Update
Macro Millionaire Global Strategy LuncheonsBuy tickets at www.madhedgefundtrader.com • March 31, 2011 New York City, 12:00 noonApril 28, 2011 Phoenix, Arizona
Macro Millionaire Global Strategy LuncheonsBuy tickets at www.madhedgefundtrader.com • April 4, 2011 London, England 12:00 noonApril 8, 2011 Paris, France 12:00 noon
Performance • February -1.71%First 12 weeks of Trading+ 18.89% • Versus 10% for the S&P500
Portfolio ReviewMaintainingModest shorts For details please log into the “Macro Millionaire” website members page
(SPY) $135 calls expire worthless • For the $100,000 portfolioleverage factor of 2 X live with consequencesProfit = 72 X 100 X .07 = $504 = 0.504%
The Trade Drought is Over *The markets have turned for the short term*Sell rallies for the short term*Keep positions small*Anything can happen in the Middle East*It’s not going away in a day this time
The Middle East Contagion • *Complete cut off of energy exports, 1.6 million b/d*Oil up $10 in two days, $5/gallon gas in the US?*Contagion fears-Every Middle Eastern dictatorship is a risk*The 800 pound gorilla is Saudi Arabia 12 million barrels/day*If it goes, look for a 1974 repeat and the SPX revisits 666. 10% chance of happening
Trade Sheet • *Stocks-The correction has started, sell rallies short, emerging markets getting trashed*Wait for the big dip*Commodities- Selling off, buy the coming lows*Currencies-sell the yen and euro, *Precious Metals- overbought once again*Volatility-Run your longs, still rising*Real estate-the next down leg has begun