4 Winners - Optik up 426% YTD
Today we realized a gain of 25% on the alert we issued for Citigroup Inc. (C). That was the fourth winning alert realized this week. For the week we have gained 117%. The markets are still in a bullish posture and we continue to monitor for dips that present great opportunities. Our new methodology of limiting stop losses to a maximum of 35% (if possible and so far, so good) has resulted in significant gains in the first six months of 2017. At this pace we could see a total return for the year of over 800%. The Fed (Janet Yellen) increased the short-term interest rate by a quarter-point bringing it to a range of 1% to 1.25%. This boosted bank stocks and helped our alert on Citigroup reach its target. The rate hike may lead to higher borrowing costs for consumers and businesses. The Fed foresees one additional rate hike this year. The message the markets drew from the hike was that the Fed is upbeat on the U.S. economy
with little risk of a recession. Though the economy is growing only sluggishly and though inflation remains chronically below the Fed's 2 percent target, it foresees improvement in both measures over time.