I’ve received a number of emails asking how much is my portfolio hurting right now and I have to say, not as bad as it could’ve been. Why? Let’s look at my holdings:
Wal-Mart (WMT) - I have it because I think it could benefit from a “likely” U.S. Recession. WMT is up 3.03% so far and put what we call a ‘bullish engulfing’ pattern. Could continue upwards, keep your stop loss at 46.00 just in case it doesn’t.
Other US retailers also put a nice show, Target (TGT) was up 7.45% while American Eagle (AEO) was up 10.82% - does Wall Street think people will go for American Eagle Clothing? Hummm… not sure.
Laboratory Corp (LH) - This is a fundamentally strong company that I’ve written multiple times in the past. Look at how it recovered today.
TD Bank (TD.TO) - Although I don’t feel proud about breaking my rules on this trade I feel it could possibly go up for another bounce (I will exit then). TD indicated they have no exposure to the mortgage problems in the US. We shall see.
Royal Bank was up 6.25% while Bank of Montreal was up only 4.36% and Canadian Imperial Bank-CIBC (CM.TO) was up only 1.17%, can you tell which ones have more trouble ahead?
My Portfolio Summary
Here is what my current portfolio looks like - note that I no longer use dollar amounts for Gains/Losses (new year’s resolution) — it was causing too much controversy 
Overall, not bad, down -1.5% on average, very little compared to the recent drop. Good luck to you folks.
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