Bubba’s Equity Portfolios Weekly Update 7/29/2023

The SPX was up 45.89 for the week achieved a new weekly clsoing equity high for this move. In lock-step, two of our three Model Portfolios (2A/3A) made new historic closing equity highs.

We laugh at the attempts by the legions of bearish analysts and traders to call the top of this market. Every minor pull-back is met by support and this has been true since the October 2022 lows. Yes, at some point in time (and price), we will start to see sellers overwhelm buyers and that is the beginning of at least a correction or possibly a trend change. But until that happens, we are aboard for the ride as should you.

The trend is our friend.

**There are no new trades**

We rely on price and only price and this accounts for our long term profitability. Simply go with the flow and you will prosper regardless of everything else that goes into what makes markets. Price is reality- not trader’s opinions or forecasts.

We never know the exact date when the drawdown ends and we re-start the profit motor and make new highs. If you are not in the market, you cannot expect to make a profit.

Amateur traders are always looking for the “why” in trading when they should only focus of the “that” because we don’t know whys- but we do know the that. If a market is making higher highs and higher lows, “that” is the very definition of an uptrend. We usually will never know “why” a market does anything. Most losers in the markets think they must have reasons for making a trade based on all kinds of subjective junk. Not us.

Our method is objective, and 100% rule based. There is nothing to understand other than what the algorithm is telling us. Follow the rules and make money- it’s that simple.

New trades:


Here is the formula we use

For a Long Position
Buy the at the money Call
Sell a Put Spread starting with the at the money Put and using the recommended
distance for the Put Spread

For a short Position
Buy the at the money Put
Sell a Call Spread starting with the at the money Call and using the recommended distance for the Call Spread

ATM = At the Money
Long Put = Short Call Spread
Long Call = Short Put Spread

Remember the Groups are only updated once a week, although we have new trades during the week, changes to the Portfolios are only reflected on Saturday. 

New Portfolios Portfolios 7/29/2023

1A – 25K

2A – 18K

3A – 8K