The big news of this past week has to be the Swiss National Bank (SNB) parting ways with the euro. Make no mistake about it, this was a game changer and the ramifications of SNB's actions will be felt for a long time to come. The next big game changer will be Greece exiting out of the Euro and going back to its old currency the Greek drachma. It may not happen next week, or next month, but it will happen. On to the markets - it has been quite a week for the indices, with the DOW, S&P 500 and NASDAQ all down over 2%. The strong downtrend in crude oil was unabated, with crude closing down the week with a loss of 3%. The only two positives of the week, are the dollar index, which closed the week with a gain of 0.7% and gold which climbed to its best levels in over four months with a gain of 3.16% for the week. How To Play The Volatility Game Is there a magic formula for trading in these volatile markets? I don't believe there is a magic formula out there, but there is a formula for trading successfully in volatile markets, and I will show you how you can do that today. I thought it would be interesting to check in on one of our 3 model portfolios and see how it is performing. Unfortunately, I didn't have time to do this in yesterday's video, but, as they say, better late than never. This is the very same portfolio that outperformed 18 of the top 20 billionaire hedge fund managers last year. In today's video, I will share with you exactly how we are positioned in this portfolio. You may be surprised at our holdings and the reason we are positioned that way.
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