Welcome to Blue Chip Options

Video Commentary for June 6th, 2011

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Floyd's Shifty Fifty

Floyd’s “Shifty 50” Stock Portfolio It’s a simple theory. My Dad, as a student and later the only licensee of Richard D Wyckoff, famed trader of the 1920’s, instructed me on the 50 positions he studied and taught, and I began hand charting point and figure charts when I was 10 years old. My Dad was trained in “manage little perfectly” and taught me to be a student of the “specialty” not the “all”.

http://en.wikipedia.org/wiki/Richard_D._Wyckoff

Much like those using Dow theory I work to project the Dow over the short term, and watch sectors for being overbought/oversold.

I believe it is easier to be EXCELLENT at a few things, than “kind of good” at some things.

I do not over read the news or subscribe to financial newsletters that recommend stocks, deciding instead to focus on up to 50 investments, investing in no more than 10 positions at any one time.

Blue Chip portfolios are online, showing the three core categories in which I invest. We are trading together.

Core: These are longer term IRA, SEP, retirement or “buy and hold” investments. Most pay dividends. Only a few are “funds”, as most mutual funds underperform the market.

Speculative: Typically here BCO will short or take long, or buy options; on specific stocks we see as of extreme value (underpriced) OR headed to breakout.

Real $: Gold, silver, platinum, and U.S. Treasury Bills we consider cash. It is often up to 50% or more of our portfolios.

Our current holdings and Floyd's Shifty 50 are available at StockCharts.com so you can also review the Point and Figure chart associated with each company!

Click here for the Shifty 50 P&F charts

Pivot Point Calculator

Download our Intraday Pivot Point Calculator Spreadsheet

PivotPointCalculator.xls
(Excel Doc) Updated 8/09/09

Point and Figure Charting Videos

Training Videos on Point and Figure Charting...
A main focus of our training is Point and Figure Charting. Please take the time to review these videos in order to better understand how to interpret the market.

Point and Figure Charting - Lesson 1:

Point and Figure Charting - Lesson 2:

Point and Figure Charting - Lesson 3:

Point and Figure Charting - Lesson 4:

Point and Figure Charting - Lesson 5:

Point and Figure Charting - Lesson 6:

Point and Figure Charting - Lesson 7:

Point and Figure Charting - Lesson 8:

Point and Figure Charting - Lesson 9:

Point and Figure Charting - Lesson 10:

-The Traders at Blue Chip Options-

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