This week was another tough one for the market, which closed a tough month as well. For the week, the major indexes closed with a loss between 0.5% (S&P500) and 1.15% (Dow and Russell 2000), and for the month of January, the indexes closed with a loss of between 1.75% (Nasdaq) and over 5% (the […]
Today we had another nasty drop in the markets. The Nasdaq which has been the strongest acting index for weeks lead today’s decline with a drop of 2.15% . Even the Dow which generally speaking is the most defensive index and the least impacted during a decline fell almost 2%. The breadth of the decline […]
Another fun week in the market. While we started the first day of the week with a sharp decline, the very next day we had an equally sharp reversal completely erasing the sharp downside from the day prior. The rest of the week we have had a relatively quiet consolidation (sideways movement), which generally speaking […]
This week the market moved sideways with very little gain. The market started the New Year with 3 sharp down days of approximately 1% and has since stayed within that 1% level … We have not fallen below that 1% and have not been able to get above it. There was some concern that investors […]
This year has proven frustrating for short-term based strategies like our flagship “the One” strategy. The strategy is very quick to respond to weakness and protect your investments, but as we have seen this year as we have defensively moved to cash the market each time would stabilize and continue higher, leaving us in the […]
Hello everyone. This week proved interesting for sure. Everything looked dire in the early part of the week, until the Federal Reserve announced on Wednesday their decision to end the uncertainty about its quantitative easing strategy, which the market clearly applauded. The latter two days of the week resulted in big up moves. As I […]
Hello everyone, as you know from the mid-week update I sent, we moved fully to cash on Tuesday and have remained there the rest of the week. The market has fallen 1.73% since we exited. Although the underlying issues that we track look quite weak at this moment, we have been in this situation a […]
Hello everyone, not much has changed since our last update. We are still 55% invested in the market (45% of the portfolio is safely in cash), obviously no margin use these days. Although we are still flirting with 52 week highs, the market continues to flash very conflicting messages. For the week, the market basically […]
Hello everyone, a nice calm week in the market. Although volatility has increased a bit, the market spent the week acting in a very orderly manner. On Tuesday we added to our position, going from 55% invested to 100% invested, so now we are fully in the market with no margin use. Not much has […]
Hello everyone, we waded back into the market this week with a 55% exposure. Although we are still seeing a slow breakdown of quality stocks, the market reversed is sharp decline last week and moved higher at the end of this week. A classic “fake-out” yet again. We have seen our share of fake-outs this […]