Seeing weakness in the market, we moved our client portfolio’s further into the safety of cash today. At the close we went from 75% invested to 55%. This means that we now have 45% of our client’s assets sitting safely in cash protected out of the market. Our latest blog update at: http://resnn.blogspot.com Although I […]
Due to weakness yesterday and Apple’s after hours disappointing earnings release (down 12.5% today!), we moved our client accounts off margin early this morning. Since then, we took a wait and see approach to see if the market could stabilize throughout the day and unfortunately the market closed in a very weak position. As a […]
Due to the volatility in the market last night (mostly as a result of Apple’s disappointing earnings) we took a cautionary approach and moved a portion of the portfolio to cash. For those of you that were on margin, we have taken you off margin and moved 10% of your account into cash, so 90% […]
The results are in, We are very proud to tell our clients that Resnn has once again doubled the return of the S&P 500 and Nasdaq in 2012 and beat the Dow Jones by more than four times! More importantly … Resnn’s return occurred with less risk. Resnn’s actual return was 29.5% is 2012vs. Nasdaq: […]
On behalf of Resnn, I want to welcome you to 2013 and wish you a Happy New Year! May it be full of health, happiness and prosperity. Time for those pesky resolutions – This past week I had the good fortune to get some quiet time to do what most of us of do this […]
Since my last post … not much has changed in the market. We closed at the same level on 5/22/2012, 5/24, 5/25, 5/30, 6/6 as today. We clearly are in a trading range, where the market can’t seem to make up its’ might as to which way it wants to go. Price wise today at […]
Today’s price action left a foul taste in my mouth. We opened with a large gap up (roughly 1% up), and spent most of the day falling to close flat (Nasdaq was down 0.50%). Volume was restrained, so it was nice to see there wasnt a mad rush for the exits as prices fell. Today […]
Today was a stellar day in the market price wise. All the indexes closed up over 2% on news that Europe is going to finally start taking their financial situation seriously. Banks leds the race up. It is a GREAT example that news can change the perception of all players at a moment’s notice and […]
As much as I hate to say it … the last two days of an ‘attempted rally’ has shown me that we are in for more downside and probably starting tomorrow. It is VERY clear looking at the volume signatures in the market that the institutional investors are not interested in buying. You really don’t […]
The action of the market was reassuring today. We spent the morning falling aggressively, and the most of the latter part of the day reversing that down move and closed with a slight gain. This action was VERY constructive and a good start to a new rally attempt. Tomorrow and the next few days if […]