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 […]
What a crazy week for the market. The first three days was very sleepy, but yesterday and today really woke up everyone. We started the week fully invested, and on Wednesday reduced our position to 30% invested, then today we exited fully in the middle of the day. On Thursday we saw a dramatic drop […]
Below is a client email alert that was sent earlier today … Hello everyone. A quick update on your Resnn portfolio … CURRENT MARKET EXPOSURE: 110% CASH POSITION: 0% Margin / Leverage use: 10% For those of you who have opted out of margin use, your account is fully invested (100%) in the market. This […]
Below is a client email alert that was sent earlier today … Hello everyone. A quick update on your Resnn portfolio … CURRENT MARKET EXPOSURE: 100% CASH POSITION: 0% Margin / Leverage use: 0% This week the market continued its’ strong resilience and rebuilding effort. As noted in last week’s post, freshly off an almost […]
In my post from last week when we moved our clients fully to cash (resnn-moves-fully-to-cash), I mentioned that after a decline, the strength of the bounce is very indicative of the future direction of the market. When a market declines fast and then bounces back with equal to better vigor it shows strength, but if […]
The market fell hard today … with all the indexes down between 1.5 and 2%. What’s most impressive about this decline is that the market opened UP roughly 0.7% today … so the total drop from open to close was quite severe. If you follow our posts, we moved our clients fully to cash last […]
Yesterday and today’s action confirmed our concern that the market struggling to go higher. We have been seeing weakness in the data for awhile and as a result have not been fully invested in the market for over a month now. The Nasdaq’s lagging strength to the rest of the market has been a concern […]