System update 3/28

Not much to update you on. Market volatility has picked up quite a bit this past week as can be seen by the fluctuations in the VIX index. Short term bias seems negative as home foreclosures and a slowing economy weigh on investors confidence.

The system remains in buy mode.

Chart

Here's a chart of how my aggresive portfolio is performing. As you can see we have returned 11% YTD. This chart is updated daily just follow the links on the left to see performace of both our portfolios.

System update 3/21

Since our buy signal was gives over a week ago we've enjoyed some healthy returns. Today's rally after the fed comments is very encouraging, to continued market strength. I guess some of the best trades we make are the ones we feel the most uncomfortable taking.

System remains in buy mode.

Fills

We sold our QID position at 55.73 and entered a long position in IWO at 78.10.

System update 3/13 Buy signal given

Hello everyone, the system have given us a buy signal today. We will look to exit our QID position in our aggressive portfolio and go long the IWO ETF in both portfolios.

This move is particularly hard for me to make as I continue to believe market weakness will prevail for the short term, but none the less I have faith in the system and it's great long run record. I will come back here and post fill prices as soon as the order is processed.

System update 3/5

Markets across the world tumbled last week on concerns of a slowing economy here and abroad in China. Although this is what most talking heads keep saying on TV, IMHO is not the reason. Rather, the trigger was pulled a couple weeks back when the BOJ raised interest rates for the first time in a decade. This ended the carry trade that most hedge funds have been taking. Borrowing cheap money and investing it abroad.

So are we out of the woods yet? I don't think so and to tell you the truth I'm expecting another big sell off before the market stabilizes. Either way, my opinion will not effect my trading decisions. The system is currently in sell mode but is getting close to giving us a buy signal, if that signal materializes I will take it. Last week our aggressive portfolio was up close to 10%. You can view performance of both portfolios by clicking on the links on the right side of this page titled 'Track the system performance'.

The system remains in sell mode.