October continued the market consolidation that began in August.  Key considerations this past month included oil topping out, in line with our expectations [see: Welcome to Peak Oil], and USDJPY finally breaking out after nearly a year in the same falling channel.  And, of course, the upcoming election has had everyone on edge.

Our theoretical long/short SPX portfolio came in at 11.28%, a 13.22% pickup over the S&P 500’s 1.94% loss. Our average since Jan 2015 now stands at 16.62% per month, versus 0.21% for the S&P.

We were able to continue decreasing the number of trade advices, averaging less than one per day for the first time in many months.  As I wrote last month, this will continue to be an emphasis for us.

Hopefully the market will cooperate.  One difference versus previous months was the reduced number of large overnight gaps.  We did a pretty good job of anticipating those that did occur.Today marks the last day of our membership promotion, and is also the last day we’ll be offering annual memberships — at least, for a while.  To learn more and to take advantage of the discounts being offered, CLICK HERE.