October 2016 Results

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.

screen-shot-2016-11-01-at-10-52-32-amWe 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.

screen-shot-2016-11-01-at-10-24-35-amHopefully 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.2016-11-01-spx-daily-plainToday 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.

 

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