Category - Weekly Updates

Market Update: 10-19-20

The Issachar Fund (LIONX, BRI, ESG) is 99% invested in 44 leading growth stocks on Sunday, October 18, 2020.  I am more bullish this week than last week and being nearly fully invested confirms my conviction level.  I sold a few laggard stocks that were not meeting my expectations and added to leading growth stocks that appear to be under accumulation.  In a strong bull market, I seek to sell laggard stocks and add to the winners.  After a strong advance on above-average volume last Monday, the market has market drifted down on lighter volume, and it now appears ready to resume its uptrend.  The S&P 500 and the NASDAQ 100 Index are forming a very constructive cup-and-handle chart pattern that may indicate an upside breakout.  Historically, cup-and-handle chart patterns have had success when used on individual stocks, so I believe it is encouraging to see this type of pattern on major indexes.  The weight of the evidence tells me that the indexes may have an upside breakout.  The wind appears to be at our back, and the sails are set high before the election. (There is no guarantee that any investment will achieve its objectives, generate positive returns, or avoid losses.)   

The market is predicting the election outcome!  I believe the market is a huge discounting mechanism, and I feel it is expecting a Trump victory.  If the market thought Biden would win despite the polls, I believe the market would be in a downward spiral.  The S&P 500 Index is up over 75% since the 2016 election, which equates to about 15% annualized.  The S&P 500 Index has a 9.8% annualized rate of return since 1994, so I believe a 15% annualized return since Trump was elected during a pandemic is pretty impressive.  I plan to take my cues from the market and decide if I will sell or hedge LIONX positions before the election.          

The Fed increased its balance sheet by over $76 billion last week, and that is huge!  That is very encouraging and gives me great conviction because that is the largest weekly increase since May.  When the Fed buys $76 billion of bonds, that money has to go somewhere, and I believe it often has a way of trickling down to the stock market.  Investors who sold their bonds to the Fed may have the ability to buy more bonds at lower rates or try to reach for  higher yields in the stock market.  I remain an optimistic bull, but I am also flexible and can change my mind if price heads in the wrong direction.   

Bottom Line: LIONX is fully invested.  I believe the leading stocks appear to be acting well, and the indexes may be positioned for a cup-and-handle breakout.  I believe the Fed has our back and wants to help get Trump reelected, so they will do what is necessary to produce the outcome they desire.  I think the market is predicting that Trump will be victorious! If I am wrong, I am prepared to change LIONX positions seeking to limit risk and avoid life-changing losses.  I have never subscribed to the buy-and-hold philosophy but, instead, adhere to a managed risk approach.  Only God knows the future, and He has promised never to leave or forsake us.  I trust Him and rely on His faithfulness.      

Keep your life free from love of money, and be content with what you have, for he has said, “I will never leave you nor forsake you.  Deuteronomy 31:8

3rd Qtr LIONX Fact Sheet  PodCast  Interview   Blog   Performance   Webinar  My Story  Documents

LIONX is a BRI/ESG, Tactical, Alternative, Mutual Fund Actively Managed like a Hedge Fund.

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Investors should carefully consider the investment objectives, risks, charges, and expenses of the Issachar Fund. This and other important information about the Fund are contained in the prospectus, which can be obtained by calling 1-866-787-8355 or visiting https://www.LIONX.net.  The prospectus should be read carefully before investing. The Issachar Fund is distributed by Northern Lights Distributors, LLC., member FINRA/SIPC.   Horizon Capital Management Inc. (HCM) is not affiliated with Northern Lights Distributors, LLC.  Important Risk Information: Mutual Funds involve risks, including the possible loss of principal.  An investment in the Fund may not be appropriate for all investors.  The Fund may hold cash positions when the Adviser feels that the market is not producing returns greater than the short-term cash investments in which the Fund may invest. There is a risk that the sections of the market in which the Fund invests will begin to rise or fall rapidly, and the Fund will not be able to sell stocks quickly enough to avoid losses or reinvest its cash positions into areas of the advancing market quickly enough to capture the initial returns of changing market conditions.  The Adviser’s judgment about the attractiveness, value, and potential appreciation of particular asset classes and securities in which the Fund invests may prove incorrect and may not produce the desired results. Past performance is no guarantee of future results.  Ratings are only one form of Fund performance and should not be used as the sole consideration in making an investment decision.  For more information regarding the fund, including current performance, please visit www.issacharfund.com. For more information on LIONX, please visit LIONX.net.   NLD Review Code 8073-NLD-10/19/2020

Market Update: 10-12-20

The Issachar Fund (LIONX, BRI, ESG) is 90% invested in 47 leading growth stocks on Sunday, October 11, 2020.  I increased exposure in LIONX last week as many growth stocks continued to exhibit institutional accumulation patterns, which supported my bullish conviction level.  Many leading stocks continue to advance and get more stretched in price, so it is hard to justify buying at those levels.  However, I am finding many other “late comers” offering, what I feel are, lower risk buy points that I plan to take advantage of.  I believe there is still plenty of gas left in the growth stock tank, and I am even more bullish than last week.  I like to follow the leaders because their price and volume action often give me clues about what may be happening under the surface.  The leader’s price/volume action flashed signs of higher risk in March, and that is what I used to keep LIONX in cash from February 25th to March 25th, while the market declined over 20%.  I believe the wind is at our back into the election, especially since the Fed has agreed to keep rates low and liquidity flowing.  If I am wrong, I will not hesitate to do what is necessary, seeking to avoid life-changing losses in LIONX. I am very bullish on the stock market and pleased with the LIONX results this year.  (There is no guarantee that any investment will achieve its objectives, generate positive returns, or avoid losses.)

I believe the market has just completed a typical 8-10% correction in a healthy uptrend! 
The market is trading near all-time highs once again, and I like how the market responds to the news.  The market looks like it is positioning itself to break through its all-time high line of resistance, especially if we get a stimulus package before the election.  It is hard to imagine how we will ever pay for the trillions of dollars that our government keeps spending in the name of COVID, but spending continues to expand.  Maybe we keep spending until the market says enough!  I believe the stock market has the potential to keep rising as long as the Fed keeps printing money.  One day there will likely be a price to pay for this reckless spending, but it does not appear to be today.  A precipitous drop in the dollar is one of the clues that will tell me that risk may be on the rise.  The dollar is in a downtrend and down over 10% since March 19th, but it is not a “steep” one as of yet.  I assume that we will continue to spend money we do not have as long as the world currency market allows us.  We do live in exciting times!

Bottom Line: For the week ending October 11, 2020, leaders continue to lead, and I plan to follow the leaders for clues as to when it may be time to take some chips off the table.  For now, I predict a landslide victory for the Republicans in all three Houses.  I pray to God that I am right because God help us if I am wrong.  I believe God holds the kings in his hand; His favor is on America, and He loves all of us like a Father loves his Son.  God is Love, and I pray that you receive and share His Love with your neighbor.  Amen!      

 A king’s heart is channeled water in the hand of the Lord; God directs it where He pleases.  Proverbs 21:1

The Spirit Himself testifies with our spirit that we are children of God.  Romans 8:16

A new command I give you: Love one another as I have loved you.  John 13:34

3rd Qtr LIONX Fact Sheet   Listen to this Blog PodCast    Listen to my Interview on CPN

LIONX is a Tactical, Alternative, Long/Short, Mutual Fund that is Actively Managed like a Hedge Fund.

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Investors should carefully consider the investment objectives, risks, charges, and expenses of the Issachar Fund. This and other important information about the Fund are contained in the prospectus, which can be obtained by calling 1-866-787-8355 or visiting https://www.LIONX.net.  The prospectus should be read carefully before investing. The Issachar Fund is distributed by Northern Lights Distributors, LLC., member FINRA/SIPC.   Horizon Capital Management Inc., (HCM) is not affiliated with Northern Lights Distributors, LLC.  Important Risk Information: Mutual Funds involve risks, including the possible loss of principal.  An investment in the Fund may not be appropriate for all investors.  The Fund may hold cash positions when the Adviser feels that the market is not producing returns greater than the short-term cash investments in which the Fund may invest. There is a risk that the sections of the market in which the Fund invests will begin to rise or fall rapidly, and the Fund will not be able to sell stocks quickly enough to avoid losses or reinvest its cash positions into areas of the advancing market quickly enough to capture the initial returns of changing market conditions.  The Adviser’s judgment about the attractiveness, value, and potential appreciation of particular asset classes and securities in which the Fund invests may prove incorrect and may not produce the desired results. Past performance is no guarantee of future results.  Ratings are only one form of Fund performance and should not be used as the sole consideration in making an investment decision.  For more information regarding the fund, including current performance, please visit www.issacharfund.com. For more information on LIONX, please visit LIONX.net.   NLD Review Code 8059-NLD-10/12/2020

Market Update: 10-05-20

The Issachar Fund (LIONX, BRI, ESG) is 30% invested in 26 leading growth stocks on Sunday, October 04, 2020. 

3rd Qtr LIONX Fact SheetListen to this Blog PodCastListen to my Interview on CPN

I attempt to judge the market’s health by the price and volume action of the current leading stocks, and I am encouraged with what I am seeing.  Leading stocks appear to be acting well, and many continue to exhibit signs of accumulation by large institutions as their prices rise on above-average volume.  The indexes held lines of support even after President Trump was diagnosed with COVID on Friday.  I am pleased to see leading stocks advance in the face of this potentially bad news. By the Grace of God, I expect the President to recover in record time miraculously.  If he does, I expect that the market could resume its uptrend, and I possibly plan to get more invested in leading stocks. If I am wrong, I will try to do what is necessary to manage risk seeking to avoid life-changing loses.  Now for some 3rd quarter performance numbers.  (There is no guarantee that any investment will achieve its objectives, generate positive returns, or avoid losses.)

The performance data quoted here represents past performance. Current performance may be lower or higher than the performance data quoted above. Past performance is no guarantee of future results. The investment return and principal value of an investment will fluctuate so that investor’s shares, when redeemed, may be worth more or less than their original cost. For performance information current to the most recent month-end, please call toll-free 866-787-8355.  Total annual fund operating expenses are 3.38%.

Bottom Line: For the week ending October 4, 2020, Risk appeared to be declining as many leading stocks seemed to be under accumulation with prices rising on above-average volume.  If leading stocks showed signs of distribution like in February, I would be more concerned and expect the market to decline further.  However, I believe the Fed is still on our side, and they will keep rates low and liquidity high for the foreseeable future.  I pray and expect President Trump to fully recover and come out swinging to make America Great Again. Thanks for your time and may God Bless You and America!  

Be strong and courageous. Do not be afraid; do not be discouraged; for the LORD, your God will be with you wherever you go.  Joshua 1:9

Click here for the LIONX 3rd Qtr. Fact Sheet

Subscribe to Charisma Podcast Network, Spotify, or iTunes to listen to my Blogs in a PodCast

Fast and Free BRI & ESG compliance check for Stocks, ETFs, and Funds

LIONX is a Tactical, Alternative, Long/Short Mutual Fund that is Actively Managed like a Hedge Fund.

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Investors should carefully consider the investment objectives, risks, charges, and expenses of the Issachar Fund. This and other important information about the Fund are contained in the prospectus, which can be obtained by calling 1-866-787-8355 or visiting https://www.LIONX.net.  The prospectus should be read carefully before investing. The Issachar Fund is distributed by Northern Lights Distributors, LLC., member FINRA/SIPC.   Horizon Capital Management Inc., (HCM) is not affiliated with Northern Lights Distributors, LLC.  Important Risk Information: Mutual Funds involve risks, including the possible loss of principal.  An investment in the Fund may not be appropriate for all investors.  The Fund may hold cash positions when the Adviser feels that the market is not producing returns greater than the short-term cash investments in which the Fund may invest. There is a risk that the sections of the market in which the Fund invests will begin to rise or fall rapidly, and the Fund will not be able to sell stocks quickly enough to avoid losses or reinvest its cash positions into areas of the advancing market quickly enough to capture the initial returns of changing market conditions.  The Adviser’s judgment about the attractiveness, value, and potential appreciation of particular asset classes and securities in which the Fund invests may prove incorrect and may not produce the desired results. Past performance is no guarantee of future results.  Ratings are only one form of Fund performance and should not be used as the sole consideration in making an investment decision.  For more information regarding the fund, including current performance, please visit www.issacharfund.com. For more information on LIONX, please visit LIONX.net.   NLD Review Code 8021-NLD-10/04/2020

Market Update: 09-28-20

The Issachar Fund (LIONX, BRI, ESG) is 100% in CASH on Sunday, September 27, 2020. 

(Listen Hear to This Blog PodCast)   (Listen Hear to my Interview on CPN)

The NASDAQ 100, S&P 500, and Junk Bond Indexes are trading below their 50-day moving averages (DMA), which tells me risk is rising.  My line in the sand was crossed last week, so I went to an all-cash position in LIONX as I did in February when the indexes fell below their respective 50-DMAs.  I would rather be out of the market wishing I was in instead of being in the market wishing I was out.  In other words, I would rather miss an opportunity than potentially lose money.  Said another way, nothing good happens after midnight or below the 50-DMA.  Historically, I believe the 50-DMA is where many institutions commonly support their favorite stocks.  If big money tries to support their favorite stocks at the 50-DMA and the sellers overwhelm the buyers, then the stock could fall below its 50-DMA, indicating to me that risk has been elevated.  Historically, the junk bond market has been a good indicator of investors’ appetite for risk, and it is currently telling me that risk is rising.  Therefore, I believe caution is warranted.  However, I think the market is digesting recent gains, and it may take a while to shake out the weaker hands before the big money buying can dominate the indexes once again.  Never the less, I try to follow price and volume and not what I believe, and I see elevated risk in the market.  Therefore, I will get back invested when I am convinced that risk has subsided, and the market has the potential of rewarding me for taking risk.  On a positive note, the indexes and FAANG stocks have held support and are rallying into their respective 50-DMAs.  If they break above their 50-DMAs on above-average volume, then I plan to dip my toe in the water.  I believe LIONX has plenty of capacity to grow, so please help me spread the Good News!  (There is no guarantee that any investment will achieve its objectives, generate positive returns, or avoid losses.)

The Fed increased its balance sheet again by $29 billion last week, so the uptrend appears to be encouraging!  I expected the Fed to step on the gas ahead of the election, but the market does not care what I want.  It does what it does, and I attempt to follow its lead.  I believe the market was factoring in another stimulus package, and now maybe the market does not think it will happen before the election.  Although, I did hear talks of a smaller $2 trillion spending package that may have some merit.  No one knows what will happen, and we all have opinions and biases.  I have found in my 30 plus years of managing risk that there are times to be invested where I water the flowers, and there are times to go fishing where I pull some weeds. I believe this may be a time for caution, but that could change if stimulus talks look viable.     

Investor’s Business Daily (IBD) changes from “Market Under Pressure” to “Market in Correction” on Thursday!  IBD changed its market outlook due to above-average selling distribution.  IBD does not recommend buying until we get a Follow Through Day (FTD).  An FTD is a 1.5% Index gain more than three days after an Index low on greater volume.  IBD claims that an FTD has preceded every bull market since 1890! It might be a good idea to heed the IBD sell signal and wait for an all-clear signal before assuming the correction is over. 

Why are we been lied to?  Every life is a precious gift from God, and every death is tragic. Why did the government shut down the American economy if approximately 200,000 of the 330,000,000 (.06%) Americans died with COVID-19?  The CDC estimates that 808,129 people were hospitalized with the Flu in 2017-2018.  As of September 24, 2020, 400,840 (covidtracking.com) have cumulatively been hospitalized with COVID-19. Why didn’t they shut down the economy in 2017-2018?  Maybe it is because the media did not tell us to be afraid.  Are scared people easier to manipulate?  Perhaps the media wants us to believe their narrative and not vote for a specific person?  I believe darkness hates the light, and the Truth represents the light.  Fear is not from God, and the Truth will always set you free.  Please do not let anyone steal your Peace.  God gives us freedom, and it is sad when the government tries to take it away with forced lockdowns and mandatory mask-wearing.  I pray that you challenge what you see/hear and have the courage to Believe the Truth!   


Bottom Line
: Risk appears to be rising, and now may be a time to take some chips off the table.  LIONX is in Cash waiting for the indexes to trade above their 50-DMAs before committing capital back in the market.  Sometimes, our best offense is a good defense.  Remember that Cash is a position, and sometimes you can win by losing less.  I remain defensive with a humble heart, and I try hard to rely on Wisdom from God and not lean on my understanding.  Believe the Truth, dispel the lies and trust the Holy Spirit in your heart.  God is for you and not against you, and He will never leave you nor forsake you.  That is the Truth!             

You will know the truth, and the truth will set you free. John 8:38

Click here for the LIONX 2nd Qtr. Fact Sheet 

Subscribe to Charisma Podcast Network, Spotify, or iTunes to listen to my Blogs in a PodCast

Fast and Free BRI & ESG compliance check for Stocks, ETFs, and Funds. 

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Investors should carefully consider the investment objectives, risks, charges, and expenses of the Issachar Fund. This and other important information about the Fund are contained in the prospectus, which can be obtained by calling 1-866-787-8355 or visiting https://www.LIONX.net.  The prospectus should be read carefully before investing. The Issachar Fund is distributed by Northern Lights Distributors, LLC., member FINRA/SIPC.   Horizon Capital Management Inc., (HCM) is not affiliated with Northern Lights Distributors, LLC.  Important Risk Information: Mutual Funds involve risks, including the possible loss of principal.  An investment in the Fund may not be appropriate for all investors.  The Fund may hold cash positions when the Adviser feels that the market is not producing returns greater than the short-term cash investments in which the Fund may invest. There is a risk that the sections of the market in which the Fund invests will begin to rise or fall rapidly, and the Fund will not be able to sell stocks quickly enough to avoid losses or reinvest its cash positions into areas of the advancing market quickly enough to capture the initial returns of changing market conditions.  The Adviser’s judgment about the attractiveness, value, and potential appreciation of particular asset classes and securities in which the Fund invests may prove incorrect and may not produce the desired results. Past performance is no guarantee of future results.  Ratings are only one form of Fund performance and should not be used as the sole consideration in making an investment decision.  For more information regarding the fund, including current performance, please visit www.issacharfund.com. For more information on LIONX, please visit LIONX.net.   NLD Review Code 3997-NLD-9/28/2020

(Listen Hear to This Blog PodCast)   (Listen Hear to my Interview on CPN)

The NASDAQ 100, S&P 500, and Junk Bond Indexes are trading below their 50-day moving averages (DMA), which tells me risk is rising.  My line in the sand was crossed last week, so I went to an all-cash position in LIONX as I did in February when the indexes fell below their respective 50-DMAs.  I would rather be out of the market wishing I was in instead of being in the market wishing I was out.  In other words, I would rather miss an opportunity than potentially lose money.  Said another way, nothing good happens after midnight or below the 50-DMA.  Historically, I believe the 50-DMA is where many institutions commonly support their favorite stocks.  If big money tries to support their favorite stocks at the 50-DMA and the sellers overwhelm the buyers, then the stock could fall below its 50-DMA, indicating to me that risk has been elevated.  Historically, the junk bond market has been a good indicator of investors’ appetite for risk, and it is currently telling me that risk is rising.  Therefore, I believe caution is warranted.  However, I think the market is digesting recent gains, and it may take a while to shake out the weaker hands before the big money buying can dominate the indexes once again.  Never the less, I try to follow price and volume and not what I believe, and I see elevated risk in the market.  Therefore, I will get back invested when I am convinced that risk has subsided, and the market has the potential of rewarding me for taking risk.  On a positive note, the indexes and FAANG stocks have held support and are rallying into their respective 50-DMAs.  If they break above their 50-DMAs on above-average volume, then I plan to dip my toe in the water.  I believe LIONX has plenty of capacity to grow, so please help me spread the Good News!  (There is no guarantee that any investment will achieve its objectives, generate positive returns, or avoid losses.)

The Fed increased its balance sheet again by $29 billion last week, so the uptrend appears to be encouraging!  I expected the Fed to step on the gas ahead of the election, but the market does not care what I want.  It does what it does, and I attempt to follow its lead.  I believe the market was factoring in another stimulus package, and now maybe the market does not think it will happen before the election.  Although, I did hear talks of a smaller $2 trillion spending package that may have some merit.  No one knows what will happen, and we all have opinions and biases.  I have found in my 30 plus years of managing risk that there are times to be invested where I water the flowers, and there are times to go fishing where I pull some weeds. I believe this may be a time for caution, but that could change if stimulus talks look viable.     

Investor’s Business Daily (IBD) changes from “Market Under Pressure” to “Market in Correction” on Thursday!  IBD changed its market outlook due to above-average selling distribution.  IBD does not recommend buying until we get a Follow Through Day (FTD).  An FTD is a 1.5% Index gain more than three days after an Index low on greater volume.  IBD claims that an FTD has preceded every bull market since 1890! It might be a good idea to heed the IBD sell signal and wait for an all-clear signal before assuming the correction is over. 

Why are we been lied to?  Every life is a precious gift from God, and every death is tragic. Why did the government shut down the American economy if approximately 200,000 of the 330,000,000 (.06%) Americans died with COVID-19?  The CDC estimates that 808,129 people were hospitalized with the Flu in 2017-2018.  As of September 24, 2020, 400,840 (covidtracking.com) have cumulatively been hospitalized with COVID-19. Why didn’t they shut down the economy in 2017-2018?  Maybe it is because the media did not tell us to be afraid.  Are scared people easier to manipulate?  Perhaps the media wants us to believe their narrative and not vote for a specific person?  I believe darkness hates the light, and the Truth represents the light.  Fear is not from God, and the Truth will always set you free.  Please do not let anyone steal your Peace.  God gives us freedom, and it is sad when the government tries to take it away with forced lockdowns and mandatory mask-wearing.  I pray that you challenge what you see/hear and have the courage to Believe the Truth!   


Bottom Line
: Risk appears to be rising, and now may be a time to take some chips off the table.  LIONX is in Cash waiting for the indexes to trade above their 50-DMAs before committing capital back in the market.  Sometimes, our best offense is a good defense.  Remember that Cash is a position, and sometimes you can win by losing less.  I remain defensive with a humble heart, and I try hard to rely on Wisdom from God and not lean on my understanding.  Believe the Truth, dispel the lies and trust the Holy Spirit in your heart.  God is for you and not against you, and He will never leave you nor forsake you.  That is the Truth!             

You will know the truth, and the truth will set you free. John 8:38

Click here for the LIONX 2nd Qtr. Fact Sheet 

Subscribe to Charisma Podcast Network, Spotify, or iTunes to listen to my Blogs in a PodCast

Fast and Free BRI & ESG compliance check for Stocks, ETFs, and Funds. 

**********************************************************************************

Investors should carefully consider the investment objectives, risks, charges, and expenses of the Issachar Fund. This and other important information about the Fund are contained in the prospectus, which can be obtained by calling 1-866-787-8355 or visiting https://www.LIONX.net.  The prospectus should be read carefully before investing. The Issachar Fund is distributed by Northern Lights Distributors, LLC., member FINRA/SIPC.   Horizon Capital Management Inc., (HCM) is not affiliated with Northern Lights Distributors, LLC.  Important Risk Information: Mutual Funds involve risks, including the possible loss of principal.  An investment in the Fund may not be appropriate for all investors.  The Fund may hold cash positions when the Adviser feels that the market is not producing returns greater than the short-term cash investments in which the Fund may invest. There is a risk that the sections of the market in which the Fund invests will begin to rise or fall rapidly, and the Fund will not be able to sell stocks quickly enough to avoid losses or reinvest its cash positions into areas of the advancing market quickly enough to capture the initial returns of changing market conditions.  The Adviser’s judgment about the attractiveness, value, and potential appreciation of particular asset classes and securities in which the Fund invests may prove incorrect and may not produce the desired results. Past performance is no guarantee of future results.  Ratings are only one form of Fund performance and should not be used as the sole consideration in making an investment decision.  For more information regarding the fund, including current performance, please visit www.issacharfund.com. For more information on LIONX, please visit LIONX.net.   NLD Review Code 3997-NLD-9/28/2020

Market Update: 09-21-20

The Issachar Fund (LIONX, BRI, ESG) is 58% invested in 22 leading growth stocks on Sunday, September 20, 2020.  (Listen Hear to This Blog PodCast) I did some buying and selling last week to realign LIONX with the current technical pullback.  The NASDAQ 100 Index (NAZ) is trading below its 50-day moving average on higher volume, but it is holding its recent line in the sand, so I am constructive and encouraged. I believe this is a normal correction in an uptrend that may need a little time to digest recent gains, and it is not a fundamental change like we saw in February.  The stock leaders are still hanging in there, and new leaders appear to be emerging out of bases, so I believe the rally yet may have more legs.  I see a lot of sector rotation, and I think that is a good sign versus the money going cash.  Sector rotation, historically tends to keep things propped up, so I remain cautiously invested.  As long as the money stays “in the market,” I believe it will find a place where it is welcomed, and that is where I am hunting this season. (There is no guarantee that any investment will achieve its objectives, generate positive returns, or avoid losses.)

The Fed increased its balance sheet last week by $54 billion!  When the Fed buys $54 billion of bonds, the proceeds often have a way of trickling down into the stock market, lifting many boats.  I believe the Fed has our back and will do whatever is necessary to support the market and the economy to ensure a Trump victory.  The Fed announced last week they plan to keep interest rates near zero until 2023!  That is an enormously powerful statement that can create a considerable degree of certainty for companies to plug into their business planning models.  Lower interest rates often correlate to a weaker currency, which can help exporting companies.  As companies export more, their profits typically rise, especially when they convert their overseas earnings into local dollars.  A weak dollar helps with exports, which helps with our trade imbalance, and the more we export, the more America tends to profit. 

Bottom Line:  The NAZ is down about -12% from its recent high on September 2, and I believe the correction may have run its course.  I see money slopping and chopping in the market going from stock to stock and not a lot of money going to cash as I saw in February, so I am bullish, but caution flags are flying.  Many stock leaders that led us out of the March low have been beaten up pretty bad in this technical correction, but I do not see this as a fundamental shift as we saw in February.  We may need a little time for the leaders to take a breather and form new bases.  However, I am still finding new leaders with accelerating earnings and sales and constructive chart patterns.  I believe the Fed is still on our side, and I do not see that changing anytime soon, so I expect a rising tide of newly created Fed money to lift many boats. I am proud to be an American but more proud to be a Son of the Most High God.  I pray you know who are and whose you are and fulfill your God-given destiny.                       

Because you are sons, God has sent forth the Spirit of His Son into our hearts, crying, “Abba! Father!” Therefore you are no longer a slave, but a son; and if a son, then an heir through God.
Galatians 4, 6-7

Click here for the LIONX 2nd Qtr. Fact Sheet 

Subscribe to Charisma Podcast Network, Spotify, or iTunes to listen to my Blogs in a PodCast

**********************************************************************************

Investors should carefully consider the investment objectives, risks, charges, and expenses of the Issachar Fund. This and other important information about the Fund are contained in the prospectus, which can be obtained by calling 1-866-787-8355 or visiting https://www.LIONX.net.  The prospectus should be read carefully before investing. The Issachar Fund is distributed by Northern Lights Distributors, LLC., member FINRA/SIPC.   Horizon Capital Management Inc., (HCM) is not affiliated with Northern Lights Distributors, LLC.  Important Risk Information: Mutual Funds involve risks, including the possible loss of principal.  An investment in the Fund may not be appropriate for all investors.  The Fund may hold cash positions when the Adviser feels that the market is not producing returns greater than the short-term cash investments in which the Fund may invest. There is a risk that the sections of the market in which the Fund invests will begin to rise or fall rapidly, and the Fund will not be able to sell stocks quickly enough to avoid losses or reinvest its cash positions into areas of the advancing market quickly enough to capture the initial returns of changing market conditions.  The Adviser’s judgment about the attractiveness, value, and potential appreciation of particular asset classes and securities in which the Fund invests may prove incorrect and may not produce the desired results. Past performance is no guarantee of future results.  Ratings are only one form of Fund performance and should not be used as the sole consideration in making an investment decision.  For more information regarding the fund, including current performance, please visit www.issacharfund.com. For more information on LIONX, please visit LIONX.net.   NLD Review Code 3995-NLD-9/21/2020

Market Update: 09-14-20

The Issachar Fund (LIONX, BRI, ESG) is 60% invested in 27 leading growth stocks as of Sunday, September 13, 2020.  (PodCast) The Nasdaq 100 Index (NAZ) bounced near its 50-day moving average (DMA) in the last five days and held this line of support Friday on above-average volume.  I view this as very constructive.  The NAZ is dominated by large technology companies that have led the stock market rally since the March bottom.  The NAZ quickly dropped over 10% in three trading days from September 2nd to September 8th, and that has scared a lot of weak holders, so maybe the selling is done for now.  If this line of support is broken on above-average volume, I will pull in my bullish horns and take necessary steps seeking to reduce the risk in LIONX.  However, my gut instinct tells me that the Fed still has our back, and they will likely support the stock and bond market to ensure a Trump reelection.  Most LIONX positions are trading near my “line in the sand” areas of support, so a 50dma NAZ break would likely cause me to do some selling.  If large institutional money managers have a favorable outlook on the economy, they typically buy (support) their favorite stocks as they trade near their 50-DMA’s.  If the NAZ breaks support on above-average volume, that will indicate to me that “big money” does not like what it sees a few months out.  I view the glass half-full and see a lot of good coming out of the November election.  However, if support does not hold the “line in the sand,” that will indicate the future is far more uncertain than I perceive, and I will likely need to exercise discipline, seeking to reduce risk.  I never buy and hold anything or fall in love with any stock because I believe there are times to be invested, and there are times to sit in cash on the sidelines. For now, the market appears to be supported, but a caution light is flashing.  (There is no guarantee that any investment will achieve its objectives, generate positive returns, or avoid losses.)

The Fed reduced its balance sheet by $6 billion last week, which does not concern me!  If they would be aggressively reducing their balance sheet, then I would be more concerned.  However, I am watching every move they make because I believe they hold the key to liquidity, which historically fuels the market.  The Fed meets Tuesday and Wednesday to discuss rate setting, and I expect them to offer verbal and monetary support, hoping to firm up the markets.  I believe this will be a make or break week for the stock market.  If the Fed does not support the market, we could be in for some ugly price action on the downside.  I am a cautious bull but could change my mind if the character of the market changes

Bottom line: The NAZ is finding support at its 50-DMA and that puts me in the cautious bull camp.  The leading NAZ stocks are holding up relatively well, and that tells me that “big money” is supporting their favorite stocks because they may like what they see over the next few months.  If the NAZ breaks below its 50-DMA on above-average volume, then I may change my opinion and exercise discipline seeking to reduce risk in LIONX.  By the Grace of God, I am doing what I believe I am called to do, and I pray you are doing the same.       

Let us then approach the throne of grace with confidence, so that we may receive mercy and find grace to help us in our time of need. Hebrews 4:16   

 Click here for the LIONX 2nd Qtr. Fact Sheet 

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Investors should carefully consider the investment objectives, risks, charges, and expenses of the Issachar Fund. This and other important information about the Fund are contained in the prospectus, which can be obtained by calling 1-866-787-8355 or visiting https://www.LIONX.net.  The prospectus should be read carefully before investing. The Issachar Fund is distributed by Northern Lights Distributors, LLC., member FINRA/SIPC.   Horizon Capital Management Inc., (HCM) is not affiliated with Northern Lights Distributors, LLC.  Important Risk Information: Mutual Funds involve risks, including the possible loss of principal.  An investment in the Fund may not be appropriate for all investors.  The Fund may hold cash positions when the Adviser feels that the market is not producing returns greater than the short-term cash investments in which the Fund may invest. There is a risk that the sections of the market in which the Fund invests will begin to rise or fall rapidly, and the Fund will not be able to sell stocks quickly enough to avoid losses or reinvest its cash positions into areas of the advancing market quickly enough to capture the initial returns of changing market conditions.  The Adviser’s judgment about the attractiveness, value, and potential appreciation of particular asset classes and securities in which the Fund invests may prove to be incorrect and may not produce the desired results. Past performance is no guarantee of future results.  Ratings are only one form of Fund performance and should not be used as the sole consideration in making an investment decision.  For more information regarding the fund, including current performance, please visit www.issacharfund.com. For more information on LIONX, please visit LIONX.net.   NLD Review Code 3981-NLD-9/14/2020