Category - Weekly Updates

Market Update: 02-11-19

The Issachar Fund (LIONX) is about 30% invested in stocks and ETFs.  I reduced exposure last week since LIONX positions were not performing as expected.  I believe “slugging” % is more important than “batting average” so I try to keep my losses small and let my winners run.  I tend to play a little “close to the vest”.  I am seeking stocks/ETFs exhibiting strong relative strength, great fundamentals (earnings and sales) and nice looking technicals (chart patterns).  I believe my “Buy List” is full of potential winners but I am patiently seeking to “buy right” because I feel that is my first line of defense and a major component of sound risk-management.

 

 

The European Union (EU) slashed its GDP outlook for Germany from 1.8% to 1.1% and the Euro Zone from 1.9% to 1.3% for 2019.  This is a huge reduction in growth expectations and may confirm what the bond market has been trying to tell us.  Global growth is slowing and that could mean lower profits for stocks.  US and global bonds across the board have been rising as yields have been falling since October, right after the market peaked. The spread between the 2-year and the 10-year Treasury yields have narrowed to about 16 basis points and could possibly flatten.  A flattening yield curve could be a signal of lower expected slower growth.  If the spread flattens or turns negative, I would not be surprised to see the stock market head lower to test the Christmas Eve low.  The weight of the evidence is confirming my conviction to buy more bonds.  I am in the interpretation business and not the prediction business, but it sure feels like slower growth is on the horizon.

Everything looked rosy last week but my “rose colored glasses” are getting foggy.  The Dow has survived several tests on the 200-day moving average (dma) on pullbacks recently BUT the Dow is the only index to make it through its 200-dma.  The S&P 500 and NASDAQ hit up against its 200-dma where it “stalled and churned” on higher volume.  However, both the NASDAQ and the S&P 500 spent the last half of January consolidating their gains along the 50-dma which may now help them clear the 200-dma.  Time will tell.

I believe the market is still hooked on the opioid of cheap Fed money.  If the Fed were to take away the punch bowl of liquidity/credit, I believe the market would suffer a serious decline for longer than most expect.  Powell is not an economist and Trump is not a politician.  They both appear to be practical business men and they understand how businesses and countries run.  I believe they will do everything in their power to keep this market going in the right direction.  If they do their jobs, then I feel the market will head higher.  However, a small group of people at the Fed (under political pressure) who try to control a dynamic market may fail, no matter how smart they are.  My focus remains on Price and Volume of Leading stocks and the major Indexes.        

Bottom line:  Stocks and Bonds are trending higher and that may mean the Fed is adding liquidity to the system.  If the market can break above its 200-dma on strong volume, then I believe we will head north to test a band of resistance near the October highs which is about 7% away.  I believe that it is more important to stay in tune with the trends instead of understanding why they are trending.  However, it never hurts to Pray for the Gift of Understanding.    

(Portfolio holdings are subject to change at any time and should not be considered investment advice. There is no guarantee that any investment will achieve its objectives, generate positive returns or avoid losses.) 

Health Tip:
Eating unrefined carbohydrates, nuts and bananas boosts the formation of serotonin, another feel-good drug.

Inspirational Quote:

Everything you’ve ever wanted is on the other side of fear.

Verse of the Day:
Therefore do not worry about tomorrow, for tomorrow will worry about itself. Each day has enough trouble of its own. Matthew 6:34

The chart below shows the net return for the last 12-months of LIONX (red) verses S&P 500 (green).  Note the Return and the Volatility (risk).  I believe that managing risk is the key to long-term success.  Past performance is no guarantee of future results.

 

Market Update: 02-04-19

My Fund is about 50% invested!  I have been buying stocks and ETFs that appear to be under accumulation with a focus on the Cloud, Health and Bond sectors.  I believe that emerging market bonds could offer a great risk-adjusted return at this juncture.  I am seeking stocks with good fundamentals (sales and earnings) and healthy-looking price and volume chart patterns.  We are in earnings season and many stocks are breaking out to new highs with just a few blowing up after earnings and guidance releases.  I do not plan to hold any stock going into its earnings release and risk a potential “blow up” where a stock could fall in price due to a bad report.  However, stocks can “blow up” for no apparent reason.  The Semi-Conductor Sector produced nice gains last week on strong supportive volume.  I believe this is a good sign that institutions may be coming back into the market.  I plan to add more positions to the Fund as opportunity presents itself.

The Fed released a dovish (low rates) policy statement on Wednesday and the market shot higher in price on above-average volume!  I now have conviction that the institutions “big money” are coming back in this market after being on “pause” since the Fed’s rate hike in December.The Fed mentioned “patience” eight times in its policy statement signaling that it may have raised rates in December prematurely.  The market seems to like the new “tone” of the Fed.  I believe the Fed has re-filled the “party punch bowl” sending a signal to the market that QE is not dead and it is very much still alive.  Not only did the US market suffer steep losses in December (about 15% peak to trough) but global stock markets felt the pain as well.  Stock markets around the globe appear to be addicted to central bank QE and I suspect that it will not be fun to watch when the market is eventually “detoxed”.  We got a sneak preview in December of what the market is capable of when it expects the Fed to tighten liquidity.  The stock market just experienced its worst December in 87 years linked to a “hawkish” (higher rates) Fed tone.  However, we just had our best January in 30 years linked to a “dovish” Fed.  Let’s pray the Fed keeps “cooing” like a dove.       

The S&P 500 and the NASDAQ are trading below their 200-day moving averages (dma).  However, the Dow has broken above its 200-dma and I believe that may bode well for the S&P and NASDAQ doing the same.  The S&P broke its 200-dma and its 50-day moving averages on December 4th  so it will be a positive confirmation if the S&P can break above its 200-dma.  I believe it can.  

Bottom line: I am very impressed with the way the market responded to the Fed’s dovish  comments and I believe we may be on pace to take out the October 3rd market highs. Put your money with my money and I promise to manage them exactly the same!   

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, Inc is not affiliated with Northern Lights Distributors, LLC.

Important Risk Information

Mutual Funds involve risks including the possible loss of principal.

The Fund may hold cash positions when 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.

S&P 500 Index is an unmanaged composite of 500 large capitalization companies. This index is widely used by professional investors as a performance benchmark for large- cap stocks.

NASDAQ Index is an electronic traded listing of over 5,000 active large and small companies.

Dow Index is the value of 30 large, publicly owned companies based in the United States, and how they have traded in the stock market during various periods of time.

Quantitative Tightening (QT) is a contractionary monetary policy applied by a central bank to decrease amount of liquidity within the economy.

Quantitative Easing (QE) is an expansionary policy aimed at increasing the money supply in order to stimulate the economy.

Investments cannot be made in an index. Unmanaged index returns do not reflect any fees, expenses or sales charges. Past performance is no guarantee of future results. 

NLD Review Code: 3122-NLD-2/4/2019

Market Update: 01-28-19

The Issachar Fund (LIONX) is 100% in Cash BUT that could change this week.  Just like in real estate where it is all about “location”, the stock market it is all about “earnings”.  This week is like the Super-Bowl of earnings releases with names like Amazon, Apple, Caterpillar, Microsoft and Tesla to name a few.  As quarterly earnings are being reported, management also gives “guidance” on the company’s expected earnings and revenue.  This has the potential to be a “game changer” resulting in higher or lower stock prices so this week could give us clues as to where we are headed.  I believe we may be headed higher, but I rely on the charts to reveal the truth.

The NASDAQ Index has retraced about half of what it lost as it bounces of support at its 50-Day moving average (dma) on good volume.  I believe that it is a good sign to see the NASDAQ and the S&P 500 find support at its 50-dma.  It shows me that institutions are willing to “support” or “buy” the index at these levels in an effort to build investor confidence.  If we have a bad week of earnings announcements and the market breaks the 50 dma on big volume, then we could be headed lower to test the Christmas Eve low which is about 13% lower.  I suspect the 50 dma will “hold the line” because the Fed is likely on our side ready to add liquidity as needed.

Gold breaks out as the dollar declines.  Global economies are struggling to grow, and many are in decline, so I believe there is a concerted effort by central banks to keep the liquidity flowing.  Our Fed seems to be turning more “dovish” (lower rates) every week after it raised rates in December against the market’s wishes.  Gold is trending higher as the dollar declines with the prospect of lower US rates.  I am interested in Gold but don’t yet have enough conviction to buy it but that could change if the market thinks the Fed may be embarking on QE4.  I believe that QE and the flow of “free money” has been the life-blood of the market since the financial collapse in 2008.  Draining the “liquidity swamp” too fast could have negative economic and political repercussions so I suspect that “free money” is here to stay, at least for a while until the “bubble goes pop”!

Trump ended the government shutdown until at least Feb 15th.  If Congress can not work out a compromise in the next three weeks, Trump will likely shut the government down, declare an emergency and build a wall to protect our southern border.  Everyone I know locks their doors at night to sleep well knowing they have done all they can to protect their family.  Why should we leave our doors open?

Click here for my latest LIONX Fact Sheet

See where Morning Star has placed the Issachar Fund in the One Year rankings of the Tactical Allocation Category: https://Morningstar.com

Bottom line:  I have stocks ready to buy and I am patiently waiting for proper buy points showing institutional demand.  Charts never lie.  They tell the truth about supply and demand in the market and that is where I am focused.  If this V-bottom, buy the dip, QE rally is for real then I expect many great opportunities to follow.  If you like my approach to managing risk/money, put your money with my money in LIONX and I promise to manage them exactly the same!   

(Portfolio holdings are subject to change at any time and should not be considered investment advice. There is no guarantee that any investment will achieve its objectives, generate positive returns or avoid losses.) 

Health Tip:
Don’t brush your teeth immediately after meals and drinks, especially if they were acidic. Acidic foods, citrus fruits, sports drinks, soda can soften tooth enamel “like wet sandstone”.

Inspirational Quote:
If you plan on being anything less than you are capable of being, you will probably be unhappy all the days of your life.

Verse of the Day:
Be an example to all believers in what you say, in the way you live, in your love, your faith, and your purity. ­1 Timothy ­4:12

The chart below shows the net return for the last 12-months of LIONX (red) verses S&P 500 (green).  Note the Return verses the Volatility.  I believe that managing risk is the key to long-term success.  Pictures are better than 1,000 words! Past performance is no guarantee of future results.

Market Update: 01-22-19

The Fund is 100% in CASH patiently “stalking” a few stocks to buy On October 3rd, 2018, (I went to CASH) the Fed indicated that they were “a long way” from getting rates to neutral (indicating more rate increases on the way) and the S&P 500 Index dropped over 19% until bottoming on December 24th.  Since Christmas Eve, the S&P 500 has formed a V-Bottom pattern and is up over 13% (only about 8% from the high) after the Fed indicated they may slow their rate increases.  Judging from this V-Bottom, I would not be surprised to find out later that the Fed has halted its Quantitative Tightening (QT) and re-implemented some form of Quantitative Easing (QE) to appease Trump and the markets.  V-bottoms were trademark (signature) patterns witnessed during the QE era, but we are now in QT mode, right?  I believe that the market was expecting the Fed to plunge us into a recession with its rapid rate increase posture and now the market expects the Fed to “stand down” to not hinder the market’s advance.  China just posted its slowest economic numbers since 1990, do you think the US will grow faster or slower now that China’s economy is struggling?  Maybe the Fed got the message and this time is different?   

Volume (the heartbeat of a stock) has not been “strong” coming off the bottom.  I believe the market is “concerned” with the negative impact to corporate earnings should  China and Trump not be able to work out a “trade deal” before the March 1st  tariff increase deadline.  A prolonged government shutdown could also negatively impact earnings.  I believe the market is a forward looking “discounting” mechanism and when the market factors in a reduced income stream then there is potentially less money willing to “commit” to the stock market. The indexes were approaching resistance while volume was “drying up” forming some “wedging” (higher prices while volume declines) action.  However, index prices appear to have broken through a prior level of resistance (which now serves as support) AND volume has been increasing.  I was waiting to see how the indexes would navigate through their resistance levels and I now have more conviction that this advance may have some “legs” to stand on.  However, the next challenging level of resistance for the S&P 500 may be its 200-day moving average which is 2.7% higher.  My Watch List of stocks is getting bigger every day, but I am patiently waiting for proper break-outs and an attempt to give me a better probability of success.  Seeking to buy ‘right’ is my first line of defense, and I feel, a major component of sound risk management.  I have found patience and discipline can often be an effective combination!   

FOMO is the “Fear of Missing Out”.  My emotions sometimes “flare up” and want me to “get invested” in a panic FOMO mindset.  This is a normal psychological fear in my head and that is where it should be dealt with.  I sometimes feel that this winning trade will never appear again.  Over time, I have learned that this is not likely.  The current trade is just a trade in a long series of trades, and I can never know without hindsight if it’s a winning or losing trade.  .  I trust my expertise and discipline to keep me focused on time-test rules instead of emotions.  Fear and Greed can be two powerful challenging emotions that most investors face.  If they are not properly channeled, Fear and Greed could lead to life-changing/long-term consequences.  I believe an investor should never be a “rush” to buy stocks.  Consequently, I try to do my “homework” at night, so I have a plan for tomorrow. I always advise to develop a plan that works for you and find the courage and discipline to stick to it.  Never forget, none of us are as smart as all of us (the market).

Bottom line: I believe the indexes are extended after a V-bottom rally and due for a pull-back to consolidate recent gains.  I am patiently seeking to buy fundamentally strong stocks coming out of sound base patterns, but I feel most have run too-far too-fast, so I wait.  I would much rather miss an opportunity than lose money.  Put your money with my money and I promise to manage them exactly the same!   


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, Inc is not affiliated with Northern Lights Distributors, LLC.

Important Risk Information


Mutual Funds involve risks including the possible loss of principal.The Fund may hold cash positions when 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.

Quantitative Tightening (QT) is a contractionary monetary policy applied by a central bank to decrease amount of liquidity within the economy.  

Quantitative Easing (QE)is an expansionary policy aimed at increasing the money supply in order to stimulate the economy.

Investments cannot be made in an index. Unmanaged index returns do not reflect any fees, expenses or sales charges. Past performance is no guarantee of future results.  NLD Review Code: 3086-NLD-1/22/2018

Market Update: 01-14-19

The Issachar Fund (LIONX) is 100% in Cash patiently waiting our next opportunity.  I bought a few stock positions in LIONX last week (dipped my toe in the water) that did not perform as expected so I quickly sold them.  I believe the market is “ripe” for a pull-back as price approaches a “ceiling” of resistance.  On 12/21/18, the S&P 500 Index dropped over 2% on above-average “heavy volume” then dropped another 2.7% on 12/24/18 (Christmas Eve) to form the most recent low.  The S&P 500 has since rallied over 10%  higher into “resistance” since the Christmas Eve low on declining volume.  Historically, this bounce from the low is normal in a “correction” or Bear Market.  Correction or Bear Market “labels” do not concern me.  However, prices rising on declining volume “concerns” me of a potential “red flag” that “big money” is not participating in this rally.  I focus on Price and Volume as a way of “telling” me where the market may be headed.  I would not be surprised if the market “pulled the rug” out from under us.  If the “rug” gets “pulled” I would expect the market to drag the majority of stocks down with it as we seek to find another “bottom”.  The market has been in a down-trend (series of declining price peaks) since 10/3/18 and we are approaching the down-trend line.  However, I believe the 2600 level on the S&P 500 is the more important level of “resistance” that the market may need to overcome IF we are to head higher.  The 2600 level on the S&P is where the 10/29/18 bottom formed.  This is a significant level of resistance because it is likely fraught with sellers (who bought at that level) looking to get out and simply “break even”.  We could “constructively” trade “sideways” to consolidate the recent gains and decrease the selling pressure and that could be a good sign.  However, the odds favor a continuation of trend which has been down.  I believe the market will trend lower until a “catalyst” convinces buyers that it is “safe” to come back in the “water”.  Keep your “Watch List” current and study the charts because “a picture is worth a thousand words”!

What “catalyst” could turn the market higher?  I believe that a Trump-China Trade Deal before the March 1st deadline or a resolution to the record-setting government shutdown could turn the market higher.  And then there’s the Fed Rate Decision on January 30. Investors are rightly concerned that a pro-longed Trade War would likely not be good for corporate earnings/stock prices therefor demand for stocks has been “light” as seen in the daily volume numbers.  If the Fed were to indicate that they may lower rates or slow their bond selling in their bloated $trillion balance sheet, then the market may be able to put in a firm bottom.  It is sad but I think that market is “hooked” on the “Fed’s liquidity injections” and I believe the eventual “detoxing” period could likely be very painful to those who are not looking “behind the curtain”.  I believe that the worst thing we can do is not be prepared for what is inevitable.  Please do not stick your head in the sand and buy into the lies of Wall Street that “the market always comes back”.  Yes, it has always “come back” but there no guarantees that it always will.  Don’t forget that we are in “earnings season” where companies report their quarterly earnings and give “guidance” into the next quarter.

Pot stocks (the weed patch) appear to be Hot!  There has been a recent run-up in the Cannabis (pot) stocks (TLRY, CGC, CRON and ACB) lately as they seem to be on fire!  Maybe this is a sign that “risk” is coming “back on” as money flows into the “speculative” area of the market.  Another encouraging sign is that the Floating Rate and Junk Bond markets have rallied strongly off the Christmas Eve lows with the Indexes.  I believe the Floating Rates and Junks that have come “straight up off the bottom” and are now due for some consolidation to digest their recent gains.

All of my investable assets are in LIONX, so I have plenty of incentive!  I designed LIONX as a way for you to gain access to my 28-years of successfully managing money.  I will always do my best to “manage risk and grow” the assets in LIONX.  I never “buy and hold” anything because there are no “guarantees” in the market.  When the majority is convinced that this or that investment is a “no-brainer” then it may be time to look for an exit.  I am an “opportunist” with a “flexible” investment strategy that allows me to invest in any investment class domestic or foreign.  Historically, the majority of my gains have come from trading “in and out” of Junk Bonds.  However, the market is constantly changing so I try to adapt and profit during any given market cycle.  I simply try to invest in areas that offer the best “risk-adjusted” returns.  Risk-adjusted returns measures how much risk is involved in producing the return I am seeking.  I simply manage the risk I can control and let the market determine the return.  During periods of perceived low-risk, I have the ability to get fully-invested and leveraged and during periods of higher-risk I tend to be more cautious.  I am simply using the Wisdom and common sense that God has given me to stay invested in the up-trends and avoid the life-changing down-trends.       

LIONX finished 2018 up 2.41% with a Maximum Draw Down (MDD) of only 4.43% while the S&P 500 Index finished 2018 down 4.38% with an MDD of 19.36%! 

Click here for my latest LIONX Fact Sheet

See where MorningStar has placed the Issachar Fund in the One Year Rankings of the Tactical Allocation Category: https://Morningstar.com

Bottom line: I try to not get hung-up on “labels” (Bear Market, Follow Through-Day, etc.) because the market does not really care what we think or how we “label” it.  The market will do what it needs to do regardless of what we think it should do.  I study Price and Volume charts of Leading Stocks in real-time because I believe “Leaders” will “lead” the Indexes that most investors follow.   Trying to predict what will happen in the future that does not yet exist is somewhat futile.  Yes, it is okay to have an opinion about where we are headed but I try to remain humble and have a teachable Spirit.  I try to focus on the bottom line every day and take steps to manage risk then grow the assets in LIONX.  Remember, no one cares about your money like you do!  If you like or dis-like what you have been reading, please let me know, especially how I might improve.

(Portfolio holdings are subject to change at any time and should not be considered investment advice. There is no guarantee that any investment will achieve its objectives, generate positive returns or avoid losses.) 

Health Tip:
Studies show that people who eat the most fish have a lower risk of all sorts of diseases, including heart disease, dementia and depression.

Inspirational Quote:
The difference between something good and something great is attention to detail.

Verse of the Day:
May the God of hope fill you with all joy and peace as you trust in him, so that you may overflow with hope by the power of the Holy Spirit. Romans 15:13

The chart below shows the net return for the last 12-months of LIONX (red) verses S&P 500 (green).  Notice how LIONX is far less volatile and has performed better than the S&P 500 Index below.  I believe that managing risk is the key to long-term success.  Pictures are better than 1,000 words! Past performance is no guarantee of future results.

Market Update: 01-07-19

The Issachar Fund (LIONX) finished 2018 up 2.41% with a Maximum Draw Down (MDD) of only 4.43% while the S&P 500 Index finished 2018 down 4.38% with an MDD of 19.36%! LIONX is 100% in CASH waiting for the next opportunity.

Click here for my latest LIONX Fact Sheet

Fed Chairman, Jay Powell, promises to be patient with raising rates, jobs data comes in far-better than expected, China agrees to mid-level trade talks this week and the market blasts over 3% higher on Friday! The market seems to think that if stocks starts to tank, the Fed may take a neutral stance and withdraw their Quantitative Tightening (QT) and possibly do some Quantitative Easing (QE). It seems crazy when the market rallies off Powell’s comments about keeping the market “liquefied” in an effort to keep this market bubble inflated. The market appears to love liquidity and it is sad to say but I believe we may be “hooked on QE”. What will the “withdrawal” process look like? What will it take to “break” us from this “liquidity addiction”? A sudden crash or possibly a slow grinding Bear Market might do the trick. Who knows but, we may have put in a tradeable bottom where stock prices trade higher, ……for a while.

I believe that we are still in a down-trend and every pullback should be viewed as a counter trend rally. Historically, the odds for a continuation of the trend are higher than a trend reversal. I also believe that about 75% of the stocks will follow the trend of the indexes. The odds of catching a “winner” in a down-trending market can be low but there are exceptions if one knows how to trade against the “wind”. The “winners” tend to build bases and chop around while the indexes move lower. I have a few stocks in my buy list but I am patiently waiting for more volume confirmation of institutional demand before dipping my “toe in the water”. I have experienced Bear Markets where I tried to be a “hero” and ended up looking like a “zero”. Hopefully, I have learned how to be humble with a teachable Spirit.

Investor’s Business Daily (IBD) declares Friday a Follow-Through Day (FTD) and switches its outlook to a “Market in Confirmed Uptrend”! An FTD occurs during a market correction when a major index closes significantly higher than the previous day on greater volume. It happens Day 4 or later of an attempted rally. Leading up to a follow-through day, an attempted rally takes place during a downtrend when a major index closes with a gain. The rally attempt continues intact as long as the index doesn’t make a new low. IBD also changed its outlook from “Market in Correction” to “Market in Confirmed Uptrend” which is its most bullish stance. IBD has a great track record at calling bottoms so I hope they are right, this time.
Check out where MorningStar has placed the Issachar Fund in the One Year rankings of the Tactical Allocation Category: https://Morningstar.com

Bottom line: There is a time to make money and a time to avoid losing money. Knowing the difference is a skill. I believe we are still in a Bear Market and this is just a counter-trend rally. However, I will listen to the charts because they reveal the truth about where we are and where we are headed. I would rather miss an opportunity than lose money.

(Portfolio holdings are subject to change at any time and should not be considered investment advice. There is no guarantee that any investment will achieve its objectives, generate positive returns or avoid losses.)

Health Tip:
Coffee is high in antioxidants, and studies show that coffee drinkers live longer and have a reduced risk of type 2 diabetes, Parkinson’s disease, Alzheimer’s and other diseases.

Inspirational Quote:
It does not matter how slowly you go as long as you do not stop.

Verse of the Day:
And without faith it is impossible to please God, because anyone who comes to him must believe that he exists and that he rewards those who earnestly seek him. Hebrews 11:6

The chart below shows the net return for 2018 of LIONX (red) verses S&P 500 (green). Notice how LIONX is far less volatile and has performed better than the S&P 500 Index below. I believe that managing risk is the key to long-term success. Pictures are better than 1,000 words! Past performance is no guarantee of future results.