Category - Weekly Updates

Market Update: 05-04-20

The Issachar Fund (LIONX), is about 90% invested in 41 growth stocks as of 5/03/20. The largest LIONX stock theme weighting leans towards the “cloud” (internet) and “work from home” (teleconferencing) areas of the market.  These stocks have been the recent leaders and that is why I like to “follow the money” when investing LIONX assets.  The “leaders” are stocks that appear to be under accumulation by institutions as measured by above average volumes.  When large institutions decide to own a particular segment of the market like the “cloud” space, they will typically buy (accumulate) stocks over time.  They normally attempt to “fly under the radar” to not make a “big wave” and bring attention to their purchases.  I try to identify these “leaders” and stay in sync with the major trends seeking to ride the “coat-tails” of the “big boys” assuming they know what they are doing.  Basically, “big money” makes the trends I like to follow and when I see “distribution” (selling), I try to step aside and wait for the next opportunity.  As I see it, the trend is up since the March 23rd bottom and if I sense a trend change, I will adjust my sails accordingly. (There is no guarantee that any investment will achieve its objectives, generate positive returns, or avoid losses.) 

The coronavirus induced “fear” changed to the Fear of Missing Out (FOMO)! Last Monday, Tuesday and Wednesday produced a FOMO gain of about 6% in the small caps then it evaporated to a -7% loss by Friday.  Some big stock tech names released earnings late last week and the “perception” was not good so “big money” appeared to do a lot of selling.  Semiconductor stocks were “hot” into Wednesday then they were scrambling into Friday as their gains quickly evaporated on higher volumes.  The good news is I believe the big money is just reshuffling the deck (moving to other areas) and not going to cash at this time.  The cloud names appear to be a beneficiary of the move out of small caps, so I plan to sit tight until I see the tide changing. 

Oil prices have not recovered and are down over 80% YTD!   Oil prices will likely not bottom until the market perceives a pick-up in demand.  There are a lot of people that “hate” on oil because it is a “fossil fuel” and supposedly destroying our planet, however, there is limited alternative options for fuel to fly planes, trains, and automobiles.  We need oil and we value the many good people that work in the oil industry.  I am a little biased because I used to be a diesel mechanic in the oil field until God changed my life.  Watch My Story if you are interested.      

The Federal Reserve (Fed) owns the largest percent (13%) of our $24.9 TRILLION National Debt!  China and Japan each own about 7% of our national debt, however, the Fed’s ownership is increasing rapidly as Congress approves more stimulus spending.  I do not believe we can ever pay off this kind of debt that equates to about $800,000 per American.  Sooner or later, I believe there will be a price to pay for this unprecedented spending.  For now, the market does not seem to care so I plan to just go with the flow until it changes.    

Bottom line:  The Fed said it will do anything it takes to support a U.S. economy in dire straits, so I am counting on the Fed to have our backs.  This rally could have been based on hope and psychology and now the balloon possibly is ready to pop, who knows?  Whatever happens, I seek to lock in gains and always attempt to avoid life-changing losses.  I believe God is still in control (after slinging planets into orbit) and He will get us through this difficult period just like every other time.  I wish you well and God Bless!          

Links to: My Story, Strategy, Blogs, Interview, Fact Sheet, and Performance Press Release

Everything is possible for one who believes.  Mark 9:23

**********************************************************************************
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.  For more information on LIONX, please visit LIONX.net.   NLD Review Code: 3539-NLD-5/4/2020

Market Update: 04-28-20

Check out my latest Performance Press Release!

The Issachar Fund (LIONX), is about 60% invested in 23 growth stocks as of 4/26/20!  I am a risk manager, so I try to invest in positions that can be sold quickly when it is time to get out.  I reduced market exposure after the S&P 500 dropped over -3% last Monday in response to a historical oil price drop that rang loud across the globe.  Normally future oil prices (futures) in forward months are lower than current “spot” prices, but we just witnessed the unimaginable.  West Texas Intermediate (WTI) Crude Oil prices lost more than -250% to trade below -$40 a barrel as futures contracts expired last Monday!  Yes, oil producers were paying more than $40 a barrel to take their oil because they could not find a place to store it fast enough (backward contango).  We have seen future oil prices trade above spot prices (contango), but oil trading below zero was unprecedented.  We knew oil storage was “at capacity” due to the COVID lockdown oil demand reduction, but now we know how “full” the oil tankers are.  This is just one of the many unintended consequences of shutting down an economy.  Now I hear that they are forcing Futures and Options traders out of their forward month contracts.  A major global oil drilling company, Diamond Offshore, filed for bankruptcy. I wonder what other “second-order effects” are looming?  However, I am still bullish on growth stocks and looking to get more exposure because the trend appears up.  We do live in interesting times! (There is no guarantee that any investment will achieve its objectives, generate positive returns, or avoid losses.)    

Stocks are breaking out on above-average volume after earnings and that is a good sign to me!  I am finding many growth stock “leaders” trend higher in price on what appears to be institutional demand so that is where I am focused.  While I hear “opinions” that “we need to test the lows”, I am going with the “tell” of price and volume action and it is telling me that uptrend may continue.  The Fed has the unique ability to create money out of thin air so there is theoretically no limit on how much money they can create in fact, the Fed’s balance sheet increased by over 200 billion last week alone!  The Fed and Treasury recently got together and created a Special Purpose Vehicle (SPV) that allows the Treasury to sell bonds to the Fed.  The proceeds of the bond sales are placed in the SPV which allows the Fed to “lever up” and spend about 10 times more than what is in the SPV on basically anything it wants to.  I am seeing evidence that the Fed is buying corporate bonds, muni bonds, junk bonds, and ETFs of all shapes and sizes to support the markets and send a signal to those nasty short sellers trying to drive prices lower.  I honestly believe the Fed “has our back” and they will do “what is necessary” to spur economic growth at all cost.  After this latest round of $484 billion of stimulus spending, it appears that the small caps are outperforming the large caps on a relative strength basis and that is a good sign to me.  We may be witnessing the Fed’s “invisible hand” at work fighting the “invisible coronavirus enemy”.  However, I am confident that we will win because we are America and that is what we do!  We Win!         

Bottom line:  The Fed’s massive amounts of QE continues to flood the market in hopes of preventing a recession/depression and I believe they will succeed.  The trend is up, and I plan to go with the flow until it changes.  I remain flexible, unbiased, and focused on the bottom line.  Fear is not from God.  Operating from a position of fear is not wise.  Trust God who loves you unconditionally and receive His love, so you can love your neighbor.       

Links to: My Story, Strategy, Blogs, Interview, and Fact Sheet

Trust in the LORD with all your heart, and lean not on your own understanding; in all your ways acknowledge Him, and He will make your paths straight. Proverbs 3:5-6

**********************************************************************************
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.  If the Fund uses hedging instruments at the wrong time or judges market conditions incorrectly, the hedge might be unsuccessful, reduce the Fund’s investment return, or create a loss. 

The use of leverage can magnify the effects of changes in value of the Fund and could cause investors in the Fund to lose more money in adverse environments.  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.  If the Fund uses hedging instruments at the wrong time or judges market conditions incorrectly, the hedge might be unsuccessful, reduce the Fund’s investment return, or create a loss.  The use of leverage can magnify the effects of changes in value of the Fund and could cause investors in the Fund to lose more money in adverse environments.  Past performance is no guarantee of future results. S&P 500 Index is an unmanaged composite of 500 large-capitalization companies.

Biblical Responsible Investing (BRI) describes the activities of Christian investors who purposely align their investment choices to support their Christian values. LIONX is also ESG (Environmental Social Governance) conscious, pro-life, and pro-family. LIONX is a BRI, Trend Following, Liquid-Alternative, Tactical Allocation Mutual Fund that is Actively Managing Risk like a Hedge Fund seeking low-correlation/beta/risk to the stock indexes.  When my Strategy identifies a low-risk environment, I seek to invest in growth stocks/junk bonds with sound fundamentals and strong technical chart patterns.  During high-risk environments, I seek to avoid Life-Changing losses.  The Issachar Fund seeks moderate capital appreciation consistent with capital preservation.  The Fund’s Adviser (HCM) is Celebrating 30 Years of Actively Managing Risk!  99% of my liquid net worth is invested in LIONX, so I have the incentive to avoid life-changing losses when the next recession/bear market occurs.  Before June 2019, I was not honoring God by investing in companies that support abortion, pornography, human trafficking, etc. then God touched my heart.  He revealed to me how to screen out “bad actors” and make His Fund a BRI Fund.  Since partnering with Inspire, LIONX has only invested in companies with positive Inspire Impact Scores and I am very pleased with the results.  The ­Inspire Impact Score is a faith-based ESG (environment, social, governance) security selection methodology that seeks to identify the most inspiring, biblically aligned companies in the world.  I welcome you to join me as a shareholder of LIONX and I promise to treat your money like my very own.  NLD Review Code: 3529-NLD-4/28/20200

Market Update: 04-20-20

Check out these 1st Quarter LIONX Fact Sheet Results!

The Issachar Fund (LIONX), is FULLY invested in about 60 growth stocks as of 4/19/20!  I have taken a “shotgun” approach to buying stocks and plan to “feed” my winners and “shoot” my losers.  I believe the trend is up and massive excessive amounts of QE are driving stock prices higher.  While I may always have an opinion on the market, Price and Volume tell me what is happening, so I try to stay in sync with reality and not what I think the market should be doing.  The market is usually right, and it has a way of telling me who is wrong.  The S&P 500 Index has trended up about 28% since 3/23/20, but it is down -10.49% YTD and down -19.60% in the 1st quarter with a maximum draw-down (MDD) of -33.79%.  However, LIONX was up 1.34% in the first quarter and it is up 5.84% YTD with an MDD of -4.63% and -7.09% since inception on 2/28/14.  LIONX is doing relatively well and I am optimistically bullish looking ahead.  Here are more returns to compare.  (Portfolio holdings are subject to change at any time and should not be considered investment advice.)  

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%.

The Fed’s balance sheet has exploded to a record high of over $6 Trillion after increasing over $1.9 Trillion since 3/3/20!  We may be witnessing the start of a new Fed bubble that may have lots of collateral damage when it pops.  However, I do not believe we are there yet.  Where will all this QE money go?  Some of this “easy money” appears to be finding a “happy home” in the stock market and I believe this QE “experiment” may eventually lead to inflation …of higher stock prices.  I am currently finding many liquid leading stocks breaking out of sound bases on above-average volume and this tells me that “big money” may be on the move, so that is where I am focused.  If I am wrong, I maintain stop-loss orders, which seek to limit downside losses.  Additionally, I never hold a stock through its earnings report regardless of how I “feel” about a company.  These simple rules have saved me lots of stress and pain in the last 30 years of actively managing risk. (There is no guarantee that any investment will achieve its objectives, generate positive returns, or avoid losses.)    

Oil prices are down over 67% YTD!   The price of oil plummeted to a 21-year low Sunday evening as uncertainty mounted around the storage of excess supply.  WTI crude oil plunged as much as 21% to $14.47 per barrel.  Deflation is a major risk the Fed is fighting because it can cause people to not buy now if they might be able to get it cheaper in a month.  I believe that Saudi Arabia and Russia have declared war on the “frackers”.  They are opening their oil spigots to increase supply to drive prices down and ultimately trying to force the oil “frackers” out of business.  The frackers revolutionized the oil drilling industry by “directional” drilling multiple wells from one drilling rig location.  In the old days, it would take 20 rigs to drill 20 wells and now they can do it from one location.  Frackers saved the industry tons of money and produced excess amounts of oil so much so that the US is a net exporter.  I do not consider oil or the oil industry to necessarily be a “good buy” just because the stocks are “cheap”.  I believe the trend of oil is still down and these stocks could become “cheaper”.  I am not a bargain hunter, nor do I like trying to catch a falling knife.  I like to buy stocks under accumulation and attempt to sell them before they come under distribution.    

Bottom line:  I am a trend follower and Price tells me that the “trend is my friend” and it currently appears up.  I do not believe that we have to retest the 3/23/20 low because QE could trump historical precedents.  The wind seems to be at our backs.  I do not want to be on a bull or bear side, I just hope to be on the right side.  I promise to do my best to avoid future life-changing losses.  I believe fear is a stronger emotion than greed.  Sometimes, I have to tune out the bad news, keep an open mind and just follow the trend.  If you know someone who struggles with fear, tell them to ask God to replace their fear with His Courage and then expect a miracle.  It worked for me and it can work for anyone if they simply Trust and Believe in Him who created everything.  

Links: My Story, Strategy, Blogs, Interview, Fact Sheet

Do not be anxious about anything, but in every situation, by prayer and petition, with thanksgiving, present your requests to God. And the peace of God, which transcends all understanding, will guard your hearts and your minds in Christ Jesus.  Philippians 4:6-7

**********************************************************************************
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.  If the Fund uses hedging instruments at the wrong time or judges market conditions incorrectly, the hedge might be unsuccessful, reduce the Fund’s investment return, or create a loss. 

The use of leverage can magnify the effects of changes in value of the Fund and could cause investors in the Fund to lose more money in adverse environments.  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.  If the Fund uses hedging instruments at the wrong time or judges market conditions incorrectly, the hedge might be unsuccessful, reduce the Fund’s investment return, or create a loss.  The use of leverage can magnify the effects of changes in value of the Fund and could cause investors in the Fund to lose more money in adverse environments.  Past performance is no guarantee of future results. S&P 500 Index is an unmanaged composite of 500 large-capitalization companies.

Stop Loss – denoting or relating to an order to sell a security or commodity at a specified price in order to limit a loss.

Biblical Responsible Investing (BRI) describes the activities of Christian investors who purposely align their investment choices to support their Christian values. LIONX is also ESG (Environmental Social Governance) conscious, pro-life and pro-family. LIONX is a BRI, Trend Following, Liquid-Alternative, Tactical Allocation Mutual Fund that is Actively Managing Risk like a Hedge Fund seeking low-correlation/beta/risk to the stock indexes.  When my Strategy identifies a low-risk environment, I seek to invest in growth stocks/junk bonds with sound fundamentals and strong technical chart patterns.  During high-risk environments, I seek to avoid Life-Changing losses.  The Issachar Fund seeks moderate capital appreciation consistent with capital preservation.  The Fund’s Adviser (HCM) is Celebrating 30 Years of Actively Managing Risk!  99% of my liquid net worth is invested in LIONX, so I have the incentive to avoid life-changing losses when the next recession/bear market occurs.  Before June 2019, I was not honoring God by investing in companies that support abortion, pornography, human trafficking, etc. then God touched my heart.  He revealed to me how to screen out “bad actors” and make His Fund a BRI Fund.  Since partnering with Inspire, LIONX has only invested in companies with positive Inspire Impact Scores and I am very pleased with the results.  The ­Inspire Impact Score is a faith-based ESG (environment, social, governance) security selection methodology that seeks to identify the most inspiring, biblically aligned companies in the world.  NLD Review Code: 3495-NLD-4/20/2020

Market Update: 04-13-20

Check out these 1st Quarter LIONX Fact Sheet Results!

The Issachar Fund (LIONX), is about 75% invested in about 50 growth stocks as of 4/12/20!  I increased exposure last week due to a positive price and confirming volume action in response to an over-accommodative Fed.  Stocks surged about 7% higher last Monday on coronavirus optimism and that set the stage for a 12% S&P 500 index gain for the shortened 4-day Easter week.  On Thursday, the Fed said it would provide up to 2.3 Trillion in loans to businesses and that it would buy junk bond ETFs to support the market due to the “stay at home” government orders.  No one has ever seen this kind of liquidity injection into any market or economy in the entire world.  The market is trying to digest the potential impact of this desperate act to save a country from falling into a self-induced coma (recession/depression).  The longer people are not allowed to work, the greater the chances are that the “social distancing cure” will be far more damaging than the virus.  I pray that our government finds a way to put America back to work so we can Make America Great Again!  (Portfolio holdings are subject to change at any time and should not be considered investment advice.  For more information on the Issachar Fund, including current fund performance, please visit www.IssacharFund.com/Performance.) 

On 4/2/20, Investor’s Business Daily (IBD) issued a Follow Through Day (FTD) indicating the start of a potential uptrend. 
IBD states that not all FTDs work, but an FTD has proceeded every bull market since 1890.  IBD defines an FTD as a major index gain (at least three days after a market low) above 1.5% in price on a greater volume than the previous day.  I have been following IBD since 1990.  While no “system” is perfect or works forever and no one rings a bell when the “system” is broken, I use the IBD “system” with experience and discipline.  I view money management as a practice meaning it is more of an “art” than a “rules-based science”.  Markets are changing every day, so I believe one must learn from and adapt to the changes to maintain one’s edge.  I never plan to “ride out” any bear market because there is no guarantee that the market will be higher when I need my money.   

The Federal Reserve (Fed) is NOT a wing of the US government!  Shareholders of the Fed are its member banks.  Just like any shareholder-owned entity, the Fed seeks to serve the interests of its shareholders and not us “mom and pops”.  Think about this, congress passes a spending bill for the Treasury to issue bonds that the Fed buys with fiat money.  This is called “monetizing the debt”. So, we are spending money we do not have by issuing debt purchased with “fake” money.  Something smells like fish!  While all this “stimulus” that Congress passes to “help” Americans deal with the mandated shutdown they created seems good and well-intentioned, I wonder who it is helping.  Do you think the Fed buying junk bonds is helping “Main Street” or “Wall Street?  The big banks of the Fed (Wall Street) will likely benefit more than the Main Street “mom and pops” from the $2 Trillion “stimulus” of junk bond buying that the big banks hold.  The Fed’s balance sheet is now over $6 Trillion!  It has increased by about $1.9 Trillion or 40% since 3/1/20!  I believe this unbridled creation of money “out of thin air” will likely not have a happy ending.  That does not mean that I will not try to take advantage of this “free money”.

Bottom line:  The Fed appears to have our back and they are printing money like never before to help an economy “stay at home”.  Paying someone to not work is often considered a form of socialism.  America is a capitalist country where people are paid to work, and I pray that never changes.  I also pray that saner minds will prevail and find a way to put us back together again.  We were not created for isolation but relationships.  Please pray with me for God to perform another miracle and raise us from the “dead” of fear to courage like He raised His Son Jesus 2000 years ago.  I pray you had a Happy and Blessed Easter because He is alive!              

Links: My Story, Strategy, Blogs, Interview, Fact Sheet

The angel said to the women, Do not be afraid, for I know that you are looking for Jesus, who was crucified. He is not here; he has risen, just as he said. Come and see the place where he lay. Then go quickly and tell his disciples: He has risen from the dead and is going ahead of you into Galilee. There you will see him.  Matthew 28:5-7

**********************************************************************************
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.  If the Fund uses hedging instruments at the wrong time or judges market conditions incorrectly, the hedge might be unsuccessful, reduce the Fund’s investment return, or create a loss.  The use of leverage can magnify the effects of changes in value of the Fund and could cause investors in the Fund to lose more money in adverse environments.  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.  If the Fund uses hedging instruments at the wrong time or judges market conditions incorrectly, the hedge might be unsuccessful, reduce the Fund’s investment return, or create a loss.  The use of leverage can magnify the effects of changes in value of the Fund and could cause investors in the Fund to lose more money in adverse environments.  Past performance is no guarantee of future results. S&P 500 Index is an unmanaged composite of 500 large-capitalization companies. Biblical Responsible Investing (BRI) describes the activities of Christian investors who purposely align their investment choices to support their Christian values. LIONX is also ESG (Environmental Social Governance) conscious, pro-life and pro-family. LIONX is a BRI, Trend Following, Liquid-Alternative, Tactical Allocation Mutual Fund that is Actively Managing Risk like a Hedge Fund seeking low-correlation/beta/risk to the stock indexes.  When my Strategy identifies a low-risk environment, I seek to invest in growth stocks/junk bonds with sound fundamentals and strong technical chart patterns.  During high-risk environments, I seek to avoid Life-Changing losses.  The Issachar Fund seeks moderate capital appreciation consistent with capital preservation.  The Fund’s Adviser (HCM) is Celebrating 30 Years of Actively Managing Risk!  99% of my liquid net worth is invested in LIONX, so I have the incentive to avoid life-changing losses when the next recession/bear market occurs.  Before June 2019, I was not honoring God by investing in companies that support abortion, pornography, human trafficking, etc. then God touched my heart.  He revealed to me how to screen out “bad actors” and make His Fund a BRI Fund.  Since partnering with Inspire, LIONX has only invested in companies with positive Inspire Impact Scores and I am very pleased with the results.  The ­Inspire Impact Score is a faith-based ESG (environment, social, governance) security selection methodology that seeks to identify the most inspiring, biblically aligned companies in the world.  NLD Review Code: 3461-NLD-4/14/2020

Market Update: 04-06-20

Check out these 1st Quarter LIONX Fact Sheet Results!

The Issachar Fund (LIONX), is in Cash as of 4/5/20!  The market rallied about 17% from 3/23/20 to 3/26/20 in 3-day V-bottom formation.  I increased exposure in LIONX on 3/25/20 after sitting in cash since 2/25/20 strategically avoiding much of the carnage in the stock market.  LIONX was initially rewarded for its efforts, then the market did an about-face and erased all recent gains on 4/1/20, so I took LIONX back to an all-cash position.  I watch every position in LIONX very close and when risk goes beyond my comfort level, I take immediate action, seeking to preserve capital and to avoid life-changing losses.  Avoiding bear markets is not easy but I believe it can be profitable to your portfolio in the long run.  I have been an active risk manager since 1990.  The market appears ready to advance again, but I am a little gun-shy, so I will wait for more confirmation before getting back in.  The market has been very news-driven and negative coronavirus reports have been met with bouts of heavy selling.  However, the hope of a cure and virus case curve flattening appears to be what is driving prices higher.  We may have seen the bottom, so nibbling on fundamentally and technically strong stocks may be a good idea.  Still trying to remain open-minded, flexible and take one-day-at-a-time because that is all we have.  (Portfolio holdings are subject to change at any time and should not be considered investment advice.  For more information on the Issachar Fund, including current fund performance, please visit www.IssacharFund.com/Performance.) 

America has over 335,000 coronavirus cases out of approximately 335,000,000 people which is 0.1% of the US population!  The CDC estimates that influenza was associated with more than 35.5 million illnesses, more than 16.5 million medical visits, 490,600 hospitalizations, and 34,200 deaths during the 2018–2019 influenza season.  We now have about 9,700 deaths related to the coronavirus.  Could this lockdown be more political than medical?  Comparing this year’s coronavirus deaths (9,700) to last year’s flu season deaths (34,200) seems small.  However, it is not small to the people who have died or the many that are suffering through this horrible disease.  I believe “disease” is a result of the fallen world we live in and God did not bring this disease to discipline anyone.  However, I believe God will use this for our good.  Here are The Presidents Coronavirus Guidelines for America. 

Bottom line: I am practicing a little stock market social distancing waiting for a lower-risk entry which I feel could be soon.  I believe cutting grass in the rain is not too wise, so I will wait for a better “sunny” day.  One thing I have learned through the years is to protect my psychology, so I can live to invest another day.  Avoiding “psychological damage” by letting small losses turn into huge losses then hoping (hope is not a strategy) to break even was a life lesson I never want to repeat. I prefer to sell when I “want to” and not when I “have to”.  Everyone has a threshold of pain so drawing a “line in the sand” (maximum loss) has helped me stay out of trouble.  It takes disciple and hard work to follow a historically proven system, but I believe the potential reward is worth the effort.  I Pray that you find Peace and Joy is this season of life.     

Links: My Story, Strategy, Blogs, Interview, Fact Sheet

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

**********************************************************************************
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.  If the Fund uses hedging instruments at the wrong time or judges market conditions incorrectly, the hedge might be unsuccessful, reduce the Fund’s investment return, or create a loss.  The use of leverage can magnify the effects of changes in value of the Fund and could cause investors in the Fund to lose more money in adverse environments.  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.  If the Fund uses hedging instruments at the wrong time or judges market conditions incorrectly, the hedge might be unsuccessful, reduce the Fund’s investment return, or create a loss.  The use of leverage can magnify the effects of changes in value of the Fund and could cause investors in the Fund to lose more money in adverse environments.  Past performance is no guarantee of future results. S&P 500 Index is an unmanaged composite of 500 large-capitalization companies. Biblical Responsible Investing (BRI) describes the activities of Christian investors who purposely align their investment choices to support their Christian values. LIONX is also ESG (Environmental Social Governance) conscious, pro-life and pro-family. LIONX is a BRI, Trend Following, Liquid-Alternative, Tactical Allocation Mutual Fund that is Actively Managing Risk like a Hedge Fund seeking low-correlation/beta/risk to the stock indexes.  When my Strategy identifies a low-risk environment, I seek to invest in growth stocks/junk bonds with sound fundamentals and strong technical chart patterns.  During high-risk environments, I seek to avoid Life-Changing losses.  The Issachar Fund seeks moderate capital appreciation consistent with capital preservation.  The Fund’s Adviser (HCM) is Celebrating 30 Years of Actively Managing Risk!  99% of my liquid net worth is invested in LIONX, so I have the incentive to avoid life-changing losses when the next recession/bear market occurs.  Before June 2019, I was not honoring God by investing in companies that support abortion, pornography, human trafficking, etc. then God touched my heart.  He revealed to me how to screen out “bad actors” and make His Fund a BRI Fund.  Since partnering with Inspire, LIONX has only invested in companies with positive Inspire Impact Scores and I am very pleased with the results.  The ­Inspire Impact Score is a faith-based ESG (environment, social, governance) security selection methodology that seeks to identify the most inspiring, biblically aligned companies in the world.  NLD Review Code: 3390-NLD-4/6/2020

Market Update: 03-30-20

The Issachar Fund (LIONX), is about 78% invested as of 3/29/20 and feeling very bullish!  After seeing above-average volume capitulation selling last Monday then three days of above-average volume index price gains last week, I started buying on Thursday.  LIONX is about 58% invested in individual growth stocks and about 20% in a mortgage bond ETF.  I hope to be fully invested shortly as the “cloud” theme “work at home” stocks seem to be attracting a lot of money and attention lately.  Historically, the stock market has been good at discounting future earnings and it is telling me that the worst may be over and there may be a light at the end of the tunnel.  The number of new virus cases slowed on Sunday and maybe the market was anticipating this potential “flattening of the curve” last week as indexes rallied.  I believe that large institutions have the means to hire the best and brightest analysts to estimate future corporate earnings.  These “high dollar” analysts may now have better visibility if they believe the “virus cases” may be peaking. If earnings visibility becomes clearer, then “big money” can make portfolio adjustments that correspond to their revised analyst estimates.  The future now looks brighter to me and I have positioned LIONX accordingly.  LIONX was in cash since 2/25/20 avoiding steep losses.  There has been a lot of money invested in a 60:40 equity : bond allocation that must be reallocated every quarter.  Since stocks have declined in the last three months, the 60:40 allocators must buy stocks to put their allocations in-line with their mandates.  This could be contributing to the stock market rally we have been seeing since last Tuesday.  If I am wrong, I will not hesitate to do what is necessary to avoid life-changing losses because I am all in and have the most to lose. I will try to remain open-minded, flexible and take one-day-at-a-time because all we have is Grace for today. (Portfolio holdings are subject to change at any time and should not be considered investment advice.  For more information on the Issachar Fund, including current fund performance, please visit www.IssacharFund.com/Performance.) 

Trump signed a 2 trillion Relief Bill that could be expanded to over 6 trillion if needed!  The relief bill is paying people to not work.  Normally, we are paid to work.  Times have changed, so we must adapt.  I would not be surprised to see a Stimulus Bill passed to spur economic growth after the “stay at home” order is removed.  While there is a lot of “fear and panic” being spread in the media, I believe there is also the potential for the biggest economic boom we have ever seen once people are allowed to go back to work.  

The Fed announced they would purchase an unlimited amount of Treasuries and mortgage-backed securities last Monday!  The Fed increased its balance sheet by $586 billion last week, $356 billion the week before and $70 billion the week before to an overall total of about $5.3 trillion!  The Fed’s increasing liquidity is unprecedented.  Has the Fed run out of bullets to rescue us out of the next recession?  This enormous flood of liquidity, however, gives me conviction to own growth stocks and mortgage-backed bonds.  I am very concerned that 3-month Treasury Bills were trading with a NEGATIVE yield!  I cannot understand why anyone would be buying them unless they expect the yields to go even more negative.  Ouch! Going more negative could mean that the economy is in bigger trouble than the stock market is predicting.  Maybe oil trading below $20/barrel is another sign that economic growth is expected to grind slower?  Gold, bitcoins and the dollar are trading in volatile fashion sending mixed signals on where we might be headed, so I am relying on price and volume (supply and demand) to give me clues where I should place my bets.             

About 3,000 Americans have died of the coronavirus!  The CDC reported that 34,000 people died last flu season and 61,000 died in the prior flu season here in the U.S.  I expect the cases and deaths to peak shortly and then I expect the cases and deaths to fall faster than they advanced.  China is nearly back to normal.  I believe we will be headed back to a “new normal” before April 15th.

Bottom line:  Jay Powell has a printing press and “he gets his ink for free”!  The Issachar Fund is back in the market as of last Thursday and I believe last Monday could have marked the bottom.  I believe that everything known to man may be in the price of a security.  Therefore, I am taking my cues from price and volume because the collective “market” is more important than my opinion.  Fear can lead to panic and panic can lead to bad decisions.  Focus on the things in life that matter, relationships.  I pray that you find the Peace of Jesus in this storm of life.   

Links: My Story, Strategy, Blogs, Interview, Fact Sheet

He got up, rebuked the wind and said to the waves, “Quiet! Be still!” Then the wind died down and it was completely calm.  Mark 4:39

**********************************************************************************
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.  If the Fund uses hedging instruments at the wrong time or judges market conditions incorrectly, the hedge might be unsuccessful, reduce the Fund’s investment return, or create a loss.  The use of leverage can magnify the effects of changes in value of the Fund and could cause investors in the Fund to lose more money in adverse environments.  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.  If the Fund uses hedging instruments at the wrong time or judges market conditions incorrectly, the hedge might be unsuccessful, reduce the Fund’s investment return, or create a loss.  The use of leverage can magnify the effects of changes in value of the Fund and could cause investors in the Fund to lose more money in adverse environments.  Past performance is no guarantee of future results. S&P 500 Index is an unmanaged composite of 500 large-capitalization companies. Biblical Responsible Investing (BRI) describes the activities of Christian investors who purposely align their investment choices to support their Christian values. LIONX is also ESG (Environmental Social Governance) conscious, pro-life and pro-family. LIONX is a BRI, Trend Following, Liquid-Alternative, Tactical Allocation Mutual Fund that is Actively Managing Risk like a Hedge Fund seeking low-correlation/beta/risk to the stock indexes.  When my Strategy identifies a low-risk environment, I seek to invest in growth stocks/junk bonds with sound fundamentals and strong technical chart patterns.  During high-risk environments, I seek to avoid Life-Changing losses.  The Issachar Fund seeks moderate capital appreciation consistent with capital preservation.  The Fund’s Adviser (HCM) is Celebrating 30 Years of Actively Managing Risk!  99% of my liquid net worth is invested in LIONX, so I have the incentive to avoid life-changing losses when the next recession/bear market occurs.  Before June 2019, I was not honoring God by investing in companies that support abortion, pornography, human trafficking, etc. then God touched my heart.  He revealed to me how to screen out “bad actors” and make His Fund a BRI Fund.  Since partnering with Inspire, LIONX has only invested in companies with positive Inspire Impact Scores and I am very pleased with the results.  The ­Inspire Impact Score is a faith-based ESG (environment, social, governance) security selection methodology that seeks to identify the most inspiring, biblically aligned companies in the world.  NLD Review Code: 3369-NLD-3/30/2020