Confirmed Uptrend! The Issachar Fund is 94% in Cash! I took no action last week, but I did notice the market appears to be in rally mode. Investor’s Business Daily (IBD) declared a Follow Through Day (FTD) on Friday and changed its outlook to a “confirmed uptrend.” An FTD is when a major index closes at least 1% higher on greater volume at...
Market Update: 10-17-22
Respecting Risk! The Issachar Fund is 94% in Cash! I purchased a 3% position in an ETF that shorts junk bonds designed to go up if junks go down, and it has been working in our favor. Issachar is 1% long the dollar and 5% short the market. My conviction level is increasing on the short side as our short positions continue to profit...
Market Update: 10-10-22
Resting: On a Cliff! The Issachar Fund is 97% in Cash! I purchased three 1% ETF positions: the dollar and two inverse ETFs that short the NADASQ 100 and Emerging Markets. I am trying to build conviction on the short side, and if it works, I plan to increase exposure betting the market will continue lower. However, I will change my...
Market Update: 09-26-22
No Place to Hide! Check out my Strategy Video (5 minutes), and let me know what you think! The Issachar Fund is content in Cash, 100%! The major indexes dropped slightly above the June 17th bottom, and it feels like the bottom will not hold. The S&P 500 is down over -21% YTD, Gold is down about -20% since 3/8/22, and 20-year Treasury...
Market Update: 09-19-22
Please Don’t Fight the Fed/Fundamentals! The Issachar Fund is comfortable in Cash, 100%! In a Bear Market, almost all stocks eventually succumb to the selling pressure; therefore, I chose to sit patiently on my hands. However, I am stalking junk bonds and emerging markets on the short side. I have seen bear markets like this in my 32 years of...
Market Update: 09-12-22
Bear Market Rally! The Issachar Fund is in Cash, 100%! Natural gas dropped below our sell stop, and junk bonds rallied past our short stop, so both positions were sold. I want to be in the game (offense) when the market rewards us for taking risk and on the sidelines (defense) when the perceived risk is high. We can’t control what the market...