Powell Plummet Persists! The Issachar Fund is about 10% invested and very concerned! Junk bonds sliced through their 50-day moving average after Powell’s scary inflation talk two Fridays ago. The S&P 500 index rallied into its 50-day moving average on Friday and quickly reversed lower on heavy volume, a sign of distribution. I believe the...
Market Update: 08-29-22
Powell Plummet! The Issachar Fund is about 67% invested and concerned! Junk bonds are trading below their 50-day moving average, indicating investors have lost their risk appetite and the market may be headed lower. I added a small junk bond short ETF as a hedge against further stock declines. Issachar owns stocks in the oil, gas, coal, solar...
Market Update: 08-22-22
Time to Hold, But! The Issachar Fund is about 67% invested, but indexes are weak! The Russel 2000 index of small-cap stocks broke out above its 200-day moving average (DMA) two Fridays ago, and it looked like the S&P 500 index of large-cap stocks would follow suit after $1 trillion of new spending was passed. However, all major indexes are...
Market Update: 08-15-33
The Issachar Fund is about 63% invested in fundamentally and technically sound stocks in the top sectors. I added to our positions because the leaders have been leading the rally. I am seeing a ton of leading stocks breaking out of bases on big volume, which is a sign of institutional demand. I try to follow what the smart money is doing because...
Market Update: 08-08-22
The Issachar Fund is about 23% invested in fundamentally and technically sound stocks in the top sectors. The over-bought S&P 500 index is up over 13% since the 6/16/22 bottom; looking for an excuse to correct, but it has not found one yet. The employment report came out Friday better than expected, with more jobs created, and the market did...
Market Update: 08-01-22
The Issachar Fund is sitting patiently in Cash, waiting for lower-risk opportunities. The S&P 500 index dropped nearly -12% from 6/7/22 to 6/16/22 (7 days), then rallied about 12% (29 days) into the 4,177-congestion area of resistance on Friday. The NASDAQ 100 rallied past tight double-top congestion areas on below-average volume, so I expect...