The S&P 500 is lower by -7.05% from -9.29% last wek for the year. The Nasdaq Composite moves back above 4600 and the Dow moves back above 16000 and both are also lower for the year, by -2.11% from -9.90% respectively.
The portfolio is now 58% invested long, 0% short and 42% in cash, net long 58%. We are now at a value of 959.44% from 940.25% through Tuesday’s close. We finished 2014 at a value of 951.10 up 29.86% for that year. Our current value is 959.44% which puts the portfolio up 0.87% for 2015 without dividends which is huge outperformance to stocks.
Below are the year by year results on a cumulative and absolute basis:
It appears for now that 1900 from 1850 on the S&P 500 has become support. We are now at 1913.61 which is higher than a week ago. A big test for the week is to see if the S&P 500 can get above 1950 then above 2000 and stay there. If that does not happen and we break 1900, then the risk is 1850 and then 1800.
We have added the price target from the Stock Scorecard into the weekly update. Names above price targets are highlighted in yellow. We will remain with these names as well until technical violations begin.
ETFs recommendations can be found in The Madison Letter. In 2014, this will be updated each Friday with Market Crash Indicators.
Remember these returns are total returns with the average change for all winners and losers is 8.42% per idea. Our batting average of closed winners and losers is 69%. The portfolio is up to a value of 959.44% and from inception when it began at 0% in April of 2008.
The performance on the Uncommon Wisdom Daily Portfolio Tracker was a bit higher due to dividends which they added in. We have never added in dividends so our weekly results are understated since 2008.
The Russell 2000 is now beating the S&P 500 on a daily basis.