Since inception, our overall timing return is 82.34% versus 49.26% on the S&P 500 for excess return of 33.07%.
Madison scores on the major indexes are in a wide range from +5 to +12. Stocks and indexes have moved lower in the past week. +20 is overbought and -20 is oversold.
The range between the buy and sell points is now below average. As an example, the S&P 500 range was 54 points at the low and is now at 69. As volatility rises, this expands. Witness at the October low the range was 169 points.
Also, in tracking the range between the 2 year and 10 year moves from 166 basis points to 151. Short term rates are on the rise while long term have risen in the last week. This needs to be watched. There are implications.
There are now two open positions, a buy on TRF and a buy on USO. Recent open and closed ideas are now in the second table.
We began to offer a buy and sell strategy via our Madison Market Timing Indicator at the beginning of April of 2007. There are now 24 open and closed winning trades to 8 closed losing trades with our market timing results. We were left with one long position TRF from our original buys before launching with Uncommon Widsom Daily. This column replaces the Morning Matters on Fridays.