The S&P 500 has risen since our last update. The Nasdaq Composite rose as well. The portfolio is now 67% invested long, 0% short and 33% in cash, net long 67%. We are now at a value of 826.06% from 809.43%last Tuesday.
It appears for the time being that 2000 on the S&P 500 has become resistance and 1900 is back as support.
We have added the price target from the Alpha Intelligence Stock Scorecard into the weekly update. All stocks are below their price targets thanks to the pullback except one. 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 7.44% per idea. Our batting average of closed winners and losers is 70%. The portfolio is up 826.06% and from inception when it began at 0% in April of 2008. We began 2013 at a value of 478.60% so we had a very nice gain for 2013 ending at 732.40%. So far this year we are up 77.03 points or 10.51%. The performance on the Uncommon Wisdom Daily Portfolio Tracker is a bit higher due to dividends which they add in. We have never added in dividends so our weekly results are understated since 2008.