TimerTrac Broadcast – Market Timers’ View Amid Covid-19
06/29/2020
(June 28, 2020)
The Scary Guy Report ends the tracking of two strategies called "The Scary Guy Report Income Portfolio and S&P 500 Signals."
(June 9, 2020)
Drawbridge Strategies starts tracking with one strategy called "Drawbridge Balanced."
(June 4, 2020)
(May 12, 2020)
Charles Capital LLC ends the tracking of four strategies called "Charles Capital Mega, High, Moderate, and Conservative Growth" and adds one new strategy to be tracked called "Charles Capital Leveraged Nasdaq."
(May 11, 2020)
Lighthouse Financial starts tracking with two strategies called "Lighthouse QQQ and Portfolio Protection Strategy CS."
(May 7, 2020)
ProfitScore Capital Management, Inc. ends the tracking of three strategies called "ProfitScore - ETMS, RDEX, and THS."
(April 28, 2020)
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Sunday, June 28, 2020 Notwithstanding the All Ords index drifting sideways (with negative momentum) for the last three weeks it is still in the bullish territory on its short to medium term direction. Its medium to long direction has been bearish since the 13th March. Nevertheless, its Coppock momentum oscillator moved into negative territory on the 5th June and until it reverses direction we can’t be sure the bear market is over. In terms of global markets and domestic asset-classes here is the position at the end of this month. Globally, gold is still king having recouped some of the ground it lost between the 18th May and the 9th of June. America’s S&P 500 index still has positive momentum over the 9 months’ time frame I use. Other Developed Country Markets and Emerging Markets are still in the doldrums. Domestically, Gold also remains in front while the other sectors (Resources, Property, and Finance) continue to show negative momentum over the last 9-months. The explanation for Gold’s resurgence is varied. Some say it’s because the upsurge in money printing spells higher inflation in the future. Others say because US interest rates could go negative the US dollar is falling which is making gold more attractive as a hedge. |
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Monday, June 29, 2020 Investors are struggling to ignore the spike in Covid-19 cases. The Fed's stimulus dollars continue to flow but at a reduced rate. If infections continue to spike then renewed countermeasures may become necessary which would probably destroy optimism, impair future earnings, trigger another correction, and renew the recession. Our LevBands strategy sold UPRO recently when it fell to its stop price (CYA). (TimerTrac shows an annualized return of +16.52% for the LevBands strategy since tracking began on 4/27/16). LevCrosses remains in UPRO (TimerTrac shows an annualized return of -5.81% since tracking began on 4/10/18). TQQQTrends remains in TQQQ (TimerTrac shows an annualized return of +1.51% since tracking began on 11/24/18). UPROTrends will sell TMF and buy UPRO when it rises to its buy indicator (buy low; TimerTrac shows an annualized return of -16.89% since tracking began on 3/25/19). LevIndex is invested 50% in UPRO and 50% in EURL (performance data will be referenced 15 days after one year of tracking on TimerTrac which began 9/16/19). Leveraged FANG (FNGUTrends) is in FNGU (performance data will be referenced 15 days after one year of tracking on TimerTrac which began 4/7/20). Performance data and charts for the each of these strategies along with the index of your choice (for comparison) can be obtained on the Graphs page of the TimerTrac site. |
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Sunday, June 28, 2020 The US stock market risk rose to a high-risk level of 71%. US tech stock risk closed higher at a high-risk reading of 62%. Our global stock market risk score (GSMR) remained at a high-risk level. The GSMR closed higher at 63%. Quick info: |
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