TimerTrac Broadcast – Market Timers’ View Amid Covid-19
06/22/2020
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Chester Timing |
(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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Developer Information |
Trade History |
Performance Graph |
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Monday, June 22, 2020 Investors seem to be trying to ignore the negative and focus on the potential positive in hopes that future earnings will be strong due to businesses reopening, the unemployed getting back to work, and a vaccine being developed that will allow both of those to continue. The rebound in the Fed's stimulus dollars flowing into the market is probably also contributing to optimism and confidence. If infections continue to spike then renewed quarantine measures may become necessary which would probably destroy that optimism, impair future earnings, and trigger another correction. Our LevBands strategy is in UPRO with an order scheduled to sell when it falls to its stop price (CYA). (TimerTrac shows an annualized return of +16.60% for the LevBands strategy since tracking began on 4/27/16). LevCrosses remains in UPRO (TimerTrac shows an annualized return of +1.33% since tracking began on 4/10/18). TQQQTrends remains in TQQQ (TimerTrac shows an annualized return of +5.48% 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 -24.77% since tracking began on 3/25/19). LevIndex is invested 75% in UPRO and 25% 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 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 21, 2020 The US market is highly overvalued, but most other share markets are not. Wall Street sets the tone for global markets so if it falls again other markets will too. However, no one knows what the future holds so one can only gauge the market’s trend and momentum. Recently the S&P 500 price index has swung sideways as it did between mid-April and mid-May, but so far it remains bullish on both short and medium-term perspectives. The Australian market also remains bullish on a short-term basis, but medium-term it is still bearish though the gap between its 30-day trend line and its 300 days one is narrowing. |
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