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Portfolio Update and Concept Play Closeout |
Market Timing Portfolio
The DJIA crossed a key resistance level today and we appear to be headed much higher. One might ask how there might be resistance as the Dow makes new highs? We will cover that in a later update, but it is due to projected levels of price action based on fibonacci numbers - both time and price. It may be interesting for our subscribers to note that the DJIA has been and will likely continue to be the index which leads all markets.For the subscriber, it is probably not all that important how we time the market - just that we are on the right side of the market.
And this year, we have been on the right side! To date, those trading the QQQQ's according to the five signals released this year are +19.6% (not including compounding). To compare against buy and hold: an investor who bought the QQQQ's Jan 3 would be up only 8.2%. Zen Timing has more than doubled the rate of return over traditional buy and hold. This is what we expect to do each year, and we have delivered thus far.
For those more aggressive traders who have been trading the Rydex Funds based on our signals, you should be pleased!
S&P 500 (RYTNX & RYURX): +23.65%
OTC (RYVYX & RYAIX) +32.65%
Russell 2000 +23.04%
We remain long in our MTP Portfolio
Concept Portfolio:
We are taking some hits with our current open play, NXCN.PK, RTK, PALM, BGO. ZTM is still a hold on the remaining 50% of that position. We are bullish on all at these current levels except for RTK. We will be closing out RTK with a limit order to sell @ $3.81. We are still very bullish on NXCN.PK. We continue to remain patient on this high risk / high potential reward play.
Option Portfolio:
We apologize for not having our updated results posted on the Option page. We expect it to be posted soon. Our current position, IOC, is set to be closed out at it's maximum profit potential. We are now 6-0 on our option plays.
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