Trying to ride momentum has been futile this year.
By Paul Price of Market Shadows
Live by the sword, die by the sword. Traders who go with the flow have been getting whipsawed all year long as the market swings back and forth from panic to elation.
The DJIA spent most of Friday in nicely positive territory before selling off late. The full week resulted in a 1.48% gain with three up days more than outweighing the two downers.
Market Shadows’ Virtual Value Portfolio outshone the Dow with a 2.34% increase since last Friday. We remain bullish and pretty much fully invested.
Our long-only, non-leveraged account has grown $100,000 into $140,530 since we began on Oct. 26, 2012.
Check out all our trading activity by clicking here Full details of all open and closed-out positions.
