A Nice Start to the Most-Feared Month
September may have the worst cumulative results of any month but its first four trading days this year were pretty good.
Liquidity moves markets!Follow the money. Find the profits!
The holiday shortened week saw the NASDAQ lead with a 2.0% gain. The broad-based S&P 500 advanced by 1.4% and the DJIA added 0.8%.
Our Virtual Value Portfolio did well also. Since our Oct. 26, 2012 inception we are + 23.0% in total return. The S&P 500 has grown by 19.27% over that same time frame.
We sold two positions last week. Johnson Controls (JCI) went out for a 61.5%, 10.5-month profit. Dollar Tree (DLTR) gained 16.3% for us after just 5 months. We managed to beat Murphy’s Law as well. Both stocks were trading lower at week’s end than where we sold them.
Our cash reserve now sits at 9.5% of our total portfolio value.
See details on all closed-out trades and current positions here Market Shadows’ Equity Portfolio
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