Naked Hedge Fund

The market was able to confirm its uptrend recently despite some bearish items. Some of the bearish items are flailing financials, weak IWM (Russell 2k), relatively weak tech, and very low volume with the uptrend. These items are a concern and are the reason we are not completely sold on the new uptrend, but we will still have to respect it. The next couple days will be telling if the bulls can hold on to start a viable uptrend.

Below are 3 charts of the market (SPY). A short term (2 week), mid term (6 month), and long term (4 year) chart showing mark ups that I made.

Roller coaster ride

YTD 3 trading days. YTD NHF Portfolio +11.59% vs S&P 500 -2.1%

Naked Hedge Fund weekly. 2 page PDF report on full post.

Census jobs aren’t cutting it anymore.

YTD 3 trading days. YTD NHF Portfolio +14.09% vs S&P 500 -4.5%

Naked Hedge Fund weekly. 2 page PDF report on full post.

Today the bulls had the market primed and ready to rally through the 200 day moving average, but instead they market got rejected big by the 200 day moving average. This returns the market to bear market territory and reestablished the downtrend.

The bulls have the market perfectly placed right on the 200 day moving average ready to break it out on some phony jobs numbers that are a lagging indicator. We will have to see if this will be the case when the report comes out tomorrow morning and evaluate our position with the Naked Hedge Fund which has been short since late April. Chart on Full Post.