Saturday, December 22, 2012

Short Trading Portfolio Update for the Week Ending 12/21/12

The Short-Trading Portfolio lost 194 basis points in relative performance, falling by 0.8% in value for the week. Since inception however, the portfolio performance remains ahead of the S&P 500, having gained 3.2% versus a market decline of 1% over the same time period. This can be seen in the chart below showing the portfolio (blue) versus the S&P 500 (green) and the NASDAQ (brown). I am actually surprised the portfolio has been bale to hold its value in December considering the strong market rally.
graph of fund vs. market indexes

The performance for the week primarily reflects slightly better prices on Apple shares and a breakout on the Financials Select Spider ETF, the later of which I may cut the losses and move into other candidates come the beginning of the week. The gold short position was the best performer on the week.

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