Although the Short-Trading Portfolio's performance remains negative relative to the market, I am still somewhat pleased with how the value has held in there despite the upside momentum in equities. Despite gains in Apple's shares (ticker AAPL), which I still have a target of about $420 per share, the portfolio ended up gaining more than 2 percentage points in the latest week. This is more than the 33 basis points of gains had on the S&P 500.
Since the beginning of the year and since inception, the portfolio remains down relative to the market, 680 and 250 basis points, respectively. That said, has more or less maintained its value just above $10 per share (as calculated by Marketocracy) since the market rocketed up after the fiscal cliff was 'averted'.
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