The Average Investor's Blog

A software developer view on the markets

The Weekly Update

Posted by The Average Investor on Dec 13, 2010

It has been two weeks since my last post, and I can only say that the markets came back spectacularly from the dip in November. It might be the December effect, or it could be the money supply, it could be anything, but the facts are that the market is anticipating bright future.

Asset Symbol Position Date In Gain
Nasdaq 100 ^NDX Long 2010-09-03 18.45%
Emerging Markets EEM Long 2010-07-23 13.22%
US REIT VNQ Long 2010-07-23 8.05%
S&P 500 ^GSPC Long 2010-09-30 8.69%

The only action lately has been from my short-term, contrarian strategies also based on moving averages. Around December 3th, both the S&P500 and the Oil were heavily overbought. Opening short positions on both, lead to a 1% loss on the S&P500 and 4% gain on the Oil, roughly within a week. I will take such results anytime. 🙂

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