The Average Investor's Blog

A software developer view on the markets

The Weekly Update

Posted by The Average Investor on Aug 1, 2011

The free fall in the world stock markets continues, currently with no break in sight. Bad news are taken as bad, while good news are overshadowed by anything negative, it starts to look like a bear market change in the mood.

A few of the indexes I monitor closed last week, which was brutal by the way, below their 20-week MA. Two are still above, but all gains are gone:

Asset Symbol Position Date In Gain
US REIT VNQ Long 2011-07-01 -0.14%
Nasdaq 100 ^NDX Long 2011-07-01 0.06%

The S&P 500 closed the month of July again above its 10-month MA, a situation established at the end of September 2010.

The ARMA strategy is still outperforming the market, mostly because it is taking short positions once in a while too, and mostly being “right” with the big moves. It is up by more than 10% for the year with the S&P 500 up only 1.6% for the same period of time.

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