Those housing numbers were awful and the markets still settled flat--but tomorrow's data may be the catalyst that let's the bridge of high performance crumble down. We shall see. It starts with the jobless claims at 8:30, NYT. So, check back early tomorrow for analysis.
As for the LCT Oil & Gas Model, the trade today went into the ProFunds Short O&G Fund (SNPIX). The position of the day in GVPIX did lose 0.98%, while the Dow lost 0.11% and the S&P 500 dropped 0.05%. Not good for the model, but if you've been keeping score since we went public with this info, you will notice we are still beating the broader averages. Still, though, it was a loss, and we're not happy about it.
More tomorrow! Have a great evening.
Talk to you,
Todd M. Schoenberger, Managing Director
LandColt Trading, LLC