When I was a kid, my parents opened a restaurant only to begin greeting customers and realize they didn't have any utensils. They thought of everything food related, but completely overlooked a necessary item for eating.
Yesterday, LandColt Trading had a similar start: Here we launch our website and begin taking orders for the LandColt Trading Oil & Gas Model, only to see the markets turn in the opposite direction of where we thought the market was going to go. But, this is a lesson: The Model works--and beats--the broader market averages when investing in it over time.
So, regardless of the recent positive performance in the model, the very first day of business has us in the red. Here is the scorecard:
LandColt Trading Oil & Gas Model: -1.53%
Dow Jones Industrial Average: +1.23%
For more on the Model and the subscription service, go to the website: http://www.landcolttrading.com/.
Oh, and yes, even with the run-up yesterday in the markets, our signals are still pointing lower. We held the position in SNPIX.
More later. Two employment reports on deck!
Talk to you,
Todd M. Schoenberger, Managing Director
LandColt Trading, LLC