Author: Ronald Guerrini
Covestor model: Breakouts and Reversals
May was a poor month for the model portfolio. May saw a continuation of the downtrend established in April. The model kept taking on long positions when it should have been short or in cash.
Currently, short-term VIX futures are experiencing rolling costs (first to second month futures) greater than 10%, which is working in favor of my short iPath S&P 500 VIX short-term fund (VXX) position.
day moving average (MA) green line crosses below the 200 day moving average red line, signaling a bearish market. Also notice that at the end of September, the
Trading at 4 times forward earnings with potential for 40% earnings growth, value investors are taking notice of GT Advanced Technologies, says Joe Agresti.
Covestor manager Robert Zingale shares his reasons for maintaining his short position against the VXX.
