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Tech and ETF positions deliver modest gains

Friday, November 9, 2012 15:50

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(Before It's News)

October was a somewhat better month than September for the Breakouts and Reversals model portfolio. Modest gains (+1.6%) were achieved through short term positions in tech and ETFs.

Outperformance of the benchmark was also achieved by virtue of the S&P Index’s decline (-2.0%) in a generally quiet month for equities. I expect the US presidential election result to provide volatility to the equities markets as the race is close.

Any index comparisons provided in the blogs are for informational purposes only and should not be used as the basis for making an investment decision. There are significant differences between client accounts and the indices referenced including, but not limited to, risk profile, liquidity, volatility and asset composition. The S&P 500 is an index of 500 stocks chosen for market size, liquidity and industry, among other factors.

Covestor Ltd. is a registered investment advisor. Covestor licenses investment strategies from its Model Managers to establish investment models. The commentary here is provided as general and impersonal information and should not be construed as recommendations or advice. Information from Model Managers and third-party sources deemed to be reliable but not guaranteed. Past performance is no guarantee of future results. Transaction histories for Covestor models available upon request. Additional important disclosures available at http://site.covestor.com/help/disclosures. For information about Covestor and its services, go to http://covestor.com or contact Covestor Client Services at (866) 825-3005, x703.