FEEDIt was a tough week for the major market indices. The DOW, S&P 500 and NASDAQ closed off -1.5%, -1.2% and -1.5% respectively. The DOW closed below its August lows on Wednesday signaling a DOW Theory sell signal. Whether you subscribe to this theory or not – enough traders do; that it has caused extreme volatility around this price level. Friday’s rebound was comforting, but it was on low volume. The course of the market for the remainder of the year may be determined over the next few days.
On the commodity front, Oil continues to flirt with $100 per barrel, but the watched pot is having trouble boiling. For the week, Oil was up 4.6% closing at $98.18. Gold and Silver shined and were up 4.8% and 1.5% for the week. Gold stocks as represented by the XAU were up 2.0%.
The TTaMG portfolios were mixed for the week:
- Fab 4 -5.3%
- BBO -2.6%
- BRIC -5.8%
- Real Money 0.0%
- TBS 2.3%
- MDs Ag Play -3.5%
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