Eureka Portfolio Performance Chart

Below is a chart of the S&P 500 and the Eureka Aggressive Portfolio since July 1, 2007 (the signal start of the bear market), the Portfolio goes back to June 2002 when the NAV was 1000 for both. Also shown is a chart line for the Conservative Portfolio which was started on May 19, 2008 when the S&P had its first bear market rebound to 1440.  Additionally the Eureka EMA ETF Fund is shown from its start on December 15, 2008 (with a starting NAV of 1000).

As can be seen from the chart, the lead Aggressive Portfolio is knocking at the door of new all time highs in NAV at Fridays close(2/6/09).  This is a critical area in terms of what it says about the Portfolio’s ability to show that the November 20th low was a valid low where a bullish rebound commenced.  Further up-moves in the Portfolio NAV from here will constitute the start of an upside breakout to us.  For a lot of reasons, outlined in our other post this morning, this may be a difficult task, but we will let the market tell the story.

The EMA ETF Fund NAV was 1040 at Fridays close.  No position changes.

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7:49 AM CST

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