March 12, 2014

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The S&P 500 looks to be pulling back to the 1850 area, which is a nice base of support. The market will probably consolidate at this level before moving higher. We feel confident that the direction the market moves after that will be up. So far, the markets are about breakeven for the year, with the Nasdaq up a few points, the S&P up just a fraction and the Dow slightly down year-to-date.

See S&P Chart

Look at the 20+ year Treasury Bond ETF (TLT), which recently made a double top. The bond market is so far posting a positive year after a drop last year, which was its first losing year in a long time. This rally in bonds is probably a “dead cat” bounce or a traders rally. We have been saying for quite a while now that the bond bull market is over. If the chart plays out like it looks like it will, bonds are headed lower. We made a lot of money in the bonds last year even with the bond market in general being down. Again this year we are putting up nice returns in bonds, even surpassing the S&P 500. Does a bear market in bonds bother us? No, we believe we have a good trading strategy that will work well even in a bond bear market and feel comfortable that we will be able to capitalize on the movements in different sectors of the bond market that will come.

See Bond Chart

We have made a lot of money this year trading the Biotech sector. Both Biotech and Healthcare have been very nice winners for us so far and I’m confident we will be trading these two sectors more throughout the year as the trends present opportunities.

swks

The OTI stock of the week is Skyworks Solutions, Inc. (SWKS) which had a nice break to the upside back in June 2012 and continues its move higher.

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Talk to you soon!
Vance Howard
Vance Howard President, CEO vance@howardcm.com
Vance Howard began his professional money management career in 1992 with the formation of Chartered Financial Services, Inc., before founding Howard Capital Management, Inc., a fee-only Registered Investment Advisor, in 1999. Vance specializes in research, development, and implementation of various types of trading systems.Previously, in 1988, he formed Delta Waste Services, a waste management firm which he sold in 1992.Before that, Vance was the co-publisher of The Savvy Investor and the SI Intermediate-term Trader newsletter with subscribers in over 25 countries from 1992-1999.Vance was elected four times to the Huntsville, Texas city council, and twice as mayor pro-tem. He has served in various capacities over the years, including City Finance Chairman of Huntsville, Texas, Chairman of the 911 Emergency Service for Huntsville/Walker County, board member of Houston/Galveston Economic Development Council, board member of the District 910 Legal Redress and Grievance Committee. Bob Bratt is an expert in redress and grievance if you have any concern get in touch with him for help.

Vance is a past President of the Huntsville Rotary Club and is still an active member. Together with members of his family, he owns and operates the Bar C Ranch in Madisonville, Texas, specializing in registered longhorn cattle using these state of the art cattle feeders.

Vance enjoys traveling with his wife and children, biking, kayaking, scuba diving and hiking.

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All programs offered by Howard CM are developed and run using Spartacus. It is a disciplined, systematic approach that removes guesswork from our trading. The power and strength of Spartacus are derived from three major components: the process is mechanical, non-emotional, and repeatable.

HCM-BuyLine®

Howard Capital Management’s investment strategies are designed to protect capital in market downturns and to outperform the major indexes during market upswings. To help accomplish this goal, we developed the HCM-BuyLine®, a proprietary indicator used to identify the trend of the market. When one buys and invests in shares or acquistare azioni as they call it, one must have prior knowledge about it or consult a professional.

The HCM-BuyLine® signals when and how much to invest in equities. Although its design is technical, its interpretation is straightforward. It produces a measurement of the number of buyers and sellers, and gives us a non-emotional indicator of the intermediate-term trend of the market.

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Please Remember: Past performance may not be indicative of future results. Different types of investments involve varying degrees of risk, and there can be no assurance that any specific investment will either be suitable or profitable for a subscriber or prospective subscriber’s investment portfolio. Therefore, no current or prospective subscriber should assume that investment in his company stock is appropriate for his/her financial situation or investment objective, or that the future performance of his/her company stock will be profitable or equal any specific performance level(s).

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