Author: William Smith
In early June, the market experienced its biggest downturn in recent weeks. Many investors are wondering where things will go, and the global economy, eclipsed by recent events in Greece and the broader Eurozone, is throwing up question marks right and left. Investors don’t like question marks.
Regarding my own model, May was a slightly below average month for the MS8 Trading System. Our overall exposure was just over 15% (meaning that’s how much time we were invested), and we ended the month mainly in cash.
There was one disappointing trade in Broadvision (BVSN), which lost nearly 35% of its value. That was painful, but a trading system is a strategy that relies on the averages working out over the long haul.