Week In Review 5-16-08

I was surprised when I looked back over the week. Based on the daily ups and downs I assumed that the broad indexes would be relatively flat for the week. They all did quite well, with the Dow up +1.82%, the S&P 500 +2.59%, Nasdaq +3.35%, and the Russell 2000 +2.92% according to the Kirk Report.

I had a good week, but it would have been better had the indexes struggled more. My portfolio made 7.94%. I am .04% away from being even for the year! Yay! What an awful 3 months that was.

I had to make 26.5% the past two months to make up for the 19% that I lost since the beginning of the year. That was a major pain in the buttocks.

Now that I'm (almost) back to even, I can set my sights on grinding out 40% for the year. With only 7 months left, it won't be easy. But I still think it's possible.

Even though I handily beat all the stock screens, it was still a bitter/sweet week since they did a pretty awesome job as well with To The Moon leading the pack. Zweig Relative Strength 5 has busted out of the gate and has a nice return for the year already at nearly 8%.

I've veered off the trading path over the last couple of months and I have been dabbling in options and trading chart patterns. I've been feeling pretty cocky about my returns until I realized that the Zweig Relative Strength 5 screen has pretty much matched what I've done in the last two months.