Brief Update

I don't have a clue. Everything I know tells me this market is overpriced, overvalued and overbought. The general gut feeling I have is that this is a repeat of 1998-2000 and 2006-2008 when the markets just kept going up for no good reason till they collapsed. All that aside I will update the model portfolio and pray things start making sense. I went through the identical set of problems back in those time periods I mentioned of being whipsawed and constantly being stop ordered out of positions. Here is the update. 
SCO: SCO, which is short of oil, got stopped out with a small loss as oil collapsed and then made a huge reversal to the upside. Chart below. 

 Dug, which is a short of the oil and gas industry, also whipsawed and I got stopped out with a small loss. Chart below. 

 
   UBT which is a proxy for the 20 year treasury had a huge reversal but is still well above the moving average line. Chart below. 

 

GDX, which a proxy for the gold miners is still in a major state of collapse and has now morphed into a long term gamble. I just hope I live long enough to see it get back in the black. Chart below. 

Last I will post the current model portfolio or what is left of it. UBT still looks ok and GDX still looks terrible. Portfolio below.

UBT	100	68.65	69.77	-3.62	$361.60	$112.00	1.63%	$6,977.00
GDX	300	40.926667	29.69	0.06	$18.00	$3,371.00	27.46%	$8,907.00
Total					$343.60	$3,259.00	17.02%	$15,884.00

Where we go from here is beyond me but I am still thinking we will have a late summer, early fall swoon in the market and so I'm hoping I can recoup some of my losses shorting the market.