Profunds index and sector trading

[was Steve]

this week was a doozey. gave back 3.32% on the week and now only up .21% on the quarter, 39.10% on the year and beating the spx by 38.42%. that is a drop of almost 7% relative to the spx which really is bad.

i was truly let down by the pharmas. they were barely green on monday when i was 100% long and the indexes soared. they were red on tues and wed while markets up again. if they had gone up anything i would have been in much better shape but they didnt tow the line. oh and of course they were up the next two days modestly after i sold them. yes a truly frustrating week. watch the fund go up 15% in a few weeks now like the Telecom did after i sold that out of frustration as their index lagging abilities.

will have to right this ship next week and get back on the path to new highs which are now 4.05% above todays close. it could happen next week if this third wave ends monday/tues but thats prolly a best case. perhaps in 2 weeks or so ill be back to a freshie