The Issachar Fund (LIONX, BRI, ESG) is 90% invested in 47 leading growth stocks on Sunday, Oct. 11, 2020. I increased exposure in LIONX last week as many growth stocks continued to exhibit institutional accumulation patterns, which supported my bullish conviction level. Many leading stocks continue to advance and get more stretched in price, so it is hard to justify buying at those levels. However, I am finding many other "late comers" offering what I feel are lower-risk buy points that I plan to take advantage of. I believe there is still plenty of gas left in the growth stock tank, and I am even more bullish than last week.
I like to follow the leaders because their price and volume action often give me clues about what may be happening under the surface. The leader's price/volume action flashed signs of higher risk in March, and that is what I used to keep LIONX in cash from Feb. 25-March 25, while the market declined over 20%.
I believe the wind is at our back going into the election, especially since the Fed has agreed to keep rates low and liquidity flowing. If I am wrong, I will not hesitate to do what is necessary, seeking to avoid life-changing losses in LIONX. I am very bullish on the stock market and pleased with the LIONX results this year. (There is no guarantee that any investment will achieve its objectives, generate positive returns or avoid losses.)
I believe the market has just completed a typical 8-10% correction in a healthy uptrend! The market is trading near all-time highs once again, and I like how the market responds to the news. The market looks as though it is positioning itself to break through its all-time high line of resistance, especially if we get a stimulus package before the election. It is hard to imagine how we will ever pay for the trillions of dollars that our government keeps spending in the name of COVID-19, but spending continues to expand. Maybe we keep spending until the market says enough! I believe the stock market has the potential to keep rising as long as the Fed keeps printing money. One day there will likely be a price to pay for this reckless spending, but it does not appear to be today. A precipitous drop in the dollar is one of the clues that will tell me that risk may be on the rise. The dollar is in a downtrend and down over 10% since March 19, but it is not a "steep" one as of yet. I assume that we will continue to spend money we do not have as long as the world currency market allows us. We do live in exciting times!
Bottom Line: For the week ending Oct. 11, 2020, leaders continue to lead, and I plan to follow the leaders for clues as to when it may be time to take some chips off the table. For now, I predict a landslide victory for the Republicans in all three Houses. I pray to God that I am right because God help us if I am wrong. I believe God holds the kings in His hand, His favor is on America and He loves all of us like a Father loves His Son. God is love, and I pray that you receive and share His love with your neighbor. Amen!
" The king's heart is in the hand of the Lord, as the rivers of water; He turns it to any place He will" (Prov. 21:1).
"The Spirit Himself bears witness with our spirits that we are children of God" (Rom. 8:16).
"A new command I give you, that you love one another, even as I have loved you" (John 13:34a).
LIONX is a tactical, alternative, long/short, mutual fund that is actively managed like a hedge fund.
Investors should carefully consider the investment objectives, risks, charges and expenses of the Issachar Fund. This and other important information about the Fund are contained in the prospectus, which can be obtained by calling 1-866-787-8355 or visiting LIONX.net. The prospectus should be read carefully before investing. The Issachar Fund is distributed by Northern Lights Distributors, LLC., member FINRA/SIPC. Horizon Capital Management Inc., (HCM) is not affiliated with Northern Lights Distributors, LLC. Important Risk Information: Mutual Funds involve risks, including the possible loss of principal. An investment in the Fund may not be appropriate for all investors. The Fund may hold cash positions when the adviser feels that the market is not producing returns greater than the short-term cash investments in which the Fund may invest. There is a risk that the sections of the market in which the Fund invests will begin to rise or fall rapidly, and the Fund will not be able to sell stocks quickly enough to avoid losses or reinvest its cash positions into areas of the advancing market quickly enough to capture the initial returns of changing market conditions. The adviser's judgment about the attractiveness, value and potential appreciation of particular asset classes and securities in which the Fund invests may prove incorrect and may not produce the desired results. Past performance is no guarantee of future results. Ratings are only one form of Fund performance and should not be used as the sole consideration in making an investment decision. For more information regarding the fund, including current performance, please visit issacharfund.com. For more information on LIONX, please visit LIONX.net. NLD Review Code 8059-NLD-10/12/2020
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