NEoWave Blog

2/13/2018 - NEoWave Staff

The February 2018 big decline did NOT impact NEoWave subscribers

Glenn Neely, founder of NEoWave, Inc., emailed this notice to NEoWave subscribers on February 6, 2018, following the stock market's severe sell-off:

"Because our portfolio contained a variety of Long and Short positions (along with 'protected' options positions), this week's severe sell-off did not negatively impact our trading account at all. The balance in our real-time Tradestation account, which started with $100,000 January 1, 2018, is still above $100,000 today! 

"As reported yesterday, my Tradestation scanners are providing dozens of potential buying opportunities in ETFs related to Commodities, Currencies, Fixed Income, Equites and Real Estate. Even so, I'm confident the worst is not over with this markets decline; I'm waiting for the market's 'fear factor' to increase before we attempt entry. Be patient. For subscribers, I might have some buys later today or this week but the bulk of new buying will occur only after another market 'scare' occurs."